City : Pune
Employment Status : Salaried
Annual Income : 285000
Type of Loan Running : Yes
Loan Running : pl, cl,
EMI Amount : 15160
Tenure : 60
ROI Loan : Yes
EMI Paid : Less than 6 months
Credit Card Holder : Yes
Amount Due : 13000
Loan Running on Credit Card : No
Residential Status : Rented
Vehicle Owned : 4 Wheeler
Query : i have 2 different loans..one personal loan from hdfc 1.85 lakhs(tenure 48 months)..EMI is 5010.I have taken a 4 wheeler also(swift VDI) whose emi i pay is 10150(tenure 60 months).I also have other expenditure of around 12000(rent plus i hv bought a small plot on EMI 2000 per month plus i send some money home also).My salary is around 21000 in hand..plus i have credit card bills in the range of 13000.Plus i have borrowed 30000 from my ready credit facility of citibank.I m doin small business(m doin netwirk marketing, also whose income hovers around 10000 per month..but currently i am spending much more to earn this income.How do i manage all this now.m thinking of taking loan of 60000 to pay citibank n credit card which will mean additional burden of 1700 on my salary(m an engineer working with IBM iNdia pvt ltd).Help me out please..
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Date: 2008-04-29 00:04:22
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
Loans by choice not by chance !
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Date: 2008-05-05 09:47:01
Message:
loan 1:personal loan
loan amt:185000
tenure:48 months
rate of interest:13.5
EMI:5010
No of EMI paid:4
loan 2:car loan
loan amt:around 5lakh
tenure:60 months
rate of interest:11.5
EMI:10155
No of EMI paid:4
credit card outstanding is:13000
net income:20700 per month
i also have taken 40000 from my citibank ready credit account.
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Date: 2008-05-05 11:47:13
Message:
Do you have any assets you can leverage / mortgage / liquidate to improve your cash flow situation ? Also what is the rate of the ready credit account ?
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !
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Date: 2008-05-05 14:40:23
Message:
No sir,i dont have any assets as such.ROI on ready credit is 2%per month & they deduct 5% of the principal amount every month from my salary account which is with citibank only.
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Date: 2008-05-05 17:14:02
Message:
Sir,whats the procedure if i think of returning the car to the company?do i need to pay further amount?i will be directly saving 10155 rs per month.After some yrs when i become financially strong,i can buy another car?please help me by clarifying my doubt.
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Date: 2008-05-12 19:52:44
Message:
You will need to sell your car independently and repay the bank for the amount outstanding. Once you close the loan, you will not need to pay the EMI.
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !