Moneycontrol

Chat Transcript

  • Vineet Jain

    11 Oct - 12:00hrs

    How to raise money quick and cheap?

    Vineet Jain CEO, Loanstreet.in

  • Posted By: guest:

    Good to buy residential house now ? or prices might get changed

    Posted By: Vineet Jain

    : Hi it`s good time to buy prices are low rera implementation is done and interest rates are also low you should go for it

    Posted By: guest:

    I have just taken a home loan a leading bank to finance a under construction property of a leading builder. Have already paid 60 of price and the loan is for the reminder. The loan was also processed by the builder. Now each tranche request is raised with a hefty interest clause for (of course I had signed the agreement as an excited buyer would without comprehending the repercussions). The first tranche was slightly delayed and as there is a little buffer is manageable.Consistent delays would be a concern. Tranche requests are raised once every 10-14 days. Good in the long term as the possession will be sooner but there is a real risk of the bank disbursal not happening on time consistently. Is there a way I could avoid bank disbursal delays?Could I park one tranche as deposit with the builder to cover for delays? Am l liable to such delays?

    Posted By: Vineet Jain

    : You are liable for delays as the contract is between you and the bank. The best way is to take next few demand letters from the builder in advance and talk to the bank for advance disbursal as well

    Posted By: guest:

    Hi.. My question might sound funny but I have this on my mind. Please help. I have availed home loan for 35 lks and I am in my initial year of repaying, so I havent payed any considerable principle yet. Now we have 4 lks of amount and planning to buy a car(without loan). Would it be advisable to buy a car without loan or repaying that amount to home loan principal and availing car loan?

    Posted By: Vineet Jain

    : Not at all funny it`s very prudent that you take the car without loan as it`s short term loan at high roi as compared to your home loan

    Posted By: guest:

    I have a homeloan balance of Rs.3675000 @ 9.45 with balance tenure of 24 years. I am requesting my banker to reduce the int post demonetaisation . However they are not reducing it and for change of rate of int 9.45 to 8.9 they are charging me 9000 Service tax. Pl advise is it right to change to other bankers with less interest and to pay the fees to current banker for change of ROI.

    Posted By: Vineet Jain

    : Pay fees to the current banker as transferring will have its own hassles

    Posted By: guest:

    hello i want to start quick service restaurant and i have little fund. so what is the best and cheap option available to raise a fund?

    Posted By: Vineet Jain

    : Best of luck but new business u will need to give a property and try to raise money against that

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