Re: emi calculator
by Dipankar Dutta on Jun 15, 2009 10:07 PM Permalink
You are a fool. How do you expect that somebody will give you his money making tool without any business?
rediff has posted a good EMI calculator tool after such long time but would appreciate if rediff can add after tax benefits(savings), asset depriciation, rental income parameter to calculate the yield more accurately than just mere calculating EMI.
DONT GET TRAPPED IN GOVT. PLAN TO LURE YOU TO TAKE HOME LOANS AT LOWER RATE. HOUSE PRICES ARE STILL WAY HIGH AND YOU WILL END UP DEFAULTING ON ANY LOAN YOU TAKE DUE TO THE ECONOMIC UNCERTAINTY. THE HYPE OF STOCK MARKET BOOMING ETC. IS ALL FAKE TO CHEAT GULLIBLE SMALL INVESTORS.
Re: dont get tempted
by Reshma Raval on Jun 30, 2009 04:24 PM Permalink
I agree to you the home is still costly and home loans at this time are still high i went to bank 2 enquire but they say the home loan for first year is 8% and from second year it is 12% and is variable depending on the market. Lets see what govt is going to to in budget as not having any hope from govt as it can only partly increase deduction in tax of the home loan in which max. share will be principal amount and few increased amount will be interest(Principal amount is accumulated in Rs 1,00,000 saving and interest is partly increased) this will help Builders to not lower their rates.
Need a good step from goverment where reducing of home rates as well as home loan as the home rates are still high which includes now 25% of black
How long Rediff shows only loan calculators? How many people will realize the amount of interest being paid is more than the principal? The design of calculator is good but will it suggest whether we are creating wealth or just helping a bank to grow rich? What would be our asset value after 20 or 10 or 15 years? what is the actual benefit? Before tax, after tax and ....
Re: Loan Calculators
by emani rao on Jun 09, 2009 02:08 PM Permalink
Are ! Bewakoof, Just think the otherway. Suppse the EMI at starting of loan repayment is x% of your monthly income, it will be a fraction of it when at the end of your repayment.