All Questions
53
questions
6
votes
3
answers
63k
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?
- 215
4
votes
2
answers
1k
views
why don't banks invest money in mutual funds or shares instead of giving personal loans
Banks offer personal loan at interest rate of 11 %, but why don't they invest those money in mutual funds or shares and earn more ?
- 145
4
votes
2
answers
27k
views
Is a loan from a friend taxable in India?
If a friend of mine transfers money (say 5 to 10 lakhs Rs) to my savings account, does that amount count as my income and do I have to pay tax on it?
Will the Tax authorities question me ?
Should I ...
- 163
4
votes
1
answer
489
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 ...
- 49
3
votes
1
answer
2k
views
Loan from friends living abroad
My friends living abroad [non Indians] are ready to provide me financial loan for the purpose of education of my children. If this money comes via inward remittance, what should be the appropriate ...
- 31
3
votes
2
answers
146
views
How can I judge loan availability?
I want to apply for home loan ( I am from India ). But I did not know If I am qualified for loan or not.
Previous history is that I already have a home loan for a property through my family. That ...
- 157
3
votes
3
answers
34k
views
Need a loan to buy property in India. What are my options?
I have seen a property in India, and I am planning to buy it. The total cost is $105k, out of which I have $30k of my own. The remaining $75k needs to be financed somehow. I can get a loan in India, ...
- 31
3
votes
1
answer
2k
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 ...
- 31
3
votes
1
answer
371
views
Money Transfer by Indian Citizen to US Citizen to Settle a Debt
I am a US Citizen. I sent money to help out a relative (an Indian Citizen) in India. I used Western Union to transfer the funds from the US -- I paid in USD and he received the remittance in Rupees. ...
- 31
3
votes
1
answer
129
views
How to give collateral loan for car in India?
My neighbour wants a loan on his car. What are the legal procedure to give such a loan?
- 133
2
votes
2
answers
292
views
Are prepaid credit cards a form of secured loan?
I was reading about different factors that determines credit score. One of them is having a "good credit mix" (IE having a healthy mix of secured (such as home loan, auto loan) and unsecured loans (...
- 121
2
votes
2
answers
99
views
Does the interest charged decrease if I pay my long term bank loan's major part earlier?
I have taken a long term bank loan.....say 10K. Suppose the interest charged is 10 percent. Now, I have a lot of surplus money with me due to unexpected cash inflows. I want to reduce the interest ...
- 21
2
votes
2
answers
172
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 ...
- 135
2
votes
2
answers
20k
views
How can I bring loaned money back to US from India
I am a US permanent resident and I loaned some money to my father in law in India early last year. I transferred US dollars from my US bank account to my NRI (Non resident Indian) account (Indian ...
- 123
2
votes
2
answers
1k
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 ...
- 215