As parents of children you are perhaps always worried about whether or not you are instilling adequate life skills in your child. You want them to grow up to be responsible individuals who are equipped to take care of themselves. One important aspect of teaching life lessons to your children involves teaching them money management from […]
Loans & Credit
6 Things To Do while Applying For a Housing Loan
Buying a house is a major decision and has an implication on the finances of an individual. Therefore, it becomes amply important to take necessary steps before applying for a housing loan. Following are six must do things before one signs on a home loan application. Check List before applying for a Housing Loan Check your […]
Pradhan Mantri MUDRA Yojana : How to apply for a Business Loan under PMMY?
I have been receiving lot of queries on Pradhan Mantri MUDRA Yojana (PMMY) or MUDRA Bank. Many blog readers have been asking for information on loan application procedure, whom to approach for assistance and which banks / financial institutions are offering loans under PMMY scheme. In his last Budget speech (2015-2016), Finance Minister Arun Jaitley […]
Vidya Lakshmi Website : Search & Apply for Education Loans / Govt Scholarships
Vidya Lakshmi (www.vidyalakshmi.co.in), a web-based portal has been launched by the Union Government on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking Educational Loans. Vidya Lakshmi Portal is a first of its kind website providing single window for Students to access information and also make application for Educational Loans provided by […]
Under Construction House : How to claim tax deduction on Home Loan Interest payments?
A home loan borrower can claim Income Tax exemption on interest payments of up to Rs 2 lakh and another Rs 1.5 lakh under Section 80 C towards the principal repayment. However, you cannot seek these tax benefits in the pre-construction phase (i.e. no tax deductions available for an under construction house), even if you […]
Joint Home Loan : Eligibility rules & Income Tax Benefits
Many home loan borrowers consider taking a Joint Home Loan as a practical option to get higher loan amount and also to avail Income Tax Benefits. Joint Debt has become a part of the Household finance these days. One of the primary benefits of a joint loan is that it increases the borrowing capacity of […]
