Finance

Real life experience and money saving tips about home loan, personal finance, credit cards and things that bank would not tell you.

Home loan insurance can act as your guarantor, if you do not have any

Home-Loan Insurance as Loan Guarantor in India

 25 Apr, 18 

Get home loan without guarantor by using Home Loan insurance. Bank needs a loan guarantor for approving home loan in India. Home-loan insurance can be a collateral security if relatives can't help. Premium is high. Insurance is only for loan and Home property insurance is separate. Premium can be paid monthly with EMI.

10 Finance
CTC re-structuring to increase in hand salary

CTC re-structuring to maximize in-Hand salary in India

 25 Apr, 18 

Use conveyance, medical, telephone, education, HRA, LTA, training, qualification allowances to pay for services without paying income tax. They can be part of your CTC and help you increase your in-hand salary.

2 Finance

LTA – Leave Travel Allowance, Income Tax Rules explained

 20 Apr, 18 

LTA is leave travel allowance meant for making tax exempt holiday once in period of two years with or without family. Air travel, train ticket cost (economy or first class AC), hotel and taxi bills within India (no abroad) are allowed. Full LTA that is part of CTC can be claimed with receipts.

10 Finance
Margin money home loan india - How the payment is divided between you and bank?

Margin Money in Home Loan with Indian Bank

 19 Apr, 18 

Margin money in home loan India construction linked plan is paid with bank payments to builder. Use personal loan, top loan to arrange margin money with SBI, HDFC home loan. Bank safe-guards itself by asking consumer to pool money from their pocket and maintain bank's share in total loan disbursement.

49 Finance
Old Check with printed address is valid to issue even if you change your address in USA

Order New Checks on Address Change in USA?

 17 Apr, 18 

You can use the checks with old printed address when you move to new one. Change your address in Bank records but the old checks will still work.

0 Finance

How to file US Tax on NRE Interest 1099-INT

 11 Apr, 18 

File NRE account interest in USA tax return. Exchange rate for USD conversion by IRS. 1099-INT is not given by Indian bank. NRE NRO FD interest is taxable.

66 Finance