Thursday, November 11, 2010

How you avoid Credit card Bill.

Credit card used to pay each and every bill of everyday.You can pay your utility bill to flight ticket charge and your shopping bill.Credit limit decided on the basis of your credit rating and the credit rating judge by the financial institution according to your income your financial condition.If you have good credit rating than you can also able to apply for the unsecured credit card.Unsecured credit card is convenient for the people ,those have huge expenses ,and it is not possible to carry cash each and every time or it can be beneficial when you need to travel out of your home town for your job and business on this time unsecured credit card help you a lot.There is also demerits of unsecured card is that some time you cann’t control your expenses which will create financial burden on you.

Interest on some credit card high and for some credit card interest rate is zero. So when you go for credit card from your bank or any financial institution ,it is better that you can checkout all the detail available in the market, which help you to save your money.

Secure credit card is one where you need to deposit security amount and as per your security amount your credit limit is decided. Secure credit card help you to build your credit rating .Each and every credit card company report to the credit bureau for your payment status which help to build your credit rating .

Credit card debt is create a financial burden on you and if you use more than your credit limit ,you need to pay penalty fees on that, not only that if you forget to pay your bill on time than you need to pay interest on the due amount, which is also create a unnecessary burden on you.

You can easily avoid the unnecessary charges on credit card debt by preparing budget and avoiding the unnecessary expenses, use cash to every day shopping.

Friday, October 29, 2010

East Asia develop as tourism hub

Everywhere there was panic of financial crisis in Eastern Asia South Korea, Japan to Philippines were the major tourism country affected by the global financial crisis. One of the biggest tourism markets is Philippines; many tourists from South Korea come to that place. But this year rate declined by 9.4 %.. China contribution to the to the Philippines tourism industry is nearly about 15 %.

Global crisis is the main reason for the decline of the tourist inflow which leads to the several damped consumer sentiments leading to the reduction in the tourism. Japan and South Korea are the top markets that represent from were maximum number of tourist arrive to Philippines. Hotel, travel and other industry comprises are the part of Hospitality industry are the most expensive industry of compare to other industry in Asia.

It is very tough phase for Filipino tourism industry as foreign tourist arrives dropped admits unfavorable business condition. As the hotel prices are relatively higher in the Philippines than other Asian countries, the government should encourage construction of new hotels and other tourism-related establishments. Construction of new hotels will spur price competition and increase the availability of rooms, which, in turn, will push the foreign tourist arrivals in the country.”
South East Asia which include India, Pakistan, Nepal and Bhutan. India is now become the largest foreign tourist destination but Indian tourism industry is also affected by terrorism, undeveloped infrastructure facility. Nepal and Bhutan is also not getting the importance among the foreign tourist.

India has big advantage of large number of efficient doctor, surgeon and world class medical facility, and most important is that cost of medical expenses is comes one third in compare to US and any European countries. So, different patients from all part of the world come to India .Indian Govt. also develop different infrastructure facility to become one of the important medical tourism destinations in the world.
China and Thailand are two big competitors in the same field. China has good number of physician but there is not world class facility available second Chinese are not able to speak English as fluently like Indian .Thailand has all the option to attract the new medical tourist.

Saturday, October 9, 2010

How big is the sukuki bond market and what are their advantage

The market for sukuk is estimated at $85bn at year2007. The market is divided into two broad categories; on the one hand, global sukuk(which are listed on global markets and usually denominated in international currency, mainly the US dollar), and on the other hand , local or domestic sukuk(which are issued by Muslim issuers on their respective domestic markets, and are denominated in local currencies).
Listed sukuk represent roughly one-third of total sukuk outstanding, or $30 bn. We, at S&P, do rate sukuk for an outstanding, amount at mid-year 2007 in excess of $12 bn, or 30% of listed sukuk.
For issuers of sukuk , one advantage is to have access to alternative sources of funding, while diversifying funding sources. Given the wider appetite for these assets-based (and sometimes assets-backed) securities, issuers a can broaden their investors more inclined to comply with religious rules. Finally, sukuk have upside value embedded in them , reflecting the very begin economic environments from which sukuk are issued, mainly the Gulf region and south East Asia, both growing very fast and where the outlook is positive.
Capitalization in the sukuk market has been substantially increasing over the last seven years. The sukuk market has increasingly grown exponentially since 2000 with an average growth of approximately 805 per annum. It grew at a slower rate in the beginning, but suddenly accelerated in 2003. Initially, the market was limited to the domain of sovereign issues; however, realizing its vast potential , a number of corporation in the Middle East as well as Asia have started to take opportunity.In 2000, there were only three three corporate sukuk worth almost $5.7bn; and in 2006, the figure substantially grew to exceed $27 bn.
The global sukuk market continued its rapid growth in the first half of 2007, edging up 75.1% YoY while the international sukuk market expanded by 83..3%YoY. The first semester of 2007 also saw sovereign sukuk issues rise to total of $4.4 bn as compared the corporate sukuk had risen to a total of $20 bn. In term of currency, as at the end of june 2007, Malaysia ringgit-denominated sukuk represented 70% or $17.2 bn of the total sukuk being issued globally.

