Dear Folks,
I know that Im writing this blog after a year, So never mind the kind of flow that I may be using in this blog.
Im a person personally we never believed on lending and LOAN, I thought that it was shame on us to get a Loan from anyone, or even
from any way..
But there are some circumstances that your Loan through any bank can help you, I dont know whether you had heard a term in the
Financial World called Liquid cash or Liquidity. Yes CASH that you have in hand will make you or rather decide you as KING or the
KING's ______ not to mention here.
I would like share some of the experience of mine with the Bank that I got Processed for Loans.
Certain Preassumptions that we need to take before taking LOAN according to me.
Things to Remember on the Loan Negotiation and during/after disburstment
End of the day, when the Loan is disbursed, ensure there is no hidden charges collected while disburstment or via Cheque on the Prepayment. These are the normal tricks of the Bank that they follow.
Anytime If you have some confusions, please write to the helpline along with the Account No or the Ref No, for sure the system generated ticket has to be closed and this will help to sort all your queries.
Hope this is bit better, While i need to rush now, I will talk a lot on my expereince in the Next Blog very specifically apart this general Info.
Cheers
PP
I know that Im writing this blog after a year, So never mind the kind of flow that I may be using in this blog.
Im a person personally we never believed on lending and LOAN, I thought that it was shame on us to get a Loan from anyone, or even
from any way..
But there are some circumstances that your Loan through any bank can help you, I dont know whether you had heard a term in the
Financial World called Liquid cash or Liquidity. Yes CASH that you have in hand will make you or rather decide you as KING or the
KING's ______ not to mention here.
I would like share some of the experience of mine with the Bank that I got Processed for Loans.
Certain Preassumptions that we need to take before taking LOAN according to me.
- Please be sure that the LOAN is defenitely required for the purpose, either CAR, HOME, PERSONAL. Do not got or get in to Loan for the Need that you are not having really, Please please ensure that LOAN is to support you, not to get you in ditch.
- Ensure and evaluvate the amount of CASH that you have, so that you can minimize the LOAN amount, not only money, rather you will be mentally free after closing the same.
- Bank is no time a person or a Company that will favour you or helping you, its mere business that they are doing. So please talk business when you approach Bank, dont beg with them.
- Please be sure how long you want to get commited, according to me the thumb rule will be if you are capable of spending 30% of your salary, then you will be hassle free on the commitments that you will make on the Loan. Please dont raise the 30% if you want to live happily.
- If you need a Loan then you need to prepare yourself for the Loan claiming procedures. Never ever go by word of mouth on finializing or choosing a Bank or the Finance Organisation, No one is your friend or relative over there to help you, Mind again they are doing business and they dont do charity.
- Makesure you have atleast one month time for your Home Loans and atleast 15 Days for your Car Loan.
- Please makesure you have all the documents like PAN, Passport, Address proof, photo, etc ready before you approach them.
- Please call up them and talk to them personally, no phone talks on the negotiations.
- Please be frank on disclosing the rates of the Opposite Banks, this will give freedom for them to check the rates internally, afterall they are paid to get the Loan rather Sell the Loan to you, again they are not halping us.
- Keep your mind mentally prepared to clarify your doubts.
- Ask all silly questions to them, let them go mad and go crazy on you, end of the day you are self satisfied on wat you got clarified, and you are the person who is going to pay the money.
Things to Remember on the Loan Negotiation and during/after disburstment
- If you need a proper hassle free flow on the Loan process, if you all notice most of the time, there a representative with less knowledge is sent to collect the documents first, So please stop at that point, talk to him ask of the concerned Manager or the responsible person who had sent him.
- Write an email and post all the conversation to him via Email, post all your queries on email and have a written proof with you on all silly things aswell.
- You may not know how many * marks that may come along you sheet when you sign the agreement, so all the conversations on mail will help to un knot the unsaid queries later.
- Bank will always need every thing to be Safe on their side, so then why not we, take all concerned proof signed or scanned from the Bank Officials
- I know this could be a pain, but this is essential.
End of the day, when the Loan is disbursed, ensure there is no hidden charges collected while disburstment or via Cheque on the Prepayment. These are the normal tricks of the Bank that they follow.
Anytime If you have some confusions, please write to the helpline along with the Account No or the Ref No, for sure the system generated ticket has to be closed and this will help to sort all your queries.
Hope this is bit better, While i need to rush now, I will talk a lot on my expereince in the Next Blog very specifically apart this general Info.
Cheers
PP
