A home loan EMI is a common way to fund the purchase of a dream home. In the last couple of years, as interest rates hit rock bottom, banks offered home loan at rates as low as 6.5% with enough takers. However, as interest rates go up now the original payment plan is threatened. How? […]
Big Questions – Online Goal Calculator – Let Numbers Speak
Online Goal Calculator, again? Don’t we have enough already! What’s different? Questions, Questions and Questions! And that’s what the difference is about Big Questions – Unovest’s goal calculator. Well, for starters, this is 2021 edition. Read on. Am I on track for my retirement? When can I call it quits and start doing what I […]
[Calculator] What is the cost of 3 month EMI moratorium?
Yes, you still want to go for the 3 month EMI Moratorium. I just want to let you know that this is not free money. It comes with a cost. Here’s the earlier post on the RBI announcement. The update is that this moratorium is automatic. For the next 3 months, your EMI will not […]
[RBI] The Home Loan EMI of the Middle Class
The bottom of the pyramid, the needy and poor got benefits from the Government. The middle class guy who funds all these benefits was left wondering. “Mera number kab Aayega!“. (When is my turn?) Will there be a cash transfer to my account? or free groceries? Will I have to NOT pay electricity bills for […]
Case: An exciting investment proposal
An RM of one of the largest mutual fund houses came to share an investment proposal with me. Somehow they came to know that I am going for a home loan for a 20 year period. The RM said “Why don’t you go for a 30 year loan?” Given the fact that I deal with […]
When you should not buy a house?
There is some fancy about owning a house. For ages, a house has been considered the ‘best investment’. A house of your own happens to be a dream for most people. There’s something emotional about it too. Your parents, your relatives, everyone recommends to buy a house. “Khud ka ek ghar to hona hi chahiye!” (You should have one home […]