Avoiding Debt Traps 2- Do I need a Personal Loan ?
Posted August 3rd, 2008 by adminThis is 2nd in my series of articles on how to avoid Debt Traps. In the first one I had talked about how to use Credit cards wisely. I now switch my focus to the next most popular debt instrument- Personal Loans.
Personal Loans have seen a very rate of take-up till about 4-5 months back and this was the growth driver for most Retail banks.
Rate of interest on Home loan
Posted November 21st, 2008 by MildredDate: 2008-09-01 10:09:18
Query : I have a home loan with ICICI taken in Year 2004. Loan amount is Rs.20 lacs. Fixed rate of interest @ 7.5 %p.a. I have taken this loan for buying a flat in an apartment. This flat has appreciated in value many fold. I would like to buy a row house by disposing the flat. However, I am worried about rate of interest as I had opted for fixed rate of interest of 7.5%. Is there any option wherein I can protect the rate of interest I am presently enjoying with the bank? If so, pl. advise.
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Need to consolidate all my personal loans
Posted November 21st, 2008 by MildredDate: 2008-08-29 19:41:05
Query : PRESENTLY I AM PAYING 18 BANK EMI AMOUNT 4 LACS PER MONTH LAST TWO MONTH I AM NOT PAYING ANY EMI DUE TO BUSINESS LOSS I WANT TO PAY SINGLE EMI FOR ALL MY LOANS.CONSOLIDATE OF 18 BANK IS IT POSSIBLE.
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Date: 2008-08-31 12:18:35
Message:
Do you have any assets you can leverage / mortgage / liquidate to improve your cash flow situation ?
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
How do I clear my EMI's on my Credit card
Posted November 19th, 2008 by MildredDate: 2008-08-28 12:02:49
Query : i have converted credit card purchases to EMIs almost all the emis are cleared. i have purchased gold worth rs. 1 lac. pl. advise what i have to do
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Date: 2008-08-28 16:42:04
Message:
I am not able to understand your question. Can you please clarify.How can I help you?
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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I have 2 personal loans and credit cards dues
Posted November 19th, 2008 by MildredDate: 2008-08-26 18:12:18
Query : I have 2 personal loan running of EMI 3693 & 3102. I have Credit card debts of Citibank - 51000, DB Bank - 31000, ABN Amro 10000, HDFC - 31000. I paying minimum amount for all my credit card... The interest rate is high... I want to consolidated my credit card debts into one as single one... Kindly help me... Banks are not providing loan as I already have 2 loans running... Please help me
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Date: 2008-08-27 13:49:17
Message:
have multiple personal loans running.
Posted November 19th, 2008 by MildredDate: 2008-08-25 20:09:54
Query : i want to convert into single loan which 's EMI should be less than the current EMI'S & with less interest rate.
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Date: 2008-08-26 10:10:17
Message:
To help me prepare a personalised debt consolidation plan for you, I need the following information from your end.
Initial Loan Amt |Tenure|Rate Of Interest|EMI|No of EMI Paid
Loan 1:
Loan 2:
You will also need to list your Credit Card outstanding and Net Income.
Looking forward to your response on this.
Have multiple personal loans running
Posted November 17th, 2008 by MildredDate: 2008-08-26 16:55:22
Query : I have multiple loans going on and credit card outstanding bill to be paid,
I request you to give me some idea on Debt consolidation plan for reducing my debt.
thanks
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Date: 2008-08-26 17:15:20
Message:
To help me prepare a personalised debt consolidation plan for you, I need the following information from your end.
Initial Loan Amt |Tenure|Rate Of Interest|EMI|No of EMI Paid
Loan 1:
Loan 2:
Want to transfer my existing home loan to another bank
Posted November 11th, 2008 by MildredDate: 2008-08-22 11:00:57
Query : loan take over with low intrest
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Date: 2008-08-22 12:52:12
Message:
I am not able to understand your question. Can you please clarify.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
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Date: 2008-08-25 13:23:26
Message:
I have 2 perosnal loans & huge credit card outstandings
Posted November 11th, 2008 by MildredDate: 2008-08-19 19:10:30
Query : hi sir,
I have totaly lost control over my finances in last 4 months as i was without job, but got a job now. I have 2 personal loan details are as follows:-
Initial Loan Amt |Tenure|Rate Of Interest|EMI|No of EMI Paid
Loan 1: 100000|36|18|16
Loan 2: 100000|48|22|11.
Credit card 1: Rs. 52000
Credit card 2: Rs. 70000
Credit card 3: Rs. 50000
Credit card 4: Rs. 60000
Credit card 5: Rs. 50000
Net Income: Rs. 240000
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Date: 2008-08-20 12:16:24
I have 2 perosnal loans & huge credit card outstandings
Posted November 11th, 2008 by MildredDate: 2008-08-19 19:10:30
Query : hi sir,
I have totaly lost control over my finances in last 4 months as i was without job, but got a job now. I have 2 personal loan details are as follows:-
Initial Loan Amt |Tenure|Rate Of Interest|EMI|No of EMI Paid
Loan 1: 100000|36|18|16
Loan 2: 100000|48|22|11.
Credit card 1: Rs. 52000
Credit card 2: Rs. 70000
Credit card 3: Rs. 50000
Credit card 4: Rs. 60000
Credit card 5: Rs. 50000
Net Income: Rs. 240000
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Date: 2008-08-20 12:16:24
