u/jessica_rabb1t

Loan stock vs debenture vs bond. What's the difference?

Ever wondered how these financial instruments differ from one another? Let’s break down the key features of each so you can understand what sets them apart!

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u/jessica_rabb1t — 5 days ago

Education loan help needed

Hey everyone, I need some advice. My total college fees, including mess charges, will be around 12 lakhs. To get the loan, I need to provide collateral. My dad only has one plot of land, but there's already a loan taken against it.

I'm wondering if it's possible to get a loan for the first 2.5 years of college that's roughly 7.5 lakhs and then the rest will be paid by my family. Has anyone tried this or knows if it can happen?

I tried reaching out to bank officials, but I didn’t get a clear answer. Please, I really need your experiences or suggestions. Can this be done? Please reply!

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u/jessica_rabb1t — 10 days ago

Here's a quick overview of your situation: You own a house in Bhopal that you plan to sell for around ₹80 lakhs. Your goal is to buy a new flat in Pune, priced at approximately ₹1.45 crore, with possession expected in 2029.

The Pune builder offers flexible payment options, including a 25-25-25-25 plan over four years or a construction-linked payment plan. You're seeking advice on how to best manage the ₹80 lakhs you'll receive from the sale, focusing on these key points:

  1. How to invest this money wisely until it's needed for your home payments.
  2. The ideal amount of home loan to take, considering the builder's payment plans.
  3. The best financial strategy to reduce interest costs and maintain liquidity for your scheduled payments.

You're looking for detailed guidance to help you make the most cost-effective and secure financial decision for your move. Let's plan your next steps to ensure a smooth and financially smart transition!

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u/jessica_rabb1t — 30 days ago