Discover and read the best of Twitter Threads about #TERMLOAN
Most recents (3)
1/10
*OWNING A HOUSE *
Having a self owned home is a dream come true for the majority of us . We still equate it with prosperity & being settled .
But with the alarming cost of reality (especially in Metro's) when does this make sense?
My viewpoint on the same.
+
*OWNING A HOUSE *
Having a self owned home is a dream come true for the majority of us . We still equate it with prosperity & being settled .
But with the alarming cost of reality (especially in Metro's) when does this make sense?
My viewpoint on the same.
+
2/10
(So called)Pro's :
*Having your own place - Pride of possession.
*An investment .
*Having liberty to decorate as per choice { provided the wife permits 😉 }
*No need to shift often.
*Loan available at low interest rate.
Easy way to #leverage in markets (Common blunder!)
(So called)Pro's :
*Having your own place - Pride of possession.
*An investment .
*Having liberty to decorate as per choice { provided the wife permits 😉 }
*No need to shift often.
*Loan available at low interest rate.
Easy way to #leverage in markets (Common blunder!)
3/10
Are these really as good as they sound?
*The pride of owning a house comes with buckets of stress ,for most of the properties are purchased taking huge #loans spread across 2-3 decades of repayment.
So are we actually owning a house or is the bank possessing us ? 🤔
Are these really as good as they sound?
*The pride of owning a house comes with buckets of stress ,for most of the properties are purchased taking huge #loans spread across 2-3 decades of repayment.
So are we actually owning a house or is the bank possessing us ? 🤔
#RBI cut by 40bps each of these👇
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%
Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut
#MPC meet was held ahead of schedule from 3rd-5th,June
#EMI #moratoroum extended by 3 more months
#Repo rate to 4%
#ReverseRepo to 3.35%
#BankRate to 4.25%
Decision was reached after 5:1 vote,with #ChetanGhate,lone voice calling for 25 bps cut
#MPC meet was held ahead of schedule from 3rd-5th,June
#EMI #moratoroum extended by 3 more months
Moratorium extension till 31st August 2020,is both timely &reflective of @narendramodi govt's alacrity--Big relief to #MiddleClass
Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful
This will reduce #NPAs &stress on banks' balance sheets
Measure to convert #moratorium interest payment into #TermLoan payable in FY21,is helpful
This will reduce #NPAs &stress on banks' balance sheets
#RBI's cut in #Repo will reduce cost of funds&extension of #moratorium will be supportive of financial stability;#Rates across #YieldCurve will move lower from current levels
Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend
#Covid
Fall in #ReverseRepo rate will disincentivise banks from #hoarding #liquidity&coax them to lend
#Covid
@RBI #moratorium of 3 mths of #EMIs on all oustanding term loans as on Mar 1, 2020. Includes all #Banks & #NBFCs. #EMI payments will restart only once the time period expires. A #creditcard #loan is not classified as a #TermLoan. It is basically revolving #credit. @fifaindiaorg
This #EMIHOLIDAY is not a Waiver. Once things are normal the deferred #EMIs have to be paid. It simply won't have a negative effect on #CIBIL score. This will not happen in an automated manner, bank has to approve on the basis of request. #moratorium @RBI #RBItoday #rbigovernor
While #CreditCards are defined as revolving credit & not term loans, as per clarity from @RBI it is clear that credit card dues are also covered. Though this must be avoided if possible. #Moratorium #EMIHOLIDAY
