Hi Manish & All, I am an existing home loan customer of IDBI bank. I have taken loan of Rs 1400000/- @ interest rate 11.25% in 2007. I paid my first EMI on 10th Jul 2007.EMI – 14023/- for 20 yrs I did some part payment (around 200000/-). Now the Tenure is 12 yrs and the outstanding loan […]

I am planning to take a home loan which I am planning to repay in 5yrs by doing pre-payments. But to be on safe side (in case I am not able to pre-pay based on future situations) I am going to take a longer term loan. Now my question is should I take a 10yr […]

I keep listening from people that “I am buying home with home loan to save tax”. While I agree that it is a good idea to buy home as an asset building agenda, I have a question from the income tax point of view. Let us say, I have one own home (no rent) and […]

Hi friends I would like to know your suggestions I m planning to buy one property(flat) of 28 lacs. I have 2 options 1. I can buy it by paying full money(without bank loan) OR 2. Pay some amount in cash(say 5 to 7 lacs) and remaining amount as loan(which would be 20 to 21 […]

i have to buy a car costing around 6 lakhs.i have two option either to give full  6 lakhs in cash after selling my equity mutual fund or pay 2-3 lakhs in cash and rst by auto loan which is better option.

Please help me on this, I want to go for masters for which I wish to take education loan of around 8.90 lakhs.Post my bachelors uptil now I had been working courtesy which I have saved 1.60 Lakh.All banks give 1% interest concession on full tenure of education loan, if interest is serviced during study […]

I have a 5 lac loan with 10% interest. Assuming gold per 10gm has an increase of 15% every year .Just an assumption.   Now.suppose  i get a bonus of 50k every year from my company, which of the above is a good instrument to invest (loan pay OR gold coins).         […]

Hi, Recently I purchased a new home which is under construction. Currently I am staying in old house for which I had taken loan but cleared total loan last Financial year 2010-11. For new house I have taken a fresh loan of 30 Lacs from LIC housing finance and EMIs already started. I have to […]

Hi, My name is Dinkar and I had applied for a home loan in SBI for 34 lakhs.  They have processed my Loan under the SBI YUVA home loan policy that includes a MANDATORY moratorium period for 3 years in which Ist year there is no repayment and after that there is a payment of […]

Hi, I am going for home loan for 30 Lakhs with SBI and the house will be ready for occupation only by Oct 2012. SBI is giving me options to go for either Full EMI from the date of loan sanction or max 18 months moratorium period where I need to pay only Interest. I […]