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MESSAGE BOARDAsk Amitoj |
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| By Customer on January 7, 2008, 4:00 pm |
| I am planning to buy land for residential purpose in Pune Municipal Area. Can i get loan from any bank for land purchase, if yes which ? |
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| Reply |
| on January 8, 2008, 9:41 am |
| Banks do not lend money for purchase of land. |
| Regards |
| Amitoj Sethi |
| Thank You Note |
| Thanks Mr. Amitoj for your prompt reply. |
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| By Customer on January 1, 2008, 1:20 pm |
| i have to take Home loan with joint name of my wife, and her salary is near about 2,25,000/- per annum. so can u tell us how we r planing for loan , savings and build a great future for our kids. |
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| Reply |
| on January 3, 2008, 4:49 pm |
| Your combined income (wife + yours) is Rs. 3.65 lacs per year. That gives your family a gross income of about Rs. 30,000 per month. I would recommend that you do not take a home loan which is greater than 14 lacs. The EMI for this loan @ 10 % for 15 years will be Rs. 15,044.
For the first couple of years, this will not leave much surplus available for spending, but after that, as your income goes up, the EMI stays the same, invest able surplus should be generated.
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| Regards |
| Amitoj Sethi |
| Thank You Note |
| Thank A lot sir!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
i will definitley follow ur advice.
now how do i plan for my savings or investments for the futrure planning. as per the same details of our salary.
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| By Customer on December 28, 2007, 6:35 pm |
| I want to consolidate all my debts , creditcards and persona loand, I'mreally frustrated..can any bank do a debt sonsolidation for me please...Credit cards are making me stay awake at night, their collections calls etc., however on 95% loan I am regular...Please help.... |
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| Reply |
| on January 2, 2008, 5:37 pm |
| First of all stop using your Credit cards and start using Debit cards
if managing cash is a hassle.
Also do check with the bank where you have the salary account so they
can give you a personal loan.
With that Personal loan please pay your credit cards dues to maximum.
This would help to reduce interest costs.Do check with Citifinancial
they have one Debt consolidation scheme which might help you.
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| Regards |
| Amitoj Sethi |
By Customer on December 28, 2007, 6:35 pm |
| Thanks for your advise..
I alreday have stoppd using my credit cards it's almost 6-8 months now ,
I don't use any of them owever keep paying..
I use to have a citifinacial loan which I paid off in full 3 months
ago...much before the term period..will this help me to get nother loan
from them.
The track record was pretty good there, but due to he high interest rate
I paid it off in full Please re-advise..
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| Reply |
| Yes you should get in touch with Citifin and also Barclays for a personal
loan.
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| Regards |
| Amitoj Sethi |
| Thank You Note |
| It's really great to know that people like you are there trying to help
others really appreciate this..I'll definitely talk to citifin tomorrow
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