In line with the development of Shari’ah banking, the Islamic capital market in Indonesia is also on the rise. The growth of Shari’ah bond issues. Till now, 17 Indonesian corporations have issued Shari’ah bonds woth almost IDR2,209.4bn ($245.5 mn), with two types of Shari’ah bond so far, namely Ijarah, accounting for 63% (IDR 1,394.4 bn) ($155 mn) and Mudharabah for 37% (IDR 815 bn) ($90.5 mn).

Thursday, September 30, 2010

Interest free debt consolidation

In the finance market there is lots of changes comes up after globalization. As every country think to reduce there import duty to actualize the open economy process. In the financial market too banks and the govt. of every country want to reduce there interest rate near to zero. In some countries bank are already reduce their interest to zero. As per Islamic finance and sariah rule interest is strictly prohibited .That means the whole world financial market try to adopt the same think tank as Islamic finance, which they apply from last hundred of years.
In Islamic finance debt, mortgage, investment and debt consolidation all applicable if they follow the sariah rules and regulation. In Islamic law interest is strictly prohibited, but you can help other with debt, or be able to take debt if its interest free. Interest free Debt Consolidation Company, lender of debt or mortgage issuer can charge a specific fix amount as installment and they fix the installment with their rent.Interest free debt consolidation company can fix the monthly or quaterly payment for there coustomer and there commission charges also include on the installment amount this will help to the customer to get out of the unnecessary burden with change in interest rate in the market.Interest free debt and mortgage also has the same benefits.
Few years ago all the investor from Middle east invest their income from petroleum export in US bonds , and they leave there interest they just get the profit of increased value of the US bonds.
These will beneficial for US bonds issuer too. When the US dollar market value reduces after gulf war, the Middle east investor change their mood of investment and they shift their investment from US dollar bond to other courtiers bonds. On the mean time innovation of the sukuk is give a lot of help to the middle east investor .UK is the first country want to develop their market as a sukuk hub to get the middle east investors money and on the mean time rise of Euro also helps a lot. Japan , Singapore and China are some of the big name from Asia run on the same path. Malasia become the largest sukuk bond market in the word after the innovation of sukuk but there is great competition from Singapore, Japan and China.

Saturday, September 25, 2010

Bigger prospect of sukuk

Despite the stupendous rise in terms of volume, the Islamic bond market is just like the tip of the iceberg in comparison to the overall global bond market. The development which has taken place so far has mainly been driven by economic and political factors. The so-called a war on terrorism in the aftermath of the September 11, 2001 attacks on the World Trade Centre has helped immensely to instill a sense of Islamic identity across the Muslim world, prompting many more to seek ways of expressing their religious convictions. Adding to this, further are the strengthening oil prices which have fueled an unprecedented economic boom in the Middle East.
To capitalize on the new-found interest among investors across the globe,issures are placing greater thrust now on innovation in an effort to cater to different classes of both buyers as well as investors. This has seen players-structuring and development of new products and services which are Shariah-compliant. For instance, experimental ideas are emerging in product and infrastructure finance, apart from sukuk. The most visible sign of this innovation is seen in retail products, such as Islamic mortgages. And the next focus for innovation in retail products will be the Islamic credit cards, or the creation of quasi overdraft facilities (based on a concept known as tawarruq). Experimental ideas are now also emerging in product and infrastructure finance, aside from sukuk. Private equity is showing intense interest too, as is the so-called diminishing musharaka (sharing) structure, which produces an effect akin to the amortization of a loan. However the field which is arguably attracting the most brainpower is derivatives and structures finance. But, concepts such as derivatives and hedge funds, for example, are considered particularly controversial, given the Qurans ban on gharar (speculation). Nevertheless, these criticisms are certainly not inhibiting the development of new ideas at present. On the contrary, most observers believe that product proliferation will further intensify this year.

