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FINANCE TIP OF THE DAY
Can you afford your loan?!
Know the quantity of loan you can afford. The banks may sanction loan based on your income but you should look at your monthly expenditure and see if you can afford the maximum that banks offer. As a thumb rule, remember not to let your credit exceed 40% of your income!
Search Results for: office space
Usage of branch banking reduces
With increasing usage of technology in the banking sector, the use of branches is falling. Banks can now lower the cost incurred towards rentals and use it elsewhere. Bank of Baroda has achieved it by giving up over 2 lakh sq ft of space rented in the past 2 years. M D Mallya, chairman and MD of BoB said, “Wherever the space available is abnormally large, we are surrendering a part of it”. The country’s biggest lender, th…
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What’s a top up loan!
…d rode a trendy power bike to work, which was always parked under the stairway that went up to her 5th floor apartment. She eventually moved office and upgraded to a gorgeous looking small car. Then she had a problem! Parking Space!!. She figured she needed to buy that additionally apart from her apartment cost. She wished to take a loan to cover the cost of purchasing a parking slot. How can she go about this? Are you stumped like Vinita wanting…
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2009 for Non Banking Financial Companies in India
…oping economy like India always craves for financial resources. Demand for credit is great and often organized traditional financing institutions (like banks and financial institutions) do not meet such demand thus creating a space for other types of financing. Money lender is an age old institution filling such space. Opening up of economy gave a further boost to the demand for credit. At this juncture, NBFCs (Non-Banking Financial Company), whi…
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Home loan lender SBI plans to utilize its technological platform
…T (State Bank of India), said, “Technical assessment is under process for the proposed integrated hub and soon we would go for request for proposal (RFP) for the same”. He said, “We want to free the branch space and branch time of the bank through the proposed hub. It will further help us use the staff working at the branches for space marketing”. Get the best deals on loan offers Home loans Personal loans Car loans So…
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Andhra Pragathi Grameena Bank – Advances to Real Estate Sector
Purpose: The loan is granted for the purpose of acquisition of land, site, plot and/or construction of dwelling apartments or office space with an intention to generate income by selling the same and clearing the loan out of such sale proceeds may be classified as Real Estate Advances as follows: Advances to Buildings Advances to property developers Advances for construction of housing/office/ commercial complexes, shops, flats, dwelling units/…
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G-Secs may no longer provide fixed returns!
The good news is that, talks are being held in order to propose a hike in the PPF limit of up to Rs 1 lakh. The committee has also proposed to do away with the Kisan Vikas Patra (KVP) since there are multiple products in the space and KVP only serves the thrift needs of small investors. For NSCs, two tenors of five and 10 years have been proposed, up from a single tenor of five years. In order to align the postal savings deposit rate to the bank…
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How can you benefit from a top up loan?
…quick source of funding for this. Meanwhile Vineet’s cozy property increased four times its original value due to the rapid development in the past seven years in his area, with a multiplex, a mall and skyscraper office spaces were all around him. Eventually it struck him that the money he needed was well within his reach. Yes, you see the connection, we are talking about a top up loan here. Top up loans are a boon to people who are in urge…
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Posted in Home loan tips, How To, Loans
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IT sector propels realty
…siness Standard, DLF Group executive director Rajeev Talwar reported that the company has seen a rise in number of enquiries from the IT sector during the quarter ending March. The company has seen a rise in demand for office space with the area of 25,000-30,000 sq ft from the IT sector. It expects the demand to go up over the next couple of months. Santosh Kumar, CEO (operations) of a major property consultant Jones Lang LeSalle Meghraj says tha…
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Yes Bank has planned to seal loan selling deal with HDFC
… already engaging with potential partners in equipment loans and micro loans which are “not necessarily” microfinance. He added saying that Yes Bank will be looking for partners in the commercial vehicle financing space, and that the bank is better off being a distributor rather than a manufacturer. He said that the under any kind of tie-ups, the bank has a risk- sharing arrangement with the partner which can be either 50:50 or vary….
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Letter to the Finance Minister from a salaried employee!
…e do not think that I am asking for these jumps in the tax benefits slabs out of greed. I am only bringing to your notice the current reality of high costs. Even if we buy a house with 2 bedrooms and 850 square feet of usable space (1000 square feet is what my builder bills us for), we have to spend about Rs.30 lakhs. If we take a loan for Rs.25 lakhs, we will be higher than the current Rs.1.5 lakhs slab for the housing loan interest benefit. Se…
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Posted in Union Budget 2012
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