City : Bangalore
Employment Status : Salaried
Annual Income : 264000
Type of Loan Running : Yes
Loan Running :
EMI Amount :
Tenure :
ROI Loan : Yes
EMI Paid :
Credit Card Holder : Yes
Amount Due :
Loan Running on Credit Card : No
Residential Status : Rented
Vehicle Owned : 2 Wheeler
Query : Hi,
As I have mentioned above, I have accumulated around 250000 of dues on credit cards and loans. The total payment I am making every month comes to around 15000 to 16000. This leaves me with very less money for my other expenditures. I am looking for a loan to close my credit cards and to combine some of the loans in such a way that the monthly load on me is lesser. Up to 10000 a month as EMI is perfectly fine by me. Please suggest if it is possible to get this amount in any way.
Thanks and Regards,
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Date: 2008-04-24 10:04:47
Message:
Dear Customer
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
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Date: 2008-04-24 14:37:23
Message:
Loan 1 (Educational loan for NIIT through citibank):
Initial loan amount: 1,20,000 (approx) Taken in 2001 September
Still remaining : 70,000
This is a big issue. The initial plan was Rs. 1016 for 3 years followed by Rs. 4026 for 4 years. They dropped it to Rs. 3009 instead of 4026 on their own. I assumed the interest was lowered. But now, after the end of loan tenure, 70,000 is remaining and needs to be paid ASAP
Loan 2 (Two-wheeler loan):
Initial amount: 60,000 (approx) Taken in March 2006
still remaining: 22,000
EMI: Rs. 2068 (this gets over March 2009)
Loan 3 (Personal Loan):
Initial amount: 50,000 Taken in Jan 2008
Pending: 37,600
EMI: Rs. 4700 (Approximate amount, actual amount between 4600 and 4700)
CREDIT CARDS:
ICICI: Total due 55,000 (20000 in statement + 35000 which is converted to EMI)
I pay Rs. 3500 to Rs. 4000 monthly as minimum due.
HSBC: 35,000
I pay Rs. 3000 to Rs. 3500 as minimum due
HDFC: 7500
I pay Rs. 500 to Rs. 1000 as minimum due
Citibank: Total required 50000
Rs. 20000 is amount and 30000 is a loan through credit card.
I pay Rs. 2500 per month as Minimum due.
Total expense per month:
2068 (bike)+3500 (HSBC)+4000(ICICI)+700(HDFC)+4700 (personal loan)+2500 (Citibank)= Rs. 13,068.
My net income per month is Rs. 19,500.
After paying the above mentioned amounts and my rent etc. I am left with no money at all. Though most of these amounts will get over in a year or two, this is adding a lot of pressure on me currently. Hence I am looking forward to collating these together and extending the repayment period.
Also, the immediate payment of Rs. 70,000 towards educational loan is of importance.
Thanks and Regards,
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Date: 2008-05-05 11:26:53
Message:
Dear Customer,
Do you have any assets you can leverage / mortgage / liquidate to improve your cash flow situation ?
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !
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Date: 2008-05-05 17:17:20
Message:
My dad owns a flat (worth approx Rs. 35,00,000) in Pune and a piece of land (worth approximately 7 to 10 lakhs) in our native place in Kerala. But both are in my Dad's name. So, this is again a problem. Leveraging/mortgaging is not an option I have.
Date: 2008-05-10 00:33:30
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Message:
Dear Customer,
I cannot think of any apporpriate solution for your case.
I am sorry for not being able to assist you any further.
Best regards,
Amitoj Sethi
www.deal4loans.com
Loans by choice not by chance !
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