What to look for when taking a Housing Loan?

To fulfill the dream to own a house, many people depend on housing loans.  The first question, when a loan is taken, is the rate of interest. However, this is not so in all circumstances … along with it, there are some more important points to be taken note of.

Banks frequently revise the terms and conditions in case of housing loans. A rate of interest for the first year … after that, another rate … is made applicable to the loans. However, currently the interest rates are almost the same in many of the banks.  It facilitates to assess the benefits available from each of the banks and take a prudent decision for selection of a bank.

What is Credit Score? Why it is important in getting bank loans

Credit Score is the key for getting a Credit Card or going for a housing loan. Your credit score slips down and opportunities for further credit gets affected if repayments of loans are irregular or the cheques you issued bounce back. Not only that, frequent contacts with banks for loans also influence your credit rating marks.

What to see when going for a loan?

Money may not be readily available to meet the necessities. It is not bad to go in for loan or hand loan in case of emergencies, provided we carefully assess our ability to repay the loan. Financial experts say that problems can be avoided if the order of priority of our financial needs for meeting situations like urgent, pressing, for fulfilling a wish and for luxury are properly analysed. 

Mired in Neck Deep Loans – Then this is for you!

Wish to own a home … a branded car … go on foreign pleasure trips … now they are not that difficult. Bank loans are making a reality of our dreams. So long everything goes on well, no problem, but when once, for peculiar reasons, if the repayment of loan installment is delayed or stopped, then the real problem arises. Banks are ready to sanction loans to meet each and every of our needs; they do not even mind about the purpose for which the loan is taken.

Twelve principles for a relaxed Financial Future

If you want to lead a relaxed life and do not worry about your future in any angle including financial matters, these 12 principles will help you to do so...