Anil Surma
Photo of Tax Saving Fixed Deposit. All You Should Know about Loans Against Property. Slide 1: All you should Know about Loan against Property Loan against Property Loan against property can be availed against a self-occupied residence or a commercial house. The foremost prerequisite on the banks part is that there should not be any other encumbrance. Loan against Property is the most secure of loans therefore the lending rate is normally low compared to other unsecured loans. However because of the configuration of lending by banks they have a propensity to be somewhat higher than housing loans.
The eligibility criteria for getting Loan against Property is also laissez-faire as the property is available as collateral. The repayment term can also be long from 5 to 15 years. When to look at Loan against Property For anyone who has a house or commercial property and is looking for a loan Loan against Property should be the first option. Slide 2: Partial pre-closure is authorized without any penalties. Beware of being a home loan co applicant. Fixed Deposit. Car Loan. Click Here For Home Loans. <strong><p>Your browser looks like outdated. Please use modern browser which is Java supported. </p><p>Click Here For Home Loans SGC78282</p><p>SGC78282, Click Here For Home Loans, IDBI Bank home loans offer flexible loan repayment options and lower EMIs at attractive interest rates Calcula...
</p></strong> Singapore Classifieds Ads Category Baby Items Boats Books Business Photo & Cameras Cars Collectibles Computers Craft Works Currency Trading Decoration Fashion & Dress Electronics Entertainment Events Finance Furnitures Games Gift Certificates Gigs Health & Beauty Home & Garden Household Jewelry Jobs Mobile Phones Movies Music Party & Club Pet Supplies Real Estate Shoes Specialty Services Sports Goods Tickets Toys & Hobbies Training Travel & Tour Vehicles & Parts Other Things Business Classifieds American FinanceUK FinanceUSA FinanceIndia FinanceDubai FinanceAbu Dhabi FinanceMalaysia FinancePhilippines FinanceChennai FinanceMumbai FinanceDelhi FinanceKolkata FinanceBangalore FinanceHyderabad FinancePune FinanceCoimbatore Finance. Click Here For Car Loan. <strong><p>Your browser looks like outdated. Please use modern browser which is Java supported. </p><p>Click Here For Car Loan PHC77737</p><p>PHC77737, Click Here For Car Loan, IDBI Bank offers car loans with attractive interest rates for upto 7 years Calculate your eligibility and get a...
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Click Here For Loan Against Property. <strong><p>Your browser looks like outdated. Please use modern browser which is Java supported. </p><p>Click Here For Loan Against Property PUC139389</p><p>PUC139389, Click Here For Loan Against Property, Let your property be a shelter to your dreams IDBI Bank Loan against Property is a multi-purpose l... </p></strong> Pune Classifieds Ads Category Baby Items Boats Books Business Photo & Cameras Cars Collectibles Computers Craft Works Currency Trading Decoration Fashion & Dress Electronics Entertainment Events Finance Furnitures Games Gift Certificates Gigs Health & Beauty Home & Garden Household Jewelry Jobs Mobile Phones Movies Music Party & Club Pet Supplies Real Estate Shoes Specialty Services Sports Goods Tickets Toys & Hobbies Training Travel & Tour Vehicles & Parts Other Things Business Classifieds Type: Offer Category: Finance Price: Contact advertiser Click Here For Loan Against Property Advertiser: Anil Surma | Location: India | Posted: Feb 19, 2016 2:19:51 AM | Hits: 106 /IDBIBank /idbi_bank /company/idbi-bank My Post My Post.
5 Tax Saving Tips for Taxpayers in their 20’s. Tax saving Fixed Deposit - How fixed-income investments are taxed. Tax saving Fixed Deposit - How fixed-income investments are taxed Being aware about taxation will help you manage returns better Taxation shouldn’t be the primary reason for choosing an investment product. These choices should be based on financial objectives. Nevertheless, being aware about taxation will help you manage returns better. Here is a look at how fixed-income products are taxed. Fixed Deposits (FD) Interest earned on an FD is taxable as per your income tax slab.
