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Wondering for right home loan for your dream home? Let ‘ghar ki laxmi’ have it for you. Yes, your curiosity stands right on thinking, how? It’s just about your awareness of the home loan benefits women enjoy in India. In today’s world women have become independent and aware in making financial decisions, government of India too …
Buying a first home can be nerve-racking. It is because the process is difficult to deal. And what makes it that? At the top of the list is getting a home loan and setting the interest rates to purchase your dream property. While the advertisements are quite glossy but the process is painful, as any …
Moving into our own house is nothing less than a dream come true. Home loan is our life’s biggest financial commitment, a way to create a lifetime asset and a way to transform your dreams into reality without making a hole in your savings. Even if the margin of error while the repayment of loan …
It is always better to be prepared and do homework before entering a financial transaction or making a strong move towards a purchase. Before borrowing it is always advantageous to know more about the cost of borrowing. The concept of loan is very much straight forward. The borrowed amount has to be repaid within a …
In finance industry Amortization is referred in two ways. Both refers towards the regular payments for a period of time. In English, generally mortem means “to kill”. it wont be wrong if we say that amortization refers to killing off the loan. Amortization refers to the repayment of secured loans with a fixed repayment schedule …
It is important to check while finalizing the Bank/NBFC who is giving an affordable interest rate as per the requirement of the borrower. One has to be cautious in not only understanding the EMI amount but also the mode of its calculation. EMI can be calculated by Fixed Rate Method, Floating Rate Method and Reducing …
It is important to remember that the interest rates do not change themselves. There are always certain situations like economic information on consumer spending or may be business inventories. There is no one person or organization that set the standards for thousands of nationalized and private banks. There is no one person to determine what …
An interest is the amount due over the period for the amount lent, borrowed or deposited. An interest amount depends on the principal amount, rate, compounding frequency and the time for which the amount is being lent, deposited or borrowed. An extra amount that a lender charges over the principal amount is normally expressed as …