2
votes
2answers
89 views

How to calculate whether it's better to pay my education loan, or my home investment loan?

I have an education loan @ 11.5 % for 1,000,000. I can pay it in 3 years. I am planning to make an investment by buying a home @ 10.5% for 2,200,000. Term = 20 yrs. I am thinking if I sell the house ...
3
votes
1answer
90 views

Tax rebate on Home loan on mother's property

I have got a home loan from SBI on my mother's property. she is co-signee on the the loan. Can I use EMI paid for my tax saving.
3
votes
1answer
103 views

Who is responsible when property and the loan are in different names?

We have a LAP (Loan against property) loan with ICICI Bank. The loan is on my name (primary), with my brother and father as co-signers. I am not sure how the ICICI bank sanctioned the loan on my name ...
2
votes
1answer
396 views

Getting a loan to buy a second house from family in India

I have one elder brother. My father has one house worth 30 Lacks. During property sharing, this house went to my brother. He is planning to sell that property, but I do not want to sell it to some ...
0
votes
1answer
716 views

How to Split a loan, and how much should be my investment

I am from india, my idea of the question is to understand what is the loan amount i am entitled to, what should be my plan for applying a loan, and is there any ways to reduce interest rate after a ...
5
votes
2answers
7k views

Can I get a housing loan for my father's property?

I want to apply for a home loan, but the property is registered in my father's name. Is it possible? Can anybody help clarify my understanding of home loans?
2
votes
2answers
598 views

Go for Fixed or Floating interest in Mortgage

Which type of loan is best, a Fixed interest rate or a floating interest rate? In India most banks offer mortgages that start with a 12% floating rate or a fixed rate mortgage with a 13.5% interest ...
0
votes
2answers
112 views

Is there any kind of unsecured stock loan?

I am interested to buy some shares in the future. Can anybody tell me is there any kind of stock loan which doesn't need collateral?
1
vote
4answers
251 views

What is Loan to Value Ratio?

Suppose if I am taking a $50,000 on loan for home or for car or for anything,I have read it many times that LVR is 85% or 80%.what does it mean actually? Is it applicable for Indian citizens too?
2
votes
1answer
57 views

Is it possible to get a short term housing loan in India?

Suppose I want to pay for a house with my own funds expect that they are stuck in deposits that I can't redeem immediately. Is there any way I can get say a 40 lakh loan for a tenure of 1 year?