Lavoz Finance Insurance

Archive for March, 2010

All too often people make the mistake of thinking that they are capable of handling their own finances without any worries at all. However, in most cases people learn rather quickly they cannot handle their own finances without help or assistance from anyone else. However, with some simple tips and advice people can now be assured that they can handle their personal finances quite easily.

College students are usually the worst people at managing their money and they need the most assistance. Some college students are away from home for the first time and they are eager to start spending their money on the various things that they want. Here are some tips that can help these people handle their money better and make it last longer. When you are in college it is very important to make your money stretch as far as it can.

There are some simple rules to personal finance that are intended to help and if used correctly they will lead you on your way to financial comfort and freedom.

1. You should always put money away for an emergency. The recommended amount of time that you should save money is anywhere between six months to a year. This should be put into an account in which you cannot withdraw money for a specified amount of time or for a specific reason. By having the money in such an account you know it will be there any time you need it.

2. You should always pay off credit cards that have the highest interest rates first. While doing this you can continue to make the minimum payment on the card that has lower interest rate while paying a little more each month on the higher card.

3. If you are not sure where you are spending all of your money then it might be a good idea to start keeping a diary of some sort where you record your spending each day. You should record everything that you spend than at the end of the week or month you can sit and determine where you spend the most money and if there are any areas that you can cut out.

4. While you are trying to save money people sometimes make the mistake of thinking that charging things to a credit card will help them save. This is completely wrong. If you want to save money then you need to stop charging and pay cash whenever you can. The cash may be gone but you don’t have to worry about making continuous monthly payments.

5. Avoid pressure to spend money. IF you do not want to spend the money then don’t. That is the simplest of all rules. Do not let others pressure you into spending money unnecessarily.

Life is unpredictable. No one knows what will happen in the next moment. Cash is something that one may need for any reason, any time. Shortage of cash leaves a person in a firtghtening position. For most people a financial crisis is not unexpected towards the end of the month. However, there are other expenses like medical emergencies, school fees, maintenance of a vehicle that will place everyone under pressure. To meet all these basic family expenses Fast cash loan  is a handy and convenient way to get cash in advance. Considering all these things Direct Cash Now has come up with its fast cash loan offer, a fast application process to provide you the money when you need it.

We understand the situations that the average person goes through. Our fast cash loan is a convenient and quick way with which you can get the required amount of cash to fulfill your needs. Get an instant cash advance at Direct Cash Now, a leading short-term private lending group in Australia.

Getting a fast cash loan is a hassle-free and faster process with us. You simply complete an online application form. You will receive a confirmation reply through e-mail including a reference number with which you will send your information. After verification and confirmation and some documentation the cash will be transferred into your nominated bank account by electronic fund transfer method. Your fast cash loan is a short-term money advance that you can pay back through payroll deduction or direct debit from your bank account.

We offer you a quick way to secure cash for any financial emergency. We provide emphasis to individual applications for fast cash loan and evaluate them on a case by case basis. There is instant approval of online applications and you will receive instant money online as well.

We aim to provide our customer immediate financial help when they need it. Fast cash loan is an easy and effective solution to receive a payday loan online. We employ a completely online technique and strive to help you out of your unexpected crisis.

Home Loan
is also called house loan or mortgage loan. The loan is given for new home (house/ flat/ kothi/ apartment) purchase, to renovate/ furnish the house, to purchase the plot/ land to build the house etc. Home Loan of rupees half a million to rupees hundred millions can be given to Salaried/Businessman. ROI is 6.5% + Flat. It varies depending on person’s profile and Bank’s criteria. A processing fee of 0.05% to 3% of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you. You pay the loan in equated monthly installments. The loan will be paid through post-dated cheques or through Standing Instructions or through ECS to debit your Bank account through ECS with the EMI amount. The person applying for a loan can purchase the property anywhere in India, provided the lender bank has a facility to verify that property at that place. Every Lender/ Bank now keeps a list of pre approved properties of certain builders and developers. One can go and see the list for faster loan approval and disbursal. Now few of the banker’s finance Freehold/ Leasehold properties and the properties on power of attorney. The applicant can confirm from the marketing executives the exact option and choose the property accordingly. One indirect but a big benefit of taking loan on home is that your property get verified by the qualified and experts of real estate business and also by the bankers. The loan eligibility is calculated by seven different methods such as Income, Track Basis, Banking, Liquid Income, Credit Card or LIC etc.

Following are the factors for home loan eligibility :

Age factors: You must be at least 23 years of age when the loan is sanctioned for salaried employee or a Professional & Self Employed Persons/Businessman. The repayment should be complete before attaining the age of 65. Other cases can be taken up as special case and subject to approval of higher authorities of the bank. The loan applications in which point no. I and II are not satisfied a guarantor is taken as additional co applicant satisfying the criteria.

Income factor: Net Income of the concern should be greater than Rs. 100,000 P.A for salaried employees/Professional & Self Employed Persons/Businessman. Maximum of two person’s income of the partners/directors holding a minimum of 25% stake each can be clubbed to the income of the concern. It can be increased/ Enhanced by Clubbing Income of Maximum Three Persons Which Can be family members in tree or chain, co-partner in business or co-partner in property.

Below Appended is the details of home loan Documentation, required to get a home loan.

Appointment Letter / Salary Certificate, Passport / Driving License / PAN Card / Election ID card, Passport / Driving License / PAN Card / Bank’s Verification, Telephone Bill or Water Bill or Electricity Bill / Lease Deed Rent Agreement if rented / Passport, Lease Deed/ Registry or Other Ownership Proof / Electricity/ water Bill / Property Tax receipt, Appointment Letter / Salary Certificate, Last Two Year Income Tax Return, Ward/ Circle and Ten Digit Number of Receipt should be clear. Profit/Loss Account & Balance Sheet or Auditor’s report is required wherever applicable. Bank Statement of Last 6 Months of Individual/ savings Form 16 of Last 2 years should be provided*. *[these are all mandatory]. Loan Schedule/ Track of All Loans Showing EMI/ECS in Bank statement, Property Documents of Proposed Property to be purchased or to be pledged with Last 13 Years Chain and Application Form to be filled and signed, Bank Statement, and Signature Verification.