•Vimal Vijayan is a major in Philosophy with a background in Music, Artistry, Research, and Teaching. More often than not, he is as confused as a cow on an astroturf but oddly that's just his strategy for staying lazy. Also, he likes to play Chess. Fin.
Homeowners need to pay off their mortgages. This means repaying the loan amount and interest to the lender over a specific duration. A repayment plan usually involves monthly payments, often called a mortgage or loan amortisation schedule. Payments include two essential parts: the principal, the sum you borrowed, and the interest, the cost of borrowing that sum from the lender.…...
Loans are pivotal in business strategy, allowing you to leverage financial resources to expand and diversify your portfolio. In real estate development, using loans isn't just about the necessity of capital. It's about optimising cash flow management and enhancing the potential for project scalability. A home loan or mortgage is primarily used to purchase an existing home and usually involves…...
Loan Against Property or a property loan is a financial assistance tool available with an immovable asset or real estate as collateral. This secured loan can be used for myriad reasons instrumental in wedging your financial gaps. Individuals often rely on their bank savings to meet different financial needs, but it is always prudent to use external assistance and not…...
Composite loans have become a popular option for homebuyers in India looking to purchase a property. These loans combine the benefits of a home loan and a personal loan, allowing borrowers to finance their entire property purchase, including ancillary expenses such as registration fees, stamp duty, and other charges. This type of loan can be especially helpful for first-time home…...
RBI's New Hedging Rule Expected to Slash India's Currency Derivatives Trading by 80% The Reserve Bank of India's (RBI) new regulation requiring exchange-traded rupee derivative transactions is expected to cause a dramatic plunge in trading volumes. According to industry experts, the decline can be more than 80%, potentially crippling a significant segment of the Indian forex market. Implemented on April…...
Have you ever found yourself lost in the labyrinth of financial terms and credit jargon, with 'credit appraisal' adding to your baffling list? Well, consider this your lifeboat in the tempestuous ocean of banking terminologies. What is credit appraisal, you ask? It's nothing short of an economic detective story where the protagonist, the lender, embarks on an analytical journey to…...