Posts Tagged ‘India’
September 28th, 2011 | 
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Investing in real estate in India is quite profitable today as the returns are high but it also involves risk, a high entry price and an unsure gestation period. Normally HNI’s, NRI’s & people with a strong financial background invest in real estate in India.
In order to be profitable you should know how to invest in real estate in India & the below tips will help you to know about it.
1.First find a reliable real estate agent or an investment expert through referrals & thorough research. Social networking sites like Facebook, LinkedIn, etc can be helpful for you. You can also search for builders & properties through various sites online.
2.Before investing consult a real estate advisor regarding where to invest, how much to invest, etc. Hiring an advisor will not only help you in studying the property market trends but also help you to avoid legal hassles & other such problems that might come in future.
3.Once it is decided where you should be investing in India, do a research on location, price & the value you will get for that investment in future.
4.Before investing analyze your goals like you want to give the house on rent & get a decent monthly return or you want to sell it in future & get a good profit in return. If you want to sell the property before mortgage resets then in this case an adjustable mortgage is a good option. You pay the interest & make the buyer do the payment of the principal amount. But, if a long term investment is in your mind then a fixed mortgage is a good option.
5.If you want to take a home loan then apply for it in any of the commercial banks in India. If you are a resident of India depending on your credit worthiness the loan period may be long & loan amount may cover the entire cost of the property but in case you are a NRI, rules will be different for you. NRI’s have to repay their loans through India based channels such as NRE, NRO or a FCNR account. Another form of transferring funds is in form of inward remittances. Loans given to NRIs involves a lot of documentation checking like passport, bank statements, tax returns, etc & the loans are also given for a short time period & may not cover the full property cost.
6.Hire a property law firm to lessen the risk involved in the investment. The firm can verify whether the title deed is authentic or not & can identify the loopholes in the sale contract. Obtain a written record regarding your ownership from the sub-registrar’s office & also get a completion certificate from your seller.
7.Within ninety days of purchasing a property file IPI7 form indicating proof of property purchase with RBI. Under 1908 Registration act, register sale of agreement.
The real estate market in India is booming, so follow the above tips & invest in real estate & you will get handsome return on your investment.
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If you are an investor but don’t want to park your money in one kind of stocks or another, you have another option for investing. Yes if you are looking for diversification of your portfolio, you can invest in Mutual Fund. Diversification means you can buy stocks of more than one kind of stocks. Diversification of your portfolio helps in reducing the risk on your investments and also gives better return on your investment.
When you work with mutual funds you can manage them better. There are different ways through which you can buy mutual funds. By having mutual funds you can keep track of them easier. This is because you only have one portfolio to deal with instead of perhaps hundreds of stocks. And if you need money quickly, you can go with mutual funds because they are very liquid.
Looking to invest in Mutual Fund, following are the five ways through which you can invest in Mutual Funds
1. Get in touch with the Asset Management Company
Easiest way to invest in a Mutual Fund is, by getting in touch with the Asset Management Company. Almost all AMC’s have their online presence, once you get onto their Web site, you will get their office addresses, phone numbers and a contact e-mail address. Many AMC’s nowadays offers online platform for all transactions in Mutual Funds, so you can also opt for hassle free Invest Online platform for transacting in Mutual Funds.
Invest online with the mutual fund
Some mutual fund Web sites allow you to invest online. However, you must check if you have an account with the banks they have partnered with. To increase transactions in Mutual Fund, Mutual Fund companies had tied up with almost all the banks/ all popular banks, to boost go green campaign and to save papers.
Get in touch with the fund house
By going online, you will be able to locate the fund house’s address and phone number (toll free number in some cases). You can call and request them to send an agent over.
Or, if you want, go over personally. Do make an appointment; you may end up wasting time if the person you want to speak to is not available.
2. Visit your bank
A number of banks are mutual fund agents.
Just walk into your branch and ask if they are selling any funds. See if they have a tie-up with the fund house you want to invest in.
3. Ask around
Ask your colleagues, neighbors, friends and relatives. Someone will know an agent. Just ask them for his contact details or ask that he get in touch with you.
4. Visit the AMFI website
The Web site of the Association of Mutual Funds in India has a list of mutual fund agents across the country.
Under the heading Investors Zone, you will find another one called ARN Search. This refers to the AMFI Registration Number.
Click on it and you will arrive at a search page. You can locate an agent in your vicinity by just putting in your PIN code or name of your city.
5. Check the online finance portals
Do you have an online trading account? Then you could check if they also sell mutual funds online.
If you do not have an online trading account and are considering opening one, you could look for a player that offers both.
