Apr
21
Mortgage loans is the concept where a person takes a house loan, and then gradually repays the loan over a period of time. However, some years back another concept got introduced in the consumer market in India, which was meant to also provide a measure of succor to senior citizens when they needed money. 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 [...]
May
6
Bank drop boxes don’t always work
May 6, 2008 | Leave a Comment
We have come to regard bank drop boxes as a great extension of the branch; dropping checks, payment, check book requirements, and similar requests into these drop boxes. For credit card payments, where the required date is very close or even today, it seems like we can just drop the check in the drop box [...]
Mar
2
Buyers must be told about loan rate changes
March 2, 2008 | Leave a Comment
Financial matters, especially the intricacies involved with loans, rate changes, floating vs. fixed, etc can be very confusing to most people; and it seems that banks play on that. People had taken loans induced by the cheap rates that were being offered, and since floating seemed all the more attractive, many floating rates were taken [...]
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