Taking a home loan and paying it off is the biggest financial achievement we make in our lifetime. The huge debt burden and the long duration are the two daunting aspects of home loans. However, with some intelligent planning you can pay off your loan and become debt-free much sooner than you had imagined. There […]
India’s largest lender State Bank of India (SBI) increased its home loan disbursement by 50% in the Bengal circle to touch a new high of Rs. 2100 crore in the fiscal year 2014-15. The announcement was made by SBI Bengal circles Chief General Manager Prashant Kumar at a housing expo organized by realtor’s apex body […]
How to choose between LAP and PL? We all find ourselves cash-strapped at one point or another in our lives. We may need money for setting up or expanding our business, paying children’s higher education fees, or meeting wedding expenses, among others.
In this week’s entry, I will attempt to present a new perspective to the whole rent vs. buy a house debate. Let’s put the spotlight on some of the basic math you need to keep in mind when making this decision. Renting Buying What you will pay for […]
Buying a home is dream come true for all of us. The first home that we buy gives us an immense sense of achievement and independence. However, the decision to purchase a house is filled with apprehensions about repayments, tenure and how to go about looking for the most economical loan option available.