Personal Loans are unsecured loans that are taken for personal use for which no requirement of any security or guarantee as well as it can be taken for any reason, like wedding expenditure, vacation or acquiring consumer durables. The personal loan is very useful & takes care of all needs and wants. The sum of loan can start from Rs. 50,000 – Rs. 20 lakh & the term for reimbursing the loan ranges from 1 to 5 years.
Benefits of Personal loan
1. Personal Loan is an unsecured loan where one is not required to vow a house or other security to acquire a loan.
2. Personal Loan can be checked with negligible formalities or credentials and is less time consuming to acquire.
3 Personal Loan helps to get bigger loan requirement done, as a person can take a loan ranging from Rs. 50,000 to Rs. 20 lakh without much paperwork.
The major reason for the assessment is the status as to a person is working for an employer that is salaried or a person is an employer himself that is self employed. The features that decide the Personal Loan interest rates are as follows:
•Income of the person
•Person’s Company Status
• Individual’s Credit and Payment history.
• Individual’s relationship with the bank the loan is to be taken from.
• Individual’s bargaining capacity.
Some of the Personal Loan interest rates are discussed below:
- Fullerton India Personal Loan
Interest rate – 19-24
EMI – 14950.1
Prepayment Charges – Nil
Repayment Period – 1-4
Personal Loan Amount – 100,000-1,000,000 - Reliance Personal Loan
Interest rate – 16-23
EMI – 14170.1
Prepayment Charges – 6
Repayment Period – 1-4
Personal Loan Amount Available – 200,000-1,500,000 - HDFC Personal Loan
Interest rate – 15.5-22
EMI – 14042.4
Prepayment Charges – 4
Repayment Period – 1-5
Personal Loan Amount Available – 50,000-1,500,000 - Citi Financial Personal Loan
Interest rate – 16-21
EMI – 14170.1
Prepayment Charges – 4
Repayment Period – 1-5
Personal Loan Amount Available – 10,000-1,000,000 - Citi Bank Personal Loan
Interest rate – 15-20
EMI – 13915.4
Prepayment Charges – 5
Repayment Period – 1-5
Personal Loan Amount Available – 24,000-1,000,000 - SBI Personal Loan
Interest rate – 16-20
EMI – 14170.1
Prepayment Charges – 0
Repayment Period – 1-4
Personal Loan Amount Available – 24,000-1,000,000 - Axis Bank Personal Loan
Interest rate – 14-28
EMI – 13663.2
Prepayment Charges – 0
Repayment Period – 1-5
Personal Loan Amount Available – 1 Lakh to 20 Lakhs - Bank of Baroda Personal Loan
Interest rate – 16
EMI – 14170.1
Prepayment Charges – 0
Repayment Period – 1-3
Personal Loan Amount Available – 20,000-200,000 - Canara Bank Personal Loan
Interest rate – 14
EMI – 13663.2
Prepayment Charges – 2
Repayment Period – 1-5
Personal Loan Amount Available – Rs. 1 Lakh - Corporation Bank Personal Loan
Interest rate – 13.5-14.5
EMI – 13538.2
Prepayment Charges – 0
Repayment Period – 1-5
Personal Loan Amount Available – Rs. 2 Lakhs - ICICI Bank Personal Loan
Interest rate – 14-18
EMI – 13663.2
Prepayment Charges – 5
Repayment Period – 1-4
Personal Loan Amount Available – Rs. 10 Lakhs - IDBI Bank Personal Loan
Interest rate – 13-16
EMI – 13413.7
Prepayment Charges – Up to 6
Repayment Period – 1-5
Personal Loan Amount Available – Rs. 10 Lakhs - Indian Bank Personal Loan
Interest rate – 12.9 up to 20 Lakhs
EMI – 13388.9
Prepayment Charges – 2
Repayment Period – 1-3
Personal Loan Amount Available – Rs. 60000-Rs 1 Lakh - Standard Chartered Bank Personal Loan
Interest rate – 15.5-22
EMI – 14042.4
Prepayment Charges – 5
Repayment Period – 1-5
Personal Loan Amount Available – Rs. 50,000-Rs 30 Lakhs - Bank of India Personal Loan
Interest rate – 10.75-12.75
EMI – 12862.1
Repayment Period – 1-5
Personal Loan Amount Available – 10,000-10 Lakhs - UCO Bank Personal Loan
Interest rate – 14.90
EMI – 13890
Prepayment Charges – 0
Repayment Period – 1-4
Personal Loan Amount Available – Rs. 2 Lakhs - Saraswat Bank Personal Loan
Interest rate – 13
EMI – 13413.7
Prepayment Charges – 0
Repayment Period – 1-5
Personal Loan Amount Available – 5 Lakhs
All the above given rates can be compared on policybazaar.com.