Apr
13
Choosing the right bank or financial institution while taking a home loan: Some tips
April 13, 2010 | Leave a Comment
So the decision for buying a new home has been made, and your family is all excited about finally getting your new home. Chances are that you will not have the money to pay the whole amount of the house, and will need to borrow money for the loan (and it gets you a tax [...]
Apr
3
Bank fined for losing the property papers of a consumer, decision by National Consumer Forum
April 3, 2010 | Leave a Comment
When you take a loan from a bank or a financial institution for the purpose of a house or a loan, the bank or institution would want to ensure that its ownership is retained till you pay off the loan fully. So, if you have taken a car loan, the RC papers says that the [...]
Mar
5
Prepayment penalties imposed on banks when people try to clear off their loans early – no resolution
March 5, 2010 | Leave a Comment
If you have taken a home loan, then you wonder at the huge amount of loan outstanding, as well as the number of EMI’s that have to be made (these EMI’s could be large sums of money that would go over many years, possibly over a decade or more); but it is worth it if [...]
Oct
12
Banks setting limit on withdrawal from other bank ATM’s
October 12, 2009 | Leave a Comment
On April 1, 2009, the RBI brought in a move that was supposed to remove the restrictions on using the ATM’s of other banks. Before this move, if you wanted to use the ATM of some other bank, then it would cost. These would include a direct to the customer for checking account balance, or [...]
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