Fixed-Income Funds For all mutual funds, you have the option to choose between the dividend option (where you get some of the return paid out regularly as dividends) and the growth option (returns get accumulated and paid out when you redeem the money). Home Loan India. Click here to find out all the details Loan against Property. Car Loan India How Down Payments Affect Your Car Loan. Home Loan: Composite Loan – Two in One Home Loan. Home Loan Prepayment Interest calculation is one of the grey areas from the borrower’s perspective. As the average Home Loan tenure in India is 7-8 years therefore Home Loan Prepayment is very common.
Borrower prepays Home Loan as and when he/she receives an annual bonus or on the maturity of the past investment. Instances of overpayment, wrong effective date, calculation of Prepayment Interest etc are common points of dispute with the Home Loan Provider. In my post, Home Loan Prepayment – 5 Important Points, i discussed the general points. Based on the feedback/queries of my readers, I decided to write a post on How the Home Loan Prepayment Interest is calculated? Though the calculation of Prepayment Interest is not a rocket science but the staffs of a Bank/HFC fails to explain the same to the borrower. 1. In short, Monthly Rest implies that Bank will re-calculate the outstanding principal amount for interest calculation every month. 2. “Under the Negotiable Instruments Act, 1881. 3. Property Loan. Tax Saving Deposit Why Tax Day Is The Best Day To Save Money. 5 Golden Rules of Housing Loan EMI.
Credit Card. Loan against property scores over personal loans. A loan against property (LAP) is exactly what the name implies — a loan given or disbursed by mortgaging property. The loan is given as a certain percentage of the property's market value, usually around 40-60 per cent. It belongs to the secured loan category where the borrower provides a guarantee by using his property as security.
The borrower can either opt for an overdraft option where he is required to pay interest only on the amount withdrawn or a lump sum loan amount. The disadvantage of an overdraft facility is that the interest rate charged may be higher, in some cases up to 0.5 per cent and also annual processing fees will be charged. Additionally, only banks can offer the overdraft facility as other financial institutions do not offer savings/current accounts.
In case of a lump sum loan, processing fees are charged only once when the loan is taken and also the individual can approach either a bank or financial institution for the loan. IDBI Bank offers car loans with attractive interest rates & for upto 7 years.… How to get an education loan in india. Home Loan: Impact of Base Rate Cut on Housing Loans. Taking a home loan is a mammoth task, especially with all the paper work and cumbersome legal formalities involved. A lot of first time home loan customers are unfamiliar with several loan jargons and find themselves at a loss while dealing with bank officials and builders. But taking a home loan is one of the biggest financial liabilities you will incur. Thus, before you take the leap, you must familiarize yourself with related terms and common practices. So, we have compiled a list of 12 Common Terms You Must Know Before taking a Home Loan: 1.
What is Margin? In 2010, RBI set a ceiling limit on home loans which limits the amount of loan one can take against property to 80% of the property value. For example, if you purchased a property worth 75 lakhs, then the bank can fund up to 80% of total amount, which is 60 lakhs. 2. An offer letter is a formal confirmation from the bank stating that it has agreed to consider you as one of its loan customers. 3. 4. Disbursement means payment. 5. Loan against Property. 7 most common housing loan problems faced by borrowers in india. Car Loan: Points To Consider While Applying For Car Loan. Whether you are going for used car loan or a new car loan, each one comes with its own terms and conditions. The best way to cope up with these is to make a sharp comparison between the offered options and apply for the best one without wasting any time. As soon as you will apply for the auto loan, the bank will contact you or send someone who will help you in taking the process further.
