Date: 2008-09-29 13:28:29
Message:
City: Mumbai
Employement Status: Salaried
Date of Birth: 12-03-1981
Earning Members: 2
Dependants: 2
Net Salary: Rs. 8000
Assets
Property: Owned
Vehicle: Do not own
Other Assets: Owned
Loan Details
Loan Type: Personal Loan
Loan Amount: Rs. 75000
Tenure: 60
Emi: 2275
ROI: 13
Emi Paid: 2275
Loan Type: Personal Loan
Loan Amount: Rs. 180000
Tenure: 84
Emi: 3638
ROI: 13
Emi Paid: 3638
Card Details
Payment Due Status: M A D
Outstanding on Card: 0
Query: I have a personal loan outstanding for Rs.255000/-.I have taken the loan from two different banks.I want to repay these loans and consolidate my loans from one bank only.Can i take a loan from any other bank to repay these loans.I want to pay a lower emi.Please Suggest.
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Date: 2008-09-29 14:20:56
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
www.deal4loans.com
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Date: 2008-09-29 14:33:24
Message:
No i do not have any Assets that i can Mortgage to improve my cash flow situation?
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Date: 2008-09-29 15:33:42
Message:
You should ideally have a total emi commitments only upto 50-60% of your net income. You can ask for supplementary income from your family members to improve your cash flow.
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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