26-08-2015

Should you go in for debt consolidation?

Debt consolidation happens when multiple loan and debts are clubbed to arrive at the total figure a borrower owes to different banks or credit cards. It is normal for someone to have different types of loans today - personal, car, and education among others. Similarly, one may tend to accumulate unpaid balances on multiple credit cards and it may struggle to pay it off completely. ..read more..

21-08-2015

Should one change one's bank in the middle of home loan tenure?

The interest rates on home loan are generally between 9.5 per cent and 12 per cent and switching to lower interest rate ensures good savings. Watching a major chunk of your salary being eaten up by home loan EMI is quite depressing. ..read more..

19-08-2015

Finding it difficult to repay your home loan? Here's what to do to avoid a possible default

Home loan is a long-term contract between you and your bank. For, loan repayment can take 10 to 20 years and even more. Given the size of the EMI (equated monthly instalment), which may vary from 25-50% of your monthly take-home salary, it is quite likely that you may land up in a situation where you may not be able to repay your home loan. ..read more..