Date: 2008-05-30 17:51:58

Query : i want to consolidated all loans make single premium
------------------------------------------------------------------------------------------------------------
Date: 2008-05-30 18:17:58

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

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: 2008-05-29 07:08:03
Query : Sir,

I am terribly upset in paying these EMI's. I feel it would be better to consolidate and pay a single EMI for various loans.

i have availed the loans at the following rate of interest.
Rs.99000 @ 15.5% flat
Rs.80000 @ 20% diminishing