Thursday, September 16, 2010

Islamic Debt bond Market

Debt and interest on debt is strictly restricted in the Islamic countries. Free debt help is allowable without taking any interest ,or these can be treat as help to someone without intention to get interest from the lending person. As per Quran taking interest or paying interest on debt or loan is against the sariah law. So the bond investment is not popular among Muslim. Most of the petroleum exporting countries are investing there surplus amount in the US free debt help bonds and they not taken interest on the investing amount, these is beneficial for the US and also helpful for these country to protect their religious value. Sukuk which is plural form of sakk is come into existence to fulfill Muslim believe which is also a same thing as free debt help bond where there is no interest is calculated on invested amount of bond. There is no interest is calculated on the bond value.
Sukuk bond market demand continue rising after its arrival. The main reason behind the increase in the sukuk demand is devaluation of market value of the dollar and recession in US economy.
Most of the petroleum exporting country are investing there surplus in US bond market but after 2000 when the US dollar market value continue depreciated and the US economy faces lots of problem and there is continue rising of the US fiscal debt than there is a big problem arises for the OPEC investor and they think that they loss there reserve market value.
Euro would give another option to the investor, but euro unable to become the close competitor of the US dollar.
Islamic finance today is led predominantly by sukuk(plural of sak) bonds; sukuk is an Arabic word which means “certificates.” In its simplest form, sukuk are analogous to assets-backed securities which provide an investor ownership right of an investor ownership right of an assets. The most important criteria for the issuance of sukuk are the existence of the underlying assets on the balance sheet of the issuing entity, which distinguishes sukuk from conventional bonds. Unlike the conventional bond, which is a contract debt obligation entitling the holder to receive interest as well as principals on specified dates, a sukuk holder enjoys proportionate share in the revenues generated by the sukuk assets as in the proceeds of the realization of the underlying assets. Another distinguishing feature of a sukuk is that in cases where certificates represent a debt to the holder, such certificates will not be trade-able in the secondary market and instead is held till the maturity period or sold at par. Moreover, adherence to strict Shari’ah rule, which prohibits speculation, prevents Islamic investors from using conventional hedging tools such as interest rate swaps, forwards or options to offset fluctuations in interest rate and currencies. In last couple of years, the Islamic bond market has undergone huge expansion, partly boosted by the oil-driven financial liquidity in the Gulf and the rapidly growing number of Muslims seeking more religiously-sanctioned products. However, the western world too has begun several banks
Insurance and pension funds, particularly from Europe, entering the fray, with the aim to tap the boom in the Gulf economies led by soaring profits on the back of strong oil prices during the past five years.

Thursday, September 9, 2010

Credit Repair after bankruptcy

Repair Credit after bankruptcy is hard but it can be done.You need to create a good transaction history to apply for the credit card.Try to avoid bankruptcy because its badly affect on your credit score, but it don't mean you can loss everything after bankruptcy.
Try to avoid unnecessary expenses or postpone the unwanted expenses for future.Try to use cash for most of the transaction.First you can prepare the monthly budget for your income and expenses this help you to get the actual picture of your financial condition.

You can apply for the secured credit card where you need to deposit a specific amount with the issuing company as a guarantee deposit.This deposit is work as your credit limit.
This guarantee money is refunded when you make a good transaction history with the bank.

Its very easy to get the personal loan or car loan and the installment payment for your loan is also measure for your credit history.If you have made all your installment payment on time than this will go in your favor.

You can apply for store card, this is the secure credit card. Getting the unsecured credit card is the last step.
If you can create a good credit history by paying all you installment on time and there is no default history than you can apply for the unsecured credit card. If you rejected than apply on next half of the financial period.

These are the steps for repair credit after bankruptcy, but if you control your unwanted expenses than sure you don't need to face the problem of bankruptcy.
Future financial condition is not predecide but at least you need to make proper arrangement that if there is any adverse condition arises tan what is your backup support o get out of the financial crunch.

