Date: 2009-07-04 00:49:19
Name: Babu

Message:

City: Bangalore
Employement Status: Salaried
Date of Birth: 17-01-1975
Earning Members: 2
Dependants: 1
Net Salary: Rs. 80000
Assets
Property: Rented
Vehicle: Financed
Other Assets: Owned
Loan Details
Loan Type: Personal Loan
Loan Amount: Rs. 530940
Tenure: 60
Emi: 8890
ROI: 8
Emi Paid: 6

Loan Type: Personal Loan
Loan Amount: Rs. 312000
Tenure: 48
Emi: 10646
ROI: 14
Emi Paid: 20

Loan Type: Personal Loan
Loan Amount: Rs. 228000
Tenure: 48
Emi: 5730
ROI: 9
Emi Paid: 40

Loan Type: Personal Loan
Loan Amount: Rs. 252435
Tenure: 48
Emi: 6960
ROI: 14
Emi Paid: 24

Loan Type: Twowheeler Car Loan
Loan Amount: Rs. 360000
Tenure: 60
Emi: 7050
ROI: 9
Emi Paid: 58

Card Details
Payment Due Status: Full Payment
Outstanding on Card: 120000

Payment Due Status: Full Payment
Outstanding on Card: 69000

Payment Due Status: Full Payment
Outstanding on Card: 240000

Payment Due Status: Full Payment
Outstanding on Card: 280000

Query: would like to come out this debt and need a consolidation. right now I am paying around 80K per month to various bank for total debt of 17 lakhs as of today and would like to clear it off by getting proper repayment option.

Date: 2009-07-06 17:30:34

Message:

Dear Babu,

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

Insurance- www.BimaDeals.in
Loan Gurus tips- www.AskAmitoj.com

Date: 2009-07-11 09:20:50

Message:

I own 4 wheeler for which I have cleared all my EMI, current market price is around 2 lakhs. Other than this don't have any assets
Date: 2009-07-13 17:20:16

Message:

Dear Babu

A top up on your 4th Personal Loan would be beneficial as you can take a loan up to 1,00,000 on it.With the loan amount pay your credit card outstanding either on your first card or second.

For any query regarding the above answer please revert.

Please revert with any clarifications on the above answer.