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 am planning to buy a property within range of 23 to 25 lakhs. I have 10L in liquidity to pay the upfront money and rest 13 to 15 lakhs from loan for 15/20 years which will add a liability of 15 to 20K as a Housing Loan installment. Recently, I came across with some adv […]

Hi All, I have taken 30,71,000 home loan from SBI for a tenure of 20 years. Interest rate is 8 % 1st year, 9% for 2nd and 3rd year and then floating. SBI has included 18 months of Moratorium period since property will be ready by then, and they will charge only interest part and […]

  Hi Manish & All,   I would like to know comment from all on below thought regarding homeloan.    I have always thought that it is always beneficail to pay upfront as much money as you have and take lesser home loan amount.    However looking closely into the numbers and calculation It seems […]

The risks of teaser home loan rates are well known. However if I plan to pre-pay the loan within the teaser-loan-duration, isn’t teaser loan a win-win situation? Or does SBI disallow prepayment in the teaser duration?

We are planning to give out our ancestral home on rent. Since we have no experience in this and have never dealt with the intricacies of renting out a house, could you all please provide your inputs on what all to keep in mind regarding legalities/paperwork and any other angle that we might have overlooked? […]

It might be silly but still i wanna know. I have a home loan taken recently will the loan amount be included in my income and taxed? For example if my taxable salary is 2L and loan amount is 10L .Then the tax will be calculated for 12L?

Is it the right time to liquidate my investments in LIC Market plus growth fund, plan 181 and 191 and should i continue with my new bima gold policy after 6 years, now.   Thanks in advance -Mahesh

I bought one Flat in 2002 say at X price & will be sold this year say at 5X . Now I invest this money in under construction Flat on Construction linked payment plan ( 3 to 4 Years ) . Will this income ( 5X – X ) be Taxable as I will not […]

I have a SBI Life Smart performer unit linked plan and have paid the first premium of 50000/- for this year (yearly premium). I want to know weather paying on monthly basis will be of any advantage to me, or should i continue paying yearly. Thanking you.