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. 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.
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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. 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. 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. 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. 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. 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. 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. 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. 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. 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. However, the loan process is quite tedious and complicated.
As per this clause, a borrower needs to fill the surrender form with accurate information related to the vehicle. 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.
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. 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. 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. The higher the margin amount, lesser will be your loan amount, reducing the total cost of your property (since interest paid on home loan adds on to total cost of property). 2. 3. 4. 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!
By Anil Surma Banking 5 tips to get you there faster…. Tax Saving - The Tax-Smart Way to Use Health Savings Accounts. As open-enrolment season approaches, it’s time to consider how your health-insurance plan can help with not just your medical expenses, but your taxes as well. Car Loans. The First Thing to Do Before Applying For a Credit Card. Whether you love shopping or loathe it, hunting for a great credit card is one of those shopping expeditions that are well worth it. The deal you snag now on a new card can pay off handsomely in coming years. But before you jump in and start comparing credit card interest rates, fees or rewards, there’s one step you won’t want to overlook: reviewing your credit reports and scores.
This first step is crucial because the information in your credit reports — and the scores that are calculated as a result — will be critical in determining which cards you get and how much you pay for them. But be forewarned: Card issuers don’t disclose specific details about their credit score requirements up front. 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. Features Loan Purpose:- • Business Expansion • Education/Marriage expenses • Purchase of house • Improvement/Extension of existing Property • Medical Treatment • Any other personal Need. Loan Amount: Up to Rs.10cr, Loan above Rs.10cr can be provided depending upon individual cases. 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. Credit card chargeback can result in tremendous losses for your online store. Not only could that, but the financial institutions that back those charges put you in a sticky situation while investigations are carried out. New technology is regularly put in place to help ecommerce companies weed out the fraudulent charges, but they become obsolete the moment criminals discover new ways of stealing.
Five things that matter for Housing Loan Applicants. Auto loan: Points To Consider While Applying For Car Loans. Auto loans get counted among the most popular and always-in-demand products in car industry. Statistically, more than 80 per cent of people who purchase new car go for car financing and loan options. 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. 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.