Query:-I am an employee of Software Company and earning Rs.40, 000/ per month. I want to apply for a home loan of 18, 00,000. For 15 yrs. Please guide me correctly about various bank options. What would be the interest rates? And EMI details.
This 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 high rate of take-up till about 4-5 months back and this was the growth driver for most Retail banks.
Date: 2008-05-28 15:57:54
Query : want to reschedule in a single installment
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Date: 2008-05-28 16:47:54
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.
Best Regards
Amitoj Sethi
www.deal4loans.com
- Are you caught in a debt trap?
- Are you unsure about how to manage loans/credit cards?
- Are you clueless about how to reduce your EMIs on multiple loans/cards?
If you need any help - feel free to ask our Loan Guru- Amitoj
Masters in Marketing from JBIMS, Amitoj has worked with Citibank for more than 9 years in the areas of Operations, Credit, Sales and Marketing.
He has more than 4 years of exposure to Personal Loans and more than 3 years to Credit Cards in the areas of product development, acquisition channel enhancement and credit underwriting.
He is the resident Loan Guru at www.deal4loans.com and has been addressing customer queries on loans and credit cards for almost a year now.