Joint ownership: Joint Ownership means purchasing the property with somebody else. This process can make the buying process easier, for example buying with parents or brother can actually ease the financial pressure. If someone is the co-owner of the property in question, it is necessary that he/ she also be the co-applicant for the home loan. If you are the sole owner of the property, any member of your immediate family can be your co-applicant. This will reduce the burden on home loan. Also, both the partners can avail income tax benefits on your home loan. But remember relationships can change and circumstances alter, so you might want to get legal advice before deciding which type of ownership is right for you. … [Read more...] about SWOT Analysis in Home Loan & Its Benefits
State loans for small business
If you lose your job or if there is salary cut initiated by your employer, stop or reduce using credit cards for day-to-day transactions. Kapoor cautions, “Regular use of credit cards with no income due to job loss or cut in income will lead to increase in credit card outstanding month-on-month. Carrying forward these outstanding amounts by paying only the minimum amount will lead to a vicious debt cycle.” Annually, you will pay an interest of 36 to 42 per cent per annum on the outstanding balance. … [Read more...] about Defaulted on loans? Follow these steps to get out of a debt trap
But remember, the lender’s internal limit of 40 per cent as EMI cap may not be realistic for everyone. For example, if you earn Rs 1 lakh and have expenses of Rs 30,000 a month, then you can easily go for a loan with Rs 40,000 EMI. But for someone with the same Rs 1 lakh salary, but having Rs 75,000 in expenses, will find the Rs 40,000 EMI unaffordable. … [Read more...] about Home loan: How much can you afford?
India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy. … [Read more...] about India overtakes UK & France to become 5th largest world economy, says report
Real estate is one of the preferred vehicles for people who are looking to hide money or launder money or whisk money out of countries where it’s not safe to keep it. And Trump is a real estate guy and has done business over the years with a lot of people who fit those characteristics. Back in the mid-2000s, a role that Deutsche Bank played for Trump was helping him find investors, including a bunch of wealthy Russians and people tied to the Kremlin, to invest in or purchase condos in resorts that he was planning or that his name was going to be on. Look, that is kind of what banks do and it’s kind of what wealthy Russians do, but the way it was being done definitely raised some concerns among some executives. Trump is a guy who has worked with organized crime figures in the past. He’s doing business with a lot of people and institutions and countries that are sources of flight capital, and there are big money laundering risks associated with doing business like that. … [Read more...] about The journalist who revealed the secrets of Trump’s relationship with Deutsche Bank