Many time people select the the big installment option for payment of there loan and try to come out of the debt as soon as possible, but when they select the big installment option they donĂ¢€™t assume there future uncertain financial condition. Suppose your monthly income is $20000 and your mortgage installment is $10000 and due to some reason there is medical bill come $ 50000 ,or you got married or you become a father than your monthly expenses increases and you cannot be able to afford the huge installment payment. This is better than you can fix your installment 40% of your income to avoid these circumstances.

You made all your A to Z expenses with card so, you made a huge expenses on different payment.Try to avoid unwanted expenses or make the cash payment when there is small transaction and always try to use your resource by planned manner. Budget is the best way to control your unwanted expenses.

Wednesday, September 1, 2010

Russian Economy dependence reduce on petroleum

The investment climate in Russia has improved after the government’s efforts to attract private investors. The country has been witnessing several high-profile development deals with western companies. The first global beyond fund in Moscow is Texas Pacific Group (TPG). Others include IKEA, the Swedish furniture retailer, Wrigley, the American chewing gum maker and Wal-Mart. Western firms are also attracted to the consumer boom in Russia. On the other hand, domestic firms are also rising hefty sums for investing in the domestic markets. Overall, Russian firms raised $2.75bn through stock offering in 2006 .However industry expert says that the domestic growth in many sectors is possible only if there is an influx of cash from its primary resource industries and rapidly increasing service industries.

The banking sector is dominated by the state-owned players Sberbank and VTB. Experts opine that the Russian government’s banking model is required to be a mixed banking model is required with dominant role for several state-owned banks competing with strong private and foreign banks. Ideally, In the coming days, There may be some consolidations or tie-ups with strong private and foreign banks. The recently reported Russia-based Ros bank and France’s Societe generale merger is in the right direction. So far, the largest M&A deals are in oil and gas, metals and mining industries. Although, the FDI in Russia is still much lower, It is ahead of Japan and Canada.

Russia may achieve dynamic economy status as the country is slowly moving away from oil dependency. Besides, the recent entry of Russia in the WTO may attract more foreign competitors to the Russian market. However, much depends on the public and the private sectors to effectively act as intermediaries for the demand and supply to determine the shape of Russia’s medium term future, economically and politically. To join the world as a competitive partner, Russia should capitalize on its resources and boost its economic development. However, global experience reveals that natural resources may turn out to be a curse, rather than a blessing. More ever, the increasing corruption level may hamper Russia’s economic diversification. Adnan Vatansever, Associate Fellow at the Institute for the Analysis of Global security (IAGS) warns, “Undoubtedly, Russia has emerged as one of the world’s primary energy suppliers today. Its increasing reliance on natural resources, however, raises questions essential for Russia’s future evolution as well as its international role.

Friday, August 27, 2010

Cadbury Schweppes.................... Beverages on Block

On June 19, 2007, Cadbury Schweppes, the world’s largest confectionery company and the makers of popular Dairy Milk chocolate,in a significant yet surprising development, announced its decision to separate its American confectionery and beverage businesses to concentrate more on it confectionery business. The move assumes significance as earlier, in March 2007, the confectionery major had stated that it would either sell or demerger its Americas Beverages, which owns brands such as Dr Pepper,7Up,Sunkist, Snapple, and Hawaiian Punch. However, executives at the London-headquartered firm stressed that it was not a surprise move as the confectionery giant-as stated by Ken Hanna, Cadbury Schweppes’ CFO – had “been working on the possible separation of beverage for at least a couple of years”. Such explanations in the media by some investors that the British giant might itself be up for sale. Some investors even speculated that Cadbury’s decision might have been influenced by the US activist investor, Nelson Pletz, who recently acquired close to 3% stake in the British major.

The transport and General Workers’ Union (T&G), which has some 2,000 of Cadbury’s 3,500 UK workforce as its members, has expressed concern about Pletz’s intentions.”Cadbury is iconic British brand and a very successful company which does not need the attention of Pletz”, said Brain Revell, T&G National Organizer for food and agriculture. He termed Pletz’s intervention in Heniz as “a ruthless pursuit of profit for share holder”.He added, “Cadbury, with its Quaker background, has been an enormous success for all its stakeholders and shareholders as well as its workforce.

