There are a number of factors that have a bearing on eligibility for a housing loan. The banks have their own criteria to determine the eligibility and quantum of housing loan. It would do well for borrower to be aware of some such factors.

To begin with, it is the information on the application form. The information submitted in the application form by the individual is verified from various primary and secondary sources - through interviews, calling up the employer, verifying from the database etc. In case of wrong information or inconsistencies, the loan application is liable to be rejected. [Read more]

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Saving Money is the key to financial freedom. Unfortunately, talk about savings and most people’s eyes start to glaze over. Inside many people simply feel that life is for living now, not for sometime never in the future and anyway they already contribute to a retirement fund.

This is a big mistake and many people make it; believing that savings are only about retirement. Retirement planning is important but it is not the only or the most important reason for saving. [Read more]

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Investing in stocks and mutual funds has been compared to dating, buying investment properties like a marriage, and starting up a business like being married with children. I am beginning to find out how true it is.

Why are buying stocks like dating? For a start, you can get in quickly and easily. With some capital, you just need a broker, or an online account, and you can start buying stocks right away. There is no huge commitment involved. You can get out as easily, almost instantly if the price is right. [Read more]

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Bank of India raised tier-I capital of Rs 13.6 billion through qualified institutional placement, which was subscribed 1.8 times in the current weak market scenario. The capital raised will help the bank meet Basel II requirements and maintain the current business growth momentum.The capital raised will also support its life insurance venture with Dai-Ichi Mutual Life Insurance and Union Bank of India, mutual fund business, and credit card ventures. [Read more]

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After a deep correction for last six weeks, IDBI exhibits the possibility of a trend reversal in daily and weekly charts, the brokerage says in a technical report dated Feb 14. Rise in volume indicates a medium term buy in the counter. Based on the chart pattern to date, the stock is likely to get support around Rs 98. [Read more]

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There is an unusual excitement around scrips of steel companies on the bourses. If sector analysts are to be believed, the Chinese government is going to impose another round of clampdown on steel exports in mid-2008. According to metal analysts, the Chinese government, in all probability, would set a threshold limit on minimum export volume. [Read more]

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What are the options that immediately come to your mind when you are in need of money? Banks, financial institutions, friends and relatives. Generally, the idea of borrowing money from near and dear ones settled abroad is never considered seriously. But it is an option that people should not ignore and should keep themselves abreast of the procedural details. [Read more]

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