Apart from answering their questions, it is also necessary to get answer to your questions or at least get to know everything that you wish to know. Here are some questions that you must ask the agent before finalizing the car loan in India. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Source: Select from a wide range of Credit Cards offered. Tax Saving Deposits: When & how to pay Income Tax on Interest Income? By Anil Surma Banking Fixed Deposits are a very popular form of savings. Our money is safely kept in FDs, but seldom do we think about paying tax on the interest income. How is interest income taxed? Interest income from Fixed Deposits is fully taxable. It is added to your total income and taxed at slab rates applicable to your total income. It is shown under the head ‘Income from Other Sources’ in your Income Tax Return. Understanding TDS – When you receive certain payments the person paying you has to deduct tax before making the payment.
Banks deduct TDS on interest income when it is accrued and not when the FD matures & interest is paid out. How to calculate tax on interest income? Add interest income to your total income in your Income Tax Return each year (even though it may not be paid out) and calculate your tax liability accordingly – matching it with the yearly TDS deduction at the bank’s end. When to pay tax on interest income? Understanding TDS in relation to FDs About Anil Surma. Loan against Property. Why you should opt for a joint home loan. 10 Free Credit Card Benefits You Might Not Know About. 10 Free Credit Card Benefits You Might Not Know About. Fixed Deposit. Credit Card: How to Report Income on Your Credit Card Application. If you have a job with a fixed annual salary, reporting your income on credit card applications is easy.
But for millions of students, stay-at-home parents, hourly-wage workers and freelancers, reporting annual income is much trickier. You want to tell the truth, but the applications rarely make it clear how you should calculate such a number. What’s an honest consumer to do? What counts as income Before the Credit CARD Act of 2009, it seemed as though everyone with a pulse could get a big credit line. According to an amendment to the CARD Act, borrowers over 21 can list any income to which they have “reasonable expectation of access.” Personal incomeIncome from a spouse or partnerAllowances and giftsTrust fund distributionsScholarships and grantsRetirement fund distributionsSocial Security income Borrowers between ages 18 and 21 can report only independent income, which typically includes: Personal income, including regular allowancesScholarships and grants What doesn’t count as income. Factors That Affect Your Car Loan Interest Rates. 5 reasons to refinance your Property Loan.
What to look for in a car loan agreement. Car Loans India - Importance of Car Loan Surrender Letter. In today's world, cars have become a part of modern lifestyle. It involves a serious amount of investment. Buyers finalize on a particular model after carefully going through different options available in the market. There is a large set of people who resort to availing a loan to help them buy a car. This process fulfils the dream of owning a stylish car with financial assistance from a bank. As per this clause, a borrower needs to fill the surrender form with accurate information related to the vehicle. This is where the lender gets the surrender letter in advance from an applicant at the time of cheapest car loan approval procedure. This practice has been influential in keeping a check on defaulting borrowers who take benefit of car loans without an intention of paying back the dues. Source: 10 Free Credit Card Benefits You Might Not Know About. Smart tax saving tools to maximise returns.
Expenditure-related deductions broadly, the expenditure-related deductions include tuition fees and home loan payments. Tuition fees for full-time education in any Indian university, college, school, educational institution, for any two children are eligible for deduction. However, development fees or donations are not considered. Investment-related deductions Equity Instruments The most popular one here is the equity-linked savings schemes (ELSS) offered by mutual funds.
Provident Fund (PF)/Public Provident Fund (PPF) In India, there is no comprehensive social security scheme; therefore, individuals have to rely primarily on their own savings/retirement funds. Employee’s contribution towards PF is eligible for deduction. Life Insurance Policies & Post Office Schemes Life Insurance Policies (LIP) There are different kinds of life insurance policies, which include term insurance, money-back, endowment, etc.
