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Loan Management Print E-mail

 

 

Under personal finance most of individuals look for loans unser the following three heads:

 

1.      Housing Loans

2.      Conveyance Loan

3.      Personal Loan

    HOUSING LOANS 

          Housing loan is offered by several banks and financial institutions. Housing finance companies offers to Indian residents and to Non-residents Indians with certain terms and conditions. The upper limit of the loan has now gone up to 1 crore. Each income tax assesses must avail housing loan to get benefit of interest deduction allowed under the present law up to Rs1.50 lakh pa  and Rs 1,00,000/- deduction allowed u/s 80(c) of principal amount.

  CONVEYANCE LOANS

    Conveyance loan is provided by banks and many other financial institutions

 PERSONAL LOANS

 Personal loan is generally given by a number of financial institutions and banks depending upon one’s income. To be eligible for this , one has to be salaried person or professional with high/medium income.

We at settlers help our client to decide the best loan option which will suit the criteria for the loanee and will also ensure minimum interest on the loan to every member. 

 

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Market comment & outlook
 
* Sensex and Nifty witnessed a upside of 334 and 105 points, respectively, during the week (As on 6th Feb 09--13th Feb, 09).On Monday The Sensex ended the day with a gain of 283.03 points,or 3.04% at 9,583.89 after touching a high of 9,601.56 and a low of 9,329.23.The broad-based NSE Nifty climbed 76.80 points, or 2.70% at 2,919.90 after hitting a high of 2,926.75 and a low of 2,840.15.
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Market Snapshot:

The benchmark indices have rebounded smartly on the back of support from positive global cues and ended the last day of a week on a strongnote. The support has seen from capital goods, power, banking, metal, oil & gas and realty stocks. Midcap and small cap stocks also followed the same trend; wherein media stocks witnessing good buying interest while railway related stocks declined after Railway budget. 
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