NHB has announced no prepayment penalty for housing loans. I came across the term, Prepayment Penalty while I was working with a Housing Finance company in 2003. I was intrigued and I asked around why there was such a charge.…
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Ranjan Varma's Blog
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Why Charge Customers For Prepaying Loans?
Posted in Loans
Time To Get Your Credit History
Rajesh was worried when he received a letter from ICICI closing his credit card. Worried, not because he needed the credit card. Worried, because he did not knew that he had that credit card in his name! Other than being…
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Posted in Financial Awareness, Loans
Thoughts on Investing in Real Estate in India
A lot of experts advise investing in real estate as an important component of your asset allocation. But I am not really comfortable with this advice for the following reasons. One, prices are already inflated with the amount of black…
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Posted in Loans
Home Loan Teaser Rates
While there’s a race for grabbing a large share of the home loan market through ‘teaser’ rates by banks, the government today warned that such schemes could land borrowers in financial distress. “…Borrowers with low financial means may get attracted…
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Posted in Loans
How I Made Rs 1,27,535 in One Day!
I saved myself that amount of money by making an informed decision about my home loan. Along the process of making an informed decision on my home loan, I learnt that paying 10% rate of interest is better than paying 8.75%. It’s a pretty unique situation of mine that makes it TRUE!!
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