Caution 20/80 Home Loan Schemes


wealthymattersReal estate companies have been offering schemes called 20:80 and 25:75 where the builder agrees to pay interest on the borrower’s loan for a specific period. The buyer pays 20% upfront and the bank disburses the entire loan to the builder through the individual. The builder finances the construction of the project with the money, and agrees to pay interest on behalf of the borrower to the bank.

Banks such as ICICI Bank ,HDFC Bank and Axis Bank have been lending under these schemes in the hope of increasing the pace of home loan disbursement. Read more of this post

Free Financial Plan


wealthymattersWhether you decide to DIY or hire a financial planner,there is no denying that you can benefit by going through the process of defining yours goals,establishing a time frame,generating numbers to fulfill those goals, focusing on your risk taking appetite and ability,your incomes and expenditures,assets and liabilities etc.

Nowadays its common to get calls from assorted fund houses and advisory businesses offering to draw up a free financial plan for you.You could try them out as long as you can withstand sales pitches and walk away without buying products and services of dubious value  which you don’t need.Fee based financial planners too offer a free first consultation and might give you a sketchy plan as an incentive to hire them.

If you are looking for a planner you will be forced to kiss all the frogs around before you find one who will do.Even then as you progress wealth wise and experience wise you will outgrow your planners and advisers  For you, going out to meet these advisers is a must.However, if you are upto to do a DIY plan you could just use the link :Here and save yourself a lot of time and hassle.Most free plans are unlikely to be better than this.And this one is a good starting place and will give you some fast answers.

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