Recently SBI Bank launched one more home loan product called SBI FlexiPay Home Loan. This loan feature seems to be attractive. However, how dangerous it is?Let us first discuss the feature of this home loan.Under this home loan, you will be eligible to receive 120% more than regular home … [Read more...] about SBI FlexiPay Home Loan-What is new and why should you avoid it?
Credit is an integral part of our life today and our dependence on credit is becoming increasingly important to achieve our financial goals. Whether it is buying a house, a requirement of money in case of an exigency or funding higher education in the context of an individual or raising funds for … [Read more...] about Why you MUST know your Credit Score?
In my last post, I wrote about the SBI Max Gain Home Loan scheme features, benefit, advantages and disadvantages in detail. In this post, I try to focus on the differences between an SBI MaxGain Home Loan and Regular Home Loans.Before proceeding further, I summarized the earlier post into a … [Read more...] about Difference between SBI MaxGain and Regular Home Loans
You have a home loan of Rs.1 Cr and suddenly you receive the cash of Rs.30 lakh and want to reduce your home loan liability by depositing it. However, the chances are that you may need this Rs.30 lakh after one year. In this case, how to optimize this Rs.30 lakh? The regular loans will not provide … [Read more...] about All about SBI MaxGain Home Loan Scheme features and benefits
There was huge expectation before Budget 2015 that Modi Govt will bring moon to all of us. Few created big lists of expectation. However, all were disappointed when the much awaited tax slabs not changed. So let us see what the changes are proposed in this Budget 2015 and how they affect your … [Read more...] about Budget 2015-20 Changes that affect your Personal Finance
In this year's budget Finance Minister raised Sec.80C limit from existing Rs.1,00,000 to Rs.1,50,000. With this great news, plenty of people felt happy as they can save more tax outgo. But there are so many pitfalls which one need to take care before blindly investing another Rs.50,000. So whether … [Read more...] about Section 80C limit raised to Rs.1,50,000-Boon or Bane?