Pocket Money - SEBI Investor Awareness Website - Securities and ...
Pocket Money - SEBI Investor Awareness Website - Securities and ...
Pocket Money - SEBI Investor Awareness Website - Securities and ...
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cost me Rs.1 crore. I am high net worth individual <strong>and</strong> havean excellent credit history.Will the bank give Kamlesh the loan of Rs.1 crore?Answer: ___________________________________Rule No.4: ___________________________________Kamlesh (continued): I will pay Rs.15 Lakhs as margin moneybut do I pay interest on Rs. 1 crore or Rs.85 Lakhs?Answer (Rule No. 5): __________________________________Sanjay: I want to buy a Penthouse for Rs.2 crores in CambalaHill. If I take a housing loan, from a bank will the originaldocuments (sale/lease deed) of the house be with me or withthe bank?Answer (Rule No.6): __________________________________Jaya: I have decided to take an educational loan of Rs.5 Lakhshow do I decide the amount of the installment (EMI-EquatedMonthly Installment) to be paid every month.Answer (Rule No. 7): __________________________________B<strong>and</strong>y: I am crazy about bikes <strong>and</strong> want to buy RX 100 thatis priced around Rs.100000. I plan to take a loan from thebank for the entire amount. If the bank agrees to give methe loan, will the bank deposit the loan amount in my bankaccount or will they give it to me in cash.Answer( Rule No.8): __________________________________Types of loans• Vehicle Loan• Consumer Loan89