Thursday, August 19, 2010

Japanese real estate boom or a bubble

The US sub prime crisis in several ways is reminiscent of the property bubble that took place in Japan in the 1980s. The two events, though separated by almost about two decades, share several striking similarities. Both bubbles were inflated by heavy speculation which, in turn, was fueled by a combination of easy availability of finance and an explosion in new, complex financial products. At its dizzying height, property prices in Tokyo’s Imperial Palace valued more than the entire land in Florida. During the 1980s, Japan’s economy experienced rapid surge in asset prices, increase in money supply and credit, and an expansion of economic activity. What further led to the emergence and expansion of bubble were factors like protracted monetary easing, taxation and regulation biased toward accelerating the rise in land prices, progress of financial deregulation and aggressive behavior of financial institution. During the bubble period , Japan implemented policies that facilitated easy credit Japan and organized large trades through loans from banks. The most famous economic bubble lasted from 1986 to 1990 and it has taken Japan over a decade now it recover from that crisis, although banks are still grapping to clean their balance sheets while land prices are on a journey down south.

While such atrocious valuations may be missing from the US real estate scene, the fact is that the US housing prices kept pace with and even outpaced inflation consistently till 2005.

Between 2000 and 2005, the housing pieces in the US leapt up from about 5% to close to triple the digit. The mortgage lenders dearly with many of them, including Citigroup and Merrill Lynch, writing off billions of dollar question is there any lesson to be drawn from the Japanese assets bubble?

Friday, August 13, 2010

China become the largest technology exporter of the world

China was once viewed by the world a manufacturer of low quality and low priced products such as toys, apparel and textiles. However ,this perception is no longer valid.

It is rapidly emerging as a world class producer of advanced technology products, including semiconductors, fiber optics, pharmaceutical, etc. China’s incredible economic growth has been achieved mostly by its trade and export supremacy. Low manufacturing costs, abundant technically-skilled labor and thriving consumer market have pushed China towards becoming a global manufacturing hub.Its ‘global path’ has stretched significantly. It is now the world’s largest producer of the mobile phone,PCs,and cameras.The huge domestic market is attracting mammonth hi-tech firms worldwide,which have found a ninch in China. The country is in the process of becoming a technology superpower soon.For instance,though a meager 8% of Chinese have access to the internate , this equates 100 million people online, second only to the US. China replaced America as the world largest technology exporter.

Nonetheless, China has long way to go before it could catch up with the US on the technology front. The gap between both the countries in terms of progress in high-technology. The dragon is slowly gearing upto challenge the American dominance in the technology world.The main problem with the Chinese electronic sector is that most of the branded producer facing the problem from duplicate items with low quality.Suppose a black berry device which is a branded company provide new feature and gadget in there new model,the feature model with same name available in China with low prices,this will hamper goodwill of the company.

Thursday, August 5, 2010

Food prices vs biofuel

The food prices across the globe hit a record high,and show the signs that they will go on rising this year too as well as in future .In fact ,expert are says that year of cheap food over and the world economy has get used to it .The reason behind the spurt in food prices is certainly not bad harvest,but turning too many foodgrain into fuel.More over the increasing in demand of the biomass energy is also diverting agricultural production away from food crops,leading to mass starvation in poor countries.
The skyrocketing oil prices are driving the demand for biofuels. The increasing demand of biofuels indicate that the prices of the basic staples food such as corn is no longer based on its requirement as a food ,but also a fuel.Accordingly the food market is under going a major change,and there is an unexpected rise in the prices of food grain such as wheat,corn,maize and soybeans around the world.

Biofuels are commercial crops and here the return are much higher than the tradition food crops.
Regular cultivation of the food grain also reduce the productivity of the field so production of the biofuels also help to get achieve the recycle of the food grains.

Western countries are highest suppliers of food grain the world market.Canada,US and Australia are the main source.Asian countries produce huge food grain but most part of the production consumed by themselves.So, very low portion go to the world market which not affect the world trade of the food grain.
It is the problem for all countries so it is important to think on this to get the solution.

Saturday, July 31, 2010

Bike Insurance basic point

Every teenager or youth generation has passion to ride bike.Bike is not comfortable as like car but the passion and style is always place its importance above the car and also the bike is less costly than car.
Bike or motorcycle insurance dependent on some factor:

Age Group : Insurance company charge lowest insurance premium from older and charge high rate of premium from lower age group ,but if you are new rider your charge might be higher.

Geographical Location : City and traffic jam area has higher risk of accident therefore the insurance premium charge is higher here on the other hand the suburban area or low trafiic jam area has low insurance premium charge there.

Bike Technology : Highly improved and technical efficient bike are less chance of accident therefore Insurance premium is low for these bike user.

