Lavoz Finance Insurance

With the economy ‘shining’ and salaries heading northwards, individuals can actually find their dream of a big house in a posh locality come true.

Today’s youth are hard working and career driven and are not ready to compromise on the quality of their dream house for a few bucks. There are a multitude of home loan banks in India to choose from. The home loan industry has never looked more lucrative with real estate experiencing a boom, prices are heading upwards. Housing finance companies (HFCs) are providing platter full of advantages to woo the borrower with value added services and flexible products.

To find cheap home loans in India, there is an array of possibilities. Individuals can borrow from bank as home loans. Various housing finance companies (HFC) provide personal loans. Another option is loan against property (LAP) – a loan given against the mortgage of property.

Before taking a loan, there is some homework you need to do:

Five steps in choosing the right loan

The current housing loan market requires proper research before opting for a loan. One should not get carried away by tricky advertisements. Rather than banging head with terms like special interest rates for fixed tenure, hidden terms and conditions etc its better to opt for the bank that offers the lowest EMI (equated monthly installments).

1. Gather data on interest rates

It is a wise proposition to get interest rate information from more than one source and compare the offers. A long term loan will mean lower EMI but probably a higher interest rate and result in paying more for the house.

2. Enquire fees

The processing fees, administration charges and the quantum of loan should be discussed properly. It is better to have a written statement of all fees connected to the loan from the lending bank itself.

3. Pre-approval letter

Sometimes banks issues a pre-approval letter agreeing to finance a certain amount. This gives a significant weight and sellers deal seriously. One can expect a modest price range and negotiate a better deal. This is more important if one is taking bank loans for commercial properties.

4. Negotiate loan

Most loaners will bring down their charges for customers with a dependable reference, so do not be shy about bargaining. A bargain deal will easily fetch a home loan at around 0.25-0.5% lower than official rates.

5. Avoid greedy lending

Do not deal with person who asks you to include fictitious data on your home loan application to get quick approval. Also do not get pressured into borrowing additional finance than needed.

Do you have a business banking account that is slowly dwindling because of all of these hidden charges and fees that you didn’t know anything about? It’s sad to say, but many business people are finding their business banking accounts getting smaller and smaller just because they’re being held in that account. It doesn’t make sense. Banks charge if there’s not enough money in an account, they charge to make some transactions and they even charge if you want to add money in some cases. However, you should know that you don’t have to pay money just to have a business banking account. You just have to find a bank that allows you to keep money in their bank with no hidden fees.

Keeping Track Of Your Money

For your business to be successful, you have to keep tabs on where your money is going and where it’s coming from. This should be done to the very last penny. You can easily do this by keeping track of your income and expenses using business banking software. These days, internet banking is very popular. It’s easy to use and extremely convenient.

Most business software will allow you to sync your accounts using online banking, which makes keeping track of your funds a breeze. That way, if you’re every charged hidden fees for having a business banking account, you’ll be able to find it immediately. However, if you’re not keeping track, the bank could nickel and dime you all day and you’d never know it.

Offers and Promotions

Banks love to hold business banking accounts. They will often have special offers and promotions strictly for business banking accounts to attract more people to their bank. Look for these offers and promotions and decide which one sounds the best depending on your needs. You shouldn’t have to pay a lot of money just to hold a business banking account and these offers and promotions are a great way to do that.



Contact the Bank



If you are being hit with a lot of fees, simply call the bank and ask to speak to a manager. If you’re a good customer, their not going to want to lose you. Tell them that you have a business banking account with them and that you’d like to keep it at their bank but you don’t want to keep paying those fees. See what the manager says.

In this hurting economy, it’s likely they’ll waive those fees and they might actually reimburse you for what they’ve already taken. If they don’t, take your money out and switch. There’s got to be a bank who will take care of you and that won’t charge you exorbitant amounts of money just to hold a business banking account in their bank.

The best student credit cards can be compared at www.goodstudentcreditcard.com.  Responsible credit card use can lead to a lifetime of low-interest rate loan opportunities.  Notwithstanding their limited credit history and minimal income, good students enrolled in colleges and universities throughout the country are often given the valuable opportunity to receive credit and to start building a credit history.  This is an opportunity that should not be taken lightly, particularly in light of the widening credit crisis which has made it difficult for many working Americans with good credit records to receive new credit cards, auto loans and mortgages.  

Student credit cards issued by Discover, Chase and Capital One are tailored for student applicants.  Some of the features offered by these credit card issuers include:

•           No Annual Fee

•           0% Interest for a fixed period of time

•           Cashback Bonuses

•           $0 Fraud Liability Guarantee

During this period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – students should be given an opportunity to build a credit history.  Responsibility is key.  If you can’t afford to buy it, you should consider saving until you can.  Credit cards are most beneficial when you can afford to pay your balance in full every month.  In these tough economic times, where credit is getting more difficult to come by, it is important to create a strong credit profile by establishing credit early and maintaining a consistent payment history.  Student credit cards issued by Discover, Chase and Capital One are tailored for student applicants. 

Visit www.goodstudentcreditcard.com to apply online in a few short minutes.

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