Loan is low no more low

Started by sukishan, Aug 21, 2009, 02:22 PM

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sukishan

Aug 21, 2009, 02:22 PM
Loan is low no more low
In the last few years the property market in India has undergone a major transformation, and in some ways aligned itself with global standards. The developer community has become more professional, ensuring better quality and timely delivery. Besides the residential sector, the commercial and retail sectors have also grown at a healthy rate.

However, there is still a huge demand-supply gap in the housing sector. Consequently, the real estate market that has grown at a galloping pace in the past is expected to maintain the momentum in the future. Most of the times we compare education loan rates to compete the various banks and exclusive offers given by them.

The mindset of the Indian customer, as far as taking a loan is concerned, has undergone a change. Unlike the cautious or even negative outlook on loans a few years ago, today, the consumer has a far more positive and open outlook on taking a loan. He feels that taking a loan enforces on him a sense of greater financial discipline, as he is bound to use a part of his salary to pay the Equated Monthly Installments (EMI), rather than spending on things on an ad-hoc basis. He also prefers it to other options such as borrowing from friends and relatives, because in his mind, taking a loan is about being self-reliant, and this gives him a greater sense of self-respect.
A good beginning makes a good ending

jazmartinn

#1
Mar 04, 2012, 02:04 AM
As with a loan, if you are a good customer, use your card regularly, and pay back your debts on time, then your credit rating increases. If you have a good credit rating and call up the company to request a lower rate, they will probably be happy to do it rather than lose your business.

Birjua

#2
Jan 29, 2013, 05:08 PM
Quote from: jazmartinn on Mar 04, 2012, 02:04 AM
As with a loan, if you are a good customer, use your card regularly, and pay back your debts on time, then your credit rating increases. If you have a good credit rating and call up the company to request a lower rate, they will probably be happy to do it rather than lose your business.
Agree with you that good credit card rating much appreciated by company. ;)
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