Posts tagged Loan
Access to Your Own Credit Report
Nov 8th
Did you apply for a loan but the bank turned it down without giving you sufficient details on why they turned down your application?
The Reserve Bank of India has been receiving a number of complaints, including under the Right to Information (RTI) Act, 2005, that customers are unable to get their own credit report from the banks. Continue reading “Access to Your Own Credit Report” »
Buying a plot of land?
Sep 13th
photo by demibrooke
Buy land. They’ve stopped making it. – Mark Twain.
Banks and housing finance companies (HFCs) in India provide loans for purchase of plots (land). Usually, the banks/HFCs insist that the plot of land is purchased from a recognized authority like a development authority, from a society, or from a recognized developer. Financing purchase of plots is a bit risky because of difficulty in documentation. Continue reading “Buying a plot of land?” »
Borrowing from relatives abroad
Feb 16th
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. Continue reading “Borrowing from relatives abroad” »
