Date: 2008-07-23 16:46:10
Query : Have loans & card outstanding.
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Date: 2008-07-24 14:41:05
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
www.deal4loans.com
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Date: 2008-07-25 11:08:27
Message:
Sir,
Thanks for showing your interest in my query.
I have a Personal Loan from 4 Banks, detail as below
Prime Financial - EMI 1500/-
ICICI - EMI 3500/-
Fulletron - EMI 1676/-
HDFC - EMI 1910/-
Now a days it is getting difficult to me to pay the EMI to everyone. So I have to convert all 4 in One EMI for that I want some help from your side.
Your kind response highly appreciable.
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Date: 2008-07-25 13:30:28
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.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-07-25 15:48:28
Message:
Dear Sir,
BANK EMI LOAN AMT ROI EMI PAID
Prime Financial 1500 30000/- 28% 14 MONTHS
ICICI 3500 100000/- - 11 MONTHS
Fulletron 1676 32000/- 28% 11 MONTHS
HDFC 1910 50000/- - 5 MONTHS
I m not holding any Credit Card of banks and my net Income is 17500/-
Looking for your response.
Regards,
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Date: 2008-07-28 11:33:05
Message:
Could you help me with the tenure for the loans taken.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-07-30 13:16:34
Message:
Dear Sir,
All for 32 Months
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Date: 2008-07-31 17:22:00
Message:
Your monthly net take home is Rs. 17,500 (including quarterly allowances)
Your monthly EMI commitments is Rs. 8,585 (assuming 5 % payment on credit card balance)
Based on the data provided, your eligibility for top-ups is as listed below
Principal Tenure Rate of Interest EMI EMIs Paid Principal Balance Top-up Available
Loan 1 30000 32 37.68% 1499.568526 14 20382.32165 9617.678351
Loan 2 100000 32 8.42% 3499.856312 11 68116.99251 31883.00749
Loan 3 32000 32 41.88% 1675.919757 11 24655.84492 7344.155081
Loan 4 50000 32 15.18% 1909.757654 5 43450.08178 6549.918222
My recommendation to you is as follows
a. Opt for a top-up on loan 2. This should generate liquid cash to the extent of Rs. 30,000 without any change in your monthly outgo, but your tenure will increase.
b. If the loan provider is able to offer a top-up with an enhancement, please take up the offer. There will be an increase in the EMI in this case.
c. Use the Rs. 30,000 to pay off you loan 3 as this loan is at 41 %.
d. This should bring down your monthly EMI commitments by about Rs. 7085
You should ensure that all additional income is ploughed back to ensure that your debt is reduced. Please regulate your expenses and get into a habit of saving a portion of your salary every month. Prudence in expenses is the only trick to stay out of debt traps.
Do get back to me for any clarifications on your personalised debt consolidation plan.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-08-02 10:12:44
Message:
Dear Sir,
Many thanks for your suggestions.
I will try to take up the Top Up and let you know.
What i m thinking I will take a Fresh Loan from the Private Finance and clos all four loan and pay only one EMI to the bank. Can you help me in this plan, pls
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Date: 2008-08-02 15:50:15
Message:
If you plan to take a loan through private lenders make sure that the interest rate is not more than what you are paying currently for your existing loans. We do not have tie ups with private finance company's
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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Date: 2008-08-05 15:40:37
Message:
Dear Sir,
Noted with thanks please revert if you have any good
rapo with the banks from where i will get a loan on ur
ref.
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Date: 2008-08-06 13:42:50
Message:
Please post your requirements on www.deal4loans.com and representatives from various banks will get in touch with you.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
www.deal4loans.com
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City : Mumbai
Employment Status : Salaried
Annual Income : 234000
Type of Loan Running : Yes
Loan Running : pl,
EMI Amount : 6000
Tenure : 28
ROI Loan : Yes
EMI Paid : 9 to 12 months
Credit Card Holder : No
Residential Status : owned
Vehicle Owned : 2 Wheeler