HDFC Home Loans in Demand Inspite of Higher Interest Rates

The HDFC home loan sector had earned a profit of Rs 844.53 crore during the first quarter that ended in June 2011 which was quiet high in comparison to the figures of previous year amounting to Rs 694.59 crore. These figures of profit were attained when the interest rates were quiet high and the demands […]

Switch your home loan from BPLR to base rate is beneficial

How will shifting help? If you had applied for a home loan before 1 July last year and it hasn”t been renewed since then, in all likelihood, the interest on your loan is still based on BPLR. It has now been a year since the Reserve Bank of India directed banks to move from the […]

6 points to sweep facility in bank accounts

1)       The sweep facility is provided by banks to merge the benefit of liquidity offered by a savings account with higher returns provided by a fixed deposit (FD). 2) Investors can open a savings account and have a fixed deposit linked to it or vice versa, that is, open a fixed deposit and link it […]

Plan for extra costs before buying a flat

Why does the payment schedule of your house read different from the figure you had in mind? Most probably because you have done your mental calculation by just multiplying the total area with the cost per square foot. However, the total cost of your flat is not just a function of the total square feet […]

You need fairness exposure for your child’s education

I have investments in traditional policies, post office recurring deposits (RD), Kisan Vikas Patra (KVP), fixed deposit (FD) and Public Provident Fund (PPF). I have no loans and have my own house. I have no equity exposure and don’t have a term cover. I have health covers for R5 lakh each for my spouse, child […]