A balloon payment can be a tempting option for borrowers seeking lower monthly payments. However, it’s crucial to understand the full implications before diving into a balloon loan. This article will explore what balloon … READ FULL STORY
If a buyer takes a loan from a financial lending institution such as a bank and fails to repay it within the deadline, he may be in trouble. While the financial institution may extend … READ FULL STORY
Land as an investment option has always been popular in India. Its popularity has not receded, despite the availability of various financial products such as mutual funds and equity shares. However, you should be … READ FULL STORY
HDFC hikes rates by 25 basis points Days after the RBI increased the repo rate by 50 basis points to bring it at 5.40%, HDFC has announced a 25-basis-point increase in its retail prime … READ FULL STORY
Every home is a window into the personality of the owner. Most homeowners decide to renovate their homes to improve their quality of life, whether for holidays or other special occasions. It is true … READ FULL STORY
Loan syndication meaning Loan syndication is the process by which a group of lenders typically work together through an intermediary, such as a lead financial institution, syndicate agent, or another party, to organise and … READ FULL STORY
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … READ FULL STORY
Refinancing an existing loan for a commercial property is a practice that started in the western world and has caught on in many Asian countries including India, for some time now. Refinancing offers a … READ FULL STORY
Ria (31), a media professional in Mumbai, takes nearly three hours every day to commute for work. Professionals like Ria often contemplate renting a house closer to their workplace, so that they can cut … READ FULL STORY
Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS, to allow him time until April 2020, to pay off a mortgage loan for his central London home. The bank … READ FULL STORY
Commercial buildings that are eco-friendly or ‘green’, have several advantages over traditional buildings, including lower cost of maintenance and positive perception among prospective tenants. However, retrofitting a building to make it ‘green’, can sometimes … READ FULL STORY
Can a business claim advance payments received, as income from sales, in its account books? An ideal accounting practice is one, where an advance payment is a loan and not a profit. However, in … READ FULL STORY
Obtain a no-objection and no encumbrance certificate In case the society has been formed, the share certificate would have been issued to the owner of the property. While issuing a loan against a property, … READ FULL STORY