Post Office Schemes Deposits To sum-up Like this: Like Loading... Loan against Property: Home Loan or Loan against Property? Picking the better investment. A home loan is a loan that is advanced to you by a lender to assist you in buying a house. This amount needs to be repaid to your lender in monthly instalments. If you apply for loan against property, you will receive a loan against the mortgage of your property. This means that your property is your security in the event that you are unable to pay back the loan. This loan is usually between 40% to 60% of your property’s value, and can sometimes go up to 70%. What’s great About These Loans? Your capital goes up: Property prices in India have been skyrocketing over the past decade. Home loans are also quickly processed and disbursed, so you won’t have to deal with delays when you apply for this type of loan.
Loan against Property: It’s your property: When you apply for loan against property, you still maintain ownership of your property. You can sell it if you want to: If you’re unable to make monthly payments or feel like you won’t be able to in the future, you could sell your property. 7 must do things on Property Loan Prepayment and Closure procedure. 8 Ques You Should Ask Home Loan Provider. Car Loans. 5 Year Tax Saving Fixed Deposit (FD) under Section 80C. Housing Loan from Housing Finance Company. Taking a home loan is a mammoth task, especially with all the paper work and cumbersome legal formalities involved. A lot of first time home loan customers are unfamiliar with several loan jargons and find themselves at a loss while dealing with bank officials and builders.
But taking a home loan is one of the biggest financial liabilities you will incur. Thus, before you take the leap, you must familiarize yourself with related terms and common practices. So, we have compiled a list of 12 Common Terms You Must Know Before taking a Home Loan: 1. What is Margin? In 2010, RBI set a ceiling limit on home loans which limits the amount of loan one can take against property to 80% of the property value. For example, if you purchased a property worth 75 lakhs, then the bank can fund up to 80% of total amount, which is 60 lakhs. 2. An offer letter is a formal confirmation from the bank stating that it has agreed to consider you as one of its loan customers. 3. 4.
Disbursement means payment. 5. Car Loan — Let your property be a shelter to your dreams. 5 reasons to refinance your property loan. 5 year tax saving fixed deposit (fd) under section 80c. How to pay your housing loan off in half the time! Tax Saving - The Tax-Smart Way to Use Health Savings Accounts. Car Loans. The First Thing to Do Before Applying For a Credit Card. Revised Guidelines on Home Loans from HFC by Anil Surma. The good and the bad of Property Loan. Home Loan or Loan against Property? Picking the better investment. Loan Against Property — Let your property be a shelter to your dreams.... Loan against Property. Pros and cons of home loan prepayment.
Car Loans India. Property Loan. Home Loan: Housing Loan - Is Your Home Collateral for Other Loans? 10 Tips to Fight Credit Card Fraud. Five things that matter for Housing Loan Applicants. Auto loan: Points To Consider While Applying For Car Loans. Five things that matter for Property Loan. Fixed Deposit Interest Rates. Five things that matter for property loan. Home Loan Myths – Top 6 Myths Every Borrower Should Know. A Few Tax Saving Tips to Save the Day. 4 ways to evaluate credit card offers by Anil Surma.
Top 5 Tax Saving Investment Plans. Fixed Deposit Rates – Meaning of Fixed Deposit Account – Fixed Deposit Blog. Home Loan India. Loan Against Securities : Loans against property: a time bomb ticking away? Know About These Charges before Applying For a Car Loan. Property Loan. Home loan rejection – 5 hidden reasons you are unaware. Advice for succeeding at Tax saving this financial year. 10 Tips to Make the Most of Your Credit Card. Fixed Deposit Rates. Car Loan. How Does A Car Loan Work In India? Credit Card Offers. Credit Card | Signature & Platinum cards - IDBI Bank Credit Cards. Click here for Fixed Deposit Rates. Car Loans.
How to get the best car loan deal. What you need to know about a Loan against Property. Tax Saving: Look Beyond Market Linked Tax Saving Options. Home Loan India. Tax Saving Tips for Salaried Individuals. Five Things You Should Know About Your Credit Card. All you need to know about Fixed Deposits. Fixed Deposit. Recurring Deposit: Recurring Deposit – An Introduction.