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Name: hardeep saini
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What is a loan against fixed deposits?

When you invest in a bank fixed deposit, you can easily get a loan against it without having to break it. This is related to a personal loan. However, the loan is structured as an overdraft facility against your fixed deposit. In case of a company deposit, you can borrow after three months of investing. […]

How price increases affects home loan rates

Inflation is a buzzword you hear almost everyday. In India , the broad-based inflation rate is published every month, based on the Wholesale Price Index (WPI). The WPI measures the prices of a basket of goods and services, and the inflation rate is the percentage rise in the WPI during a given month. The other […]

Housing demand to be blow on rates hike

Housing demand will be affected if there is further increase in the interest rates for home loans and property prices, a top official of global realty consultant CB Richard Ellis (CBRE) “The residential sector is doing fairly well at the moment. There is good end-user demand,” CBRE South Asia Chairman and Managing Director Anshuman Magazine […]

Credit card common criticism

(a) Late statements/bills: In a scenario where the onus of making timely payments lies with the customer, receiving monthly statements/bills late should not be overlooked. Delayed payments attract an interest penalty of 2.95 % on the billed amount. (b) Harassment by the card-issuing bank: Bank executives call on the pretext of increased the credit limit […]

Mutual funds pay extra to banks for exclusive sales

Asset management companies (AMCs) are paying a higher upfront fee to distribution subsidiaries of foreign and private banks nowadays to drive ‘exclusive sales’ of their schemes, mainly equity. This commission is in addition to the upfront and annual trail fees that mutual funds pay distributors for selling their schemes, said top AMC officials. AMCs are […]