Previous record of the Bike user : Previous driving record also impact on the current charge of the insurance rate if you first time buy a bike than the previous car driving record measure.

Home Address : If your house located in high crime jone where most of time bike stolen than generally the insurance premium is high there.

Your profession : Your profession is also matter on the insurance premium suppose you have a building contractor or real state agent than the chance of your bike damage is high when you parked at under construction site .

When you go for bike insurance than remember one thing that the insurance company paid the market value of the damage bike so if you take high insurance to get high cover than you may be in loss.

Thursday, July 22, 2010

Life insurance minimize risk of sudden death

Death of the sole earner is arising the financial risk for the family member. Suppose the Mr. .x has four members in his family, and Mr. X’s spouse and two children are totally depending on him. Mr. X monthly income is $10000 in a month but due to sudden death of the Mr. arise financial problem in front of the family member to survive, Insurance is help in this situation.

Life Insurance Company indemnifies a large sum amount to the family member which help to the family for the children education also help to survive.

Life insurance not only paid on death of the policy holder but also when the policy holder reaches a estimated age.

Insurance is the risk which insurer bear and indemnify to the policy holder or the beneficiary in case of death of the policy holder or the when the policy holder age reached as mention in the deed of the insurance.

Life insurance is not come under the category as like other insurance .As in the other insurance the insurance company paid to the policy holder actual loss arises by any loss but in life insurance there is no question arise for the actual or partial loss.

Life insurance is also contract of good faith that means the policy holder need to disclose all the heath related issue to the insurer or need to submit the medical certificate before the insurance company before apply for the life insurance.

Life insurance policy becomes void if the policy holder committed suicide, or the nominee kill the policy holder to get the policy amount.

In life insurance the policyholder is not actually the sole gainer of the risk arises ,only the family member get the advantage of the insurance policy.

Friday, July 16, 2010

Basic Step for Auto Insurance

Auto Insurance is insurance for car, two-wheeler and three wheeler the main segment is car insurance. Auto insurance is also work as a hedge tool to protect your first investment in the automobile or car .Suppose anyone buy his or her first car and it mate with accident in first ride than the owner loss all his\her investment in a day. Auto insurance is helps to hedge the auto investment by indemnify the loss arises by the accident.
Auto insurance is also indemnifying the accidental coverage to the insurer which also gives some extra advantage to the insurer.
The main coverage area under the auto insurance comes as:
1. Coverage for the loss of vehicle: Insurance Company indemnifies value of the vehicle which insured.
2. Accidental coverage to the Insurer: Auto insurance company paid accidental claim to the insurer, claim amount depend on the basis of terms and condition.
3. Coverage the loss arises to the third party: Insurance Company paid the loss to the third party arises by the accident.
Insurance company can’t fulfill the coverage on certain Scenario:
1. Violation of rules and regulation: If the car driven by the minor age and they don’t have valid license.
2. Violation of traffic rules and regulation: If the insurer drive car after taking alcohol.
3. Not disclosed all the material fact of the insured property: Suppose the insurer use the stolen car in that condition also the insurance company not indemnify the loss arises by the accident.
4. If the insurer intentionally met with accident: If the insurer intentionally met with the accident, or damage his car than the insurance company not indemnify the loss arises to the insurer.

Saturday, July 10, 2010

Home Loan charges reduce by the PSU Bank

Home Loan is available with low interest rate from Public sector bank with high number of EMI incomparability to private banks.
Public back are supported by the central bank of the country therefore they are able to go into the market with low interest rate with generally more number of EMI than private banks. We are not go with its long term affect on the Economy of the country because definitely these will create some pressure on the economy and arise the fiscal deficit.
The home loan taker is the prime advantage gainer of the plan, and the govt. Employee is the main target for this loan.
Private bank are also follow these strategy in long-term to protect their existing market.
Personal home is the dream of every individual, and the bank provides the chance to materialize the dream.
To buy a home huge amount required and for an employee or middle class people ,it can’t be possible to arrange such a large some money on the primary stage of their career but the house or the property value will increases and at the middle age or at the last part of their service period if they invest their large some of total life reserve for home than its create the financial crises for the future .
Therefore home loan gives one option to pay the loan amount from the monthly salary and it’s only the 40% of the total income and only in 20 years the employee are able to pay the total amount to the bank.
When you go for the human loan than you need to check all the rules and terms of the bank before apply for the loan.