my friend got a mortgage loan from a nationalised bank, pledging her property. since her age is 55and the income is low to get a higher amount of loan, the bank considered her son in law as the applicant who has a high income. Now my friend is the co-applicant and she is repaying the loan through her bank account. Will there be any legal problem on the ownership of her property?-Guest

As she is already paying the EMI and the loan has been pledged with her property, so, there won't be any legal issues as long as she keep on paying the EMI in time. But if she defaults on payment, the bank has the right to auction the property and get their dues paid. - Shwetabh

how can get loan against my agricultural lands and my pomis deposits. -Guest

You can read a lot of articles and understand clearly about Loan against Property at Loan Against Property. You can also call us on 09920016645 or give us your number so that our executive can get in touch with you. - Shwetabh

Banks are unlikely to provide loans against property on power of attorney. - Guest

Dear Sir, I wish to take Mediclaim policy for my sister , who is spastic , pls let me know , how to go about it- Guest

This disease will be treated as pre existing disease by the insurance company. Any expenses arising out of the pre existing disease will not be covered under the policy. This disease wil be covered only after pre existing clause of the insurance policy (this varies from company to company). All other hospitalisation will be covered as a normal policy.
Compare and apply for Health Insurance here - Naresh

I wanno know the exact samething. -Guest

I do agree with Naresh. Medical expenses might not be covered for pre existing diseases. Expenses covered for the disease depends on pre existing clause by insurance company. You might have to undergo some medical tests before insurance approval. Once you clear these tests and fulfill eligibility criteria specified in clause, you may be able to buy health insurance. - Radhikasood

I am in a financial trap due to long overdue of credit card payments. i would like to get it cleared the same. i am a salaried person. Rs. 16889 p.m. after all deductions. i have a personal loan from HSBC and a repayment of 7645 p.m. can you help me to out of the credit cards payment through a personal loan or some other top up loans. - Guest

Since you have defaulted on your past payments, it won't be easy for you to secure another loan. You can negotiate with your credit card provider/bank and ask them to club all your dues together and treat them as a single loan. -Shwetabh

Actually I am engaged in various banks personal loan, for which I feel very difficult to pay EMI on diff dates. I also need to club this entire loan and make it as a one installment on any fix date.So therefore request you to help and suggest me solving this problem.Also my monthly net earning is 12,500/-My loan details and EMI for the same is as below:- BANKSLOAN AmtE.M.IHDFC2,50,0008, 833HSBC72,0001,932FULLERTON72, 0002, 942GE MONEY 46,0002,942 SYNDICATE BANK9, 40,0008,500 Total13,80, 00025,149 It's a humble request and also hoping to get a favorable reply from your end.- Guest

Since you have taken a number of personal loans, it will complicate your payment history if you miss any instalment. You can talk to one of your banks and request for a personal loan which will pay off all the other personal loan dues. However, the sanction will depend upon your income capacity. You can compare and apply for a personal loan at here. You can also call us on 09920016645 or give us your number so that our executive can get in touch with you.- Shwetabh

I require 9 lacs study loan for repayment for 5 years. I am employed as a sailor - Guest

You can approach any of the banks providing education loan. They can consider your application depending upon the course details and other documents. Education loan up to Rs 10 lakh is allowed for study in India and Rs 20 lakh for study in abroad. - Shwetabh

I am planning to pursue my MBA degree from US.Now any top US school charge around 30-40 Lakh INR. What is the best source to get this amount of loan.What are the pre requisites and what kind of collateral may be required? - Guest

Banks are the best source to get an education loan. Since the loan amount is high, a bank would require collaterals in the form of fixed deposits, property, and similar other investments. In India, banks forego collaterals for education loans up to Rs 4 lakh. The maximum education loan amount available to study abroad is Rs 20 lakh. Other pre-requisites are application forms, letters of admission and a yearwise course breakup from the institute, marksheets, income documents of the parents. - Shwetabh

I would like to take a personnel loan where my other loans can be taken over and i will have just one bank transaction, please help - Guest

If you have not defaulted on any of your previous loans, you can get a personal loan from banks depending on your current income level. As per bank rules, you would be eligible for a personal loan with an EMI in the range of 35%-65% of your total monthly salary. And if you have defaulted on any of your earlier payments, then it won't be easy for you to get a loan as your name might have entered CIBIL list. You can negotiate with your current loan providers and ask them to consolidate all loans into one or refinance them. - Shwetabh

I have peronnel loan from different bank and i am paying a monthly repayment all together Rs. 1,34,000/- and in one loan from ABN Amro is charges are more and I want to preclose the loan, they are telling me a preclousure charges of 5% which is very high any chances of reducing preclosing charges and how? - Guest

In case of personal loan, almost all banks have the provision to charge high prepayment penalty in case of prepayment or transfer of loan. So, under the clause on which you have signed also while taking the loan, this is binding on all. Nothing much can be done in this regard. - Shwetabh

