Debt Management
Avoiding Debt Traps 2- Do I need a Personal Loan ?
Posted August 3rd, 2008 by adminThis is 2nd in my series of articles on how to avoid Debt Traps. In the first one I had talked about how to use Credit cards wisely. I now switch my focus to the next most popular debt instrument- Personal Loans.
Personal Loans have seen a very rate of take-up till about 4-5 months back and this was the growth driver for most Retail banks.
Have 6 personal loans and 1 housing loan
Posted September 26th, 2008 by MildredDate: 2008-08-02 07:29:37
Query : I have got myself into a debt trap. I have 6 personal loans and 1 housing loan. The total EMI on all this loan is 156,000/- per month. But my take home is 60,000/- per month. What should i do
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Date: 2008-08-02 16:20:16
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:
I need Loan Guru's Help
Posted July 29th, 2008 by admin- Are you caught in a debt trap?
- Are you unsure about how to manage loans/credit cards?
- Are you clueless about how to reduce your EMIs on multiple loans/cards?
If you need any help - feel free to ask our Loan Guru- Amitoj
Loans taken from private money lenders
Posted June 25th, 2008 by adminAnnual Income : 180000
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
I need a loan for the down payment as well as the installments
Posted June 25th, 2008 by adminAnnual Income : 400000
Type of Loan Running : No
Credit Card Holder : No
Residential Status : Rented
Vehicle Owned : 2 Wheeler
Query : I have seen one house of 28 lacs and one flat of 24 lacs. But getting loan is a problem now. As of now I do not have any amount with me (50000 is my savings). I need a loan for the down payment as well as the installments. Please advise on which property can I get more loan. On house or on apartment. And how much can I get. (100% is possible?) I can assure I can repay more and clear within the period only.
Salary Less than EMI of Credit Card. Debt Trap
Posted June 24th, 2008 by RitikaCity : Mumbai
Employment Status : salarid
Annual Income : 360000
Type of Loan Running : Yes
Loan Running : pl,
EMI Amount : 28347
Tenure : 48
ROI Loan : Yes
EMI Paid : 6 to 9 months
Credit Card Holder : Yes
Amount Due : 0
Loan Running on Credit Card : Yes
Residential Status : owned
Vechile Owned : 2 Wheeler
Query : My salary is less than my EMIs and I have fallen into the debt trap, what is the solution other than saving coz I have no money to save or spend and no support through other income
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Multiple EMIs running - Personal Loans and Credit cards
Posted June 24th, 2008 by adminCity : Pune
Employment Status : salarid
Annual Income : 600000
Type of Loan Running : Yes
Loan Running : pl,
EMI Amount : 25000
Tenure : 48
ROI Loan : Yes
EMI Paid : 6 to 9 months
Credit Card Holder : Yes
Amount Due : 800000
Loan Running on Credit Card : No
Residential Status : Rented
Vechile Owned : 2 Wheeler
Query : I have nearly 15 lacs debt which includes Credit cards and personal loans. Please advice, can I get consolidation loan to pay off these debts and have a single EMI?
Thanks,
Date: 2008-01-21 17:02:47
Ask Amitoj
Posted June 23rd, 2008 by adminMasters in Marketing from JBIMS, Amitoj has worked with Citibank for more than 9 years in the areas of Operations, Credit, Sales and Marketing.
He has more than 4 years of exposure to Personal Loans and more than 3 years to Credit Cards in the areas of product development, acquisition channel enhancement and credit underwriting.
He is the resident Loan Guru at www.deal4loans.com and has been addressing customer queries on loans and credit cards for almost a year now.
