Kavitha Menon's Blog

Property investments have to be carefully considered and evaluated. There are many online sites that help you make preliminary inquiries about location, prices and deals in property markets. Here are a few such websites that you must go through for preliminary investigations about the property that interests you. 1. Property Search Portals There are several websites dedicated to listing properties directly from builders, property owners as well as from agents/brokers. These sites help you scan through hundreds of properties from the comfort of your home. Mainly the features they offer are Facilitating search amongst several properties by sorting them on the basis of price, location, covered area etc. Providing information about amenities, local infrastructure like schools or hospitals, connectivity and price history. Sites like magicbricks.com, a leading real estate portal, help you not only search but also register your requirements, which is in turn relayed to l...

My client complained that he was being offered a ridiculously high rate of interest on his car loan. It was surprising because he was a 'Privileged' customer of his bank and had no other liabilities. On enquiry, he was told that he was offered a higher rate due to bad CIBIL score. What is a CIBIL score and how did it impact my client's rate of interest on his car loan? CIBIL stands for Credit Information Bureau (India) Ltd. It collects information about borrowers like my client from all Banks and lending Institutions operating in India, collates such data and creates, maintains and distributes a report on credit history of commercial and consumer borrowers like credit card users, home loan or personal loan borrowers. Their report called Credit Information Report (CIR) is a factual record of a borrower's credit payment history compiled from information received from different credit grantors. Its purpose is to help credit grantors m...