Education loan for MBA
I want to avail education loan for my son who is pursuing MBA. What's the procudure. -Suresh

I am in need of Education loan to the extent of Rs.10.00 lacs to get my son / daughters admission in one of the reputed international schools for the course I D B P duration 2 years at delhi. the school is recognised at the international level /Govt. of India / Association of indian universities. kindly do help me to get my problem solved immediately. Thankyou.-Muzaffar

You can compare and apply for a personal loan at here. You can also call us on 09920016645 or give us your number so that our executive can get in touch with you. - Shwetabh

hi sir i am harish from anantapur,i am studying b.tech 2nd year my dad is private employee , but my family have the propety my family want the loan because studies me and my brother.-Guest

You can get an education loan for your further studies. In India, no collateral is required for an education loan up to Rs 4 lakh. However, for a loan above Rs 4 lakh, some collateral is required. Here, you can use your house as collateral. You can approach any bank for an education loan.-Shwetabh

Tired of paying interest on student loans every month, afraid of the deadline of paying back loans? There is a solution for all your tensions called Student Loan Consolidation. In student loan consolidation, a student may enjoy many benefits of student loan. - cyrildon

i would like an education loan for 12 lakh but my credit is not that good what aremy chances of getting an education loan or is a third party gaurantee needed please advice. -Nitesh

If your credit is not so good and a bank rejects you a loan then in that case you can take an education loan by mortgaging your property.
Choose the Education Loans that suite you here - Naresh

I'm 32 yrs old and I'm planning to invest in a policy like ICICI prudential with my childs future in mind who is now 1 year old. I wanted to encash the policy only after 20 yrs or so. Pls suggest if I can go for Ulip or Traditional.- Guest

ULIP involves high initial charges and provides low insurance cover. You can consider buying a traditional term plan and invest the remaining amount in other investment schemes such as PPF, Mutual Fund, Fixed Deposits, etc. You can compare and apply for a term plan at here. You can also call us on 09920016645 or give us your number so that our executive can get in touch with you. -Shwetabh

is kotak life insurance a better company for a ulip plan.- Guest

Ulip is a costly investment product with a number of charges. The different types and amount of charges can affect your net investment amount. However, if you are looking to remain invested for a longer period, say 10-20 years, a ulip can be considered, especially after the recent regulator cap on charges or else stick to good diversified mutual funds. You have not mentioned any particular scheme of Kotak Life Insurance, so we cannot compare it with other plans in the market. Moreover, a company performance cannot be based upon that of a single plan.-Shwetabh

i have lic market plus ulip, till 3 years i paid,can i continue this plan?is it performing well?pl suggest me ur opinion.thanks n regards -Guest

Ulips are costly products as they involve high transaction charges. However, all ulips would be redesigned from Jan. 01, 2010 so as to comply with the IRDA prescribed limit of maximum charges. As per current regulations, insurance companies can charge up to 3 per cent (gross of mortality charges) on gross yield for ulips with a term of 10 years and 2.25 per cent on ulips with a term over 10 years. So, LIC Market Plus will also be redesigned accordingly. You stay invested in it. -Shwetabh

How is the ICICI prudential Assured Life ULIP plan? In mumbai one of the executives offered me the plan saying if done within this month I would get an assured bonux of 140% on the first premium. Are the withdrawls in ULIP exempt from Tax? -Guest

ICICI Prulife Assure Wealth provides a guaranteed addition of 120-180 per cent of one annual premium at the end of the 15th year. There is no time frame for it. One can invest anytime. Withdrawals from a normal ulip plan after 3 policy years are tax free in the hands of investors -Shwetabh

please suggest ulip life insurance plan with low chargesPankaj Attarde -Guest

You can compare and apply for a ULIP product at here You can also call us on 09920016645 or give us your number so that our executive can get in touch with you. - Shwetabh

Hi i am plan to invest Rs 1000-2000 PM for my childrens(one boy baby 2 years old) futre . I plan to invest in ULIP(so i will get some TAX savings). Could you suggest any ULIP? - Guest

There are many children plans that are available in the market. You can compare and apply for one at here. You can also call us on 09920016645 or give us your number so that our executive can get in touch with you. - Shwetabh

sir, i have a credit card ICICI Bank. I NOT UTILISED FULLY LIMIT. BUT WHEN BANK APPLIED PERIODICAL INTEREST THAT TIME EXCEED MY LIMIT, AND THEY CHARGE OVERLIMIT CHARGES + SERVICE TAX. EVERY TIME I WRITE AND THE REFUND. NEXT MONTHS. BUT DUE TO THIS I NOT GET REWARD POINTS-Daamodar

You can lodge a complaint with your bank and get it corrected.-Naresh

the credit card is free or sam tax is away lable -Guest

Credit cards offered are always free except Privilege card or Titanium card where banks charge some annual fees.You can compare and apply for a credit card at here. You can also call us on 09920016645 or give us your number so that our executive can get in touch with you. -Naresh