Hello All, We have bought home in 2013 where co-owners are My Mother, My Brother and Myself. Also taken home loan from Bank Of Maharastra and co-applicants are My Mother, My Brother and Myself. My brother and myself are earning persons but my mother is house-wife. Keeping my mother name in home loan as co-applicant […]

SBI applied Commercial interest rate for my home loan, as construction didn’t started (after 4 years) asking for difference in interest for previous 2 years. Sequence : 1. Took Home loan from SBI Dec-2010 2. Gave declaration that will start construction in 2 years else they can apply commercial interest rate. 3. Dec – 2012 […]

Dear All, Thank you for doing all great work of helping here. I’ve a question regarding home loan repayment. I’ve gone through EMI calculation formula multiple times but could not get the answer. I’ve a home loan from LIC HFL, details are below. Initial Lone Amount: 35,00,000.00 INR Outstanding Loan Amount: 27,95,000.00 INR Rate of […]

Hi I have a SBI MG home loan that I got for my home while it was under construction. Now, after 15 months I got the loan and paying full EMI, the construction of the home is complete ready for possession. I have been reading a lot about SBI MG and its advantages. I understand […]

Hi, We have a Flat in chennai for 28L for which we are paying an emi of 32k/month. claiming an Income Tax Exemption in 80 C and 24b and HRA also as we have rented out for 8k/month. We plan to take second home loan in Bangalore for 40Lac. How can we claim the Tax […]

Hi, My mother owns a house where my parents and brother live. We are planning to renovate it and pay for it either by dipping into their retirement savings (which I don’t want to) or by taking a home improvement loan. However both my parents are retired and are dependent on me. I want to take […]

me and my wife has just opened sbi fixed deposit for 1 year both name….so just wanna know can i take loan on FD  individually with out my wife signature…..

Hi, I have first SB account since 2007, then in 2014 I have taken Personal loan on the same CIF and same Branch. The surprizing thing is that my Personal loan a/c (being with same CIF as of SB a/c) is not linked to the Saving Account. Branch Personnels are confused and not able to […]

Hi, I read your article of ” How EMI’s Principle and Interest breakup is done”. The article is really good and I got lot of input by that. Still have some doubts Pl clarify. 1) Am taking a Home loan of Rs.7lacs with the tenure of 5 years on r.o.interest 10.15% – is that profit with 5 years […]

Hi, I have sanctioned 10L home loan amount from HDFC for my home. But I have buffer amount of 2L still available which I am planning to give to builder instead of home loan from bank. So is it fine if I avail only 8L (or minimum) loan from bank against the sanctioned/approved amount? Are there any […]