CAR INSURANCE BLOG

Are you an existing home loan borrower or are you planning to take one soon? If the answer to that question is yes, then you must know that home loan monthly instalments are a huge financial takeaway from your monthly earning. These home loan EMI deductions need to be managed appropriately so that they don’t cause your financial life to go haywire. To know how to plan your loan EMIs, read on:   As our cities grow, the country’s market attempts to serve the housing needs of hundreds of millions of prospective and existing homebuyers. These homebuyers are spread over the complete spectrum too, securing home loans for as low as 6 lakhs Rupees to as high as 1 Crore Rupees and more. Whatever are the homebuyers’ needs, lenders such as banks and housing finance companies (HFCs) attempt to serve them. Loan amount is disbursed by the banks/HFCs to borrowers as and when required by the builders/developers/self and repaid by the borrowers to lenders through Equated Monthly Instalments (EMIs)....

of Baroda, one of India’s leading public sector banks, has announced that it is slashing its home loan interest rates to 8.30% according to a recent Money Control report. This new announcement brings the bank’s  home loan interest rate at par with its MCLR of 8.30% which was announced in October 2017.   The report added that this new rate will be applicable to all home loans with tenure of up to 30 years and to all customers irrespective of the home loan quantum.  Additionally unlike many other public sector home loan offerings this new rate can be availed by both self employed and salaried applicants whether they are male or female.   The report added that this reduction is in line with similar home loan interest rate reduction implemented by other leading banks and NBFCs in India. Other home loan providers that have recently announced lower interest rates include the State Bank of India (8.30%), HDFC Ltd. (8.35%), ICICI Bank (8.35%), LIC Housing Finance (8.35%) and...

Over the past few years foreign investment in Australia has grown. According to the Australian Bureau of statistics (ABS), the level of foreign investment increased from $153.3 billion (5%) to $3,192.4 billion at the end of 2016. There has also been a sturdy rise of both the private and non-residential buildings that were approved sitting at 18,863 in September alone. Investment in real estate also remained strong with investment approvals at $97 billion. When it comes to property investments it all depends on where you would like to invest, and knowing right time. Here are a few things you need to know to make investing less of a hassle for you. Hot property regions The places that have been attracting most international property buyers are Melbourne, Sydney, and Victoria. Melbourne appears to be the most popular. This could be due to it being ranked number one by the Economist Intelligence Unit’s liveability survey in terms of having good infrastructure, education, culture and enviro...

If you have set your mind on purchasing a truck, then you ought to get acquainted with the basic steps this process involves. A lot of people consider this move to be quite challenging. While that is true to some extent, still, it is utterly important that you know what lenders expect from you, as a borrower, so you can increase your chances of getting approved for receiving  equipment finance . Truck finance is usually provided to a business owner that required a piece of equipment to assist in running thier business. When it comes to equipment finance, lenders usually take a different approach to lending & they usually take the following aspects into consideration: Know how much money you need Before discussing with a lender, it is advisable you have an estimate sum of money in mind. Plus, you should prepare your proposed  repayment options  and length of the loan as well. Determine the truck you wish to purchase It is important that you do your research concerning ...

Who knew that one day consumers will be able to shop for a car at the comfort of their home. Buying a car has become easier with many platforms such as Cars Sales, Auto Trader, Gumtree and Cars Guide to name a few offering services where you can buy a car. But how do you avoid being duped into buying a car that is a lemon? These five handy tips will help you navigate buying a car online that isn’t a dud at the click of a button. Research your desired car The perks of being able to buy a car online are endless. According to Roy Morgan, 67% of Australians, 42% of men and 25% of women, are now willing to buy a car entirely online. If it is not the convenience of buying from the comfort of your home, it is the experience of having no pressure to buy from a smooth salesperson. 64% of Australians felt buying a car online was easier than dealing with a salesperson. Although researching a car can be time-consuming, it can be fruitful once you find your desired car. To start out your search you...

The perks of having a credit card is the convenience that comes with it. Especially when it boils down to paying off large bills. However, there are a few habits that could stiffly your credit card score along with causing you unnecessary financial loss. Sometimes it is the little things that count and can see you paying more on your credit card bill at the end of the month. These are the five things that you are doing that are causing your credit card to leak. 1. Putting on small purchases Using your credit card to pay for small indulgences might not seem like a big deal, but those cups of coffee on your card eventually add up. Indulging your taste buds might be enticing at the moment but it can have a negative drawback on your card, especially if you are spending during the holidays. 32% of Aussies are most likely to make a purchase they do not need at a supermarket. You should be more careful if you are solely swiping for rewards or cash back benefits. This could easily swing out of...

With so many ways to finance your car which one should you choose? If you are looking into dealership finance, you will soon find the pros and cons of having your car financed through a dealership car loan. At the end of the day, we all want something that is manageable and affordable. However, before you go in to finance your car with dealership finance these are a few things that you need to consider. Low interest rates that are tailored for certain models The selling point of dealership finance is that it comes with low or no interest rates. But this is where you need to be careful. Just because it has a low interest rate does not mean it comes with the best offer. Furthermore, the low interest rate can be restricted to certain makes and models. Balloon payments You could be required to pay a balloon payment at the end of a loan term which can cost a couple of a thousand dollars. Balloon payments on a car loan from a car dealership are usually added in order to keep your repayments ...