Friday, January 31, 2020

Elin Electronics IPO: Is low valuation reason enough to invest?

Customers also have the option of mailing the complaint to Religare’s head office. Become a financial buddy with AntworksMoney and earn sitting at home or in office just by referring your friends and relatives for loans, credit cards or other investment options. I purchased residential house from the builder, my property belong gram panchayat, Religare housing finance only providing loan for this approval. They have fulfilled my needs, whatever amount I have applied it got sanctioned but interest rate was high and they have taken nearly two months to complete the process. Religare Home Loan eligibility is calculated after taking into account various factors such as monthly income, fixed monthly obligation, current age, retirement age etc. Your home loan eligibility shows your affordability towards availing Religare Home Loan.

Also make sure you submit the relevant documents along with the form to the branch official. If you are not comfortable downloading the form online, you can straight away go to the branch and ask for the application form. Expectations are high as the company has big shoes to fill in the electronics segment. In October, Electronics Mart India made a blockbuster debut, at a 51 percent premium to its issue price of Rs 59 per share. Last week, Bihar-based electronics retailer Aditya Vision caught the fancy of ace investor Ashish Kacholia.

Documentation for Religare Home Loan

Suppose you are working in a renowned company and earning a monthly salary of Rs. 90,000. Out of which, you prefer to save Rs. 20,000 to be used as repayment for your EMI. Normally, EMIs fall in the range of 50%-60% of your monthly intake salary for a higher loan disbursal. And, Elin Electronics will have a tough task, fighting for its market share from other private and unorganised players. If you are the site owner , please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details , so we can assist you in troubleshooting the issue.

When contacting the customer care department through mail, make sure that you describe the issue in an accurate and precise manner to ease the process. As mentioned above, Religare offers its customers a range of home finance products to choose from, depending on their needs. A more detailed summary of their products is given below.

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It offers a range of services including home improvement loans, home extension loans and self-construction loans. Press 2 if you want to know more about their home loan offers. After pressing 2, you will be connected with a customer care representative who will address your queries regarding Religare’s products.

The currentrate of interest offered to customers is between 12% to 20%, depending on the loan amount, repayment period etc. Our best in class research team will guide you through complex financial markets with powerful insights, precise research and industry-leading strike rate. Our experienced team not only provides insights on equities but also other asset classes like commodity and currency.

Top Home Loan Cities In India

The following table gives you details on your calculated EMI along with interest and the total amount that costs you against your sanctioned home loan. Use Religare Home Loan EMI Calculator to find out how much EMI you will have to pay on your loans. You need to just enter the details such as loan amount, loan tenure, and interest rate. Subsequently, EMI amount will get displayed in front of you.

To calculate your monthly instalments beforehand, you can use BankBazaar Home Loan EMI Calculator. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Being a FREE SERVICE, we will work quickly to find the best loan for you. We will then work hard to secure a loan with an appropriate lender.

It would depend on a case to case basis, as counselled by your loan advisor. Religare Home Improvement LoansFor repairs, renovation, improvement or extension of the existing house. You will receive a call shortly from our customer support. 2% of principal amount outstanding Loan to Value80% of the total documented cost of the property.

religare home loan

Home loans are offered especially to salaried employees and self-employed professionals. If you’re serious about your long-term lifestyle and future financial goals you need to make sure you look at various options. Buying a home is one of the most important decisions, you will ever make in your life.

Religare home loans offer up to 80% of the property value with a repayment tenure of up to 20 years. The interest rate ranges from 14% to 17% and is a floating rate. I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter. It is advisable to keep details like account number and customer ID handy when reaching out to the customer care department through call.

religare home loan

Risks aside, market participants believe retail investors are excited about the issue as the GMP stood at ~Rs 40, even before the opening of the IPO. All eyes will now be on how the subscription numbers pan out. As per the company’s Red Herring prospectus, the company’s top five customers account for about 65.43 percent of revenue from operations and top 10 customers account for about 80 percent.

Religare Home Loan Eligibility Criteria

This will be followed by an amortisation table that will give you a complete breakdown of your repayment schedule. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns. Suppose if you are interested in availing a loan of Rs 25 lakhs payable after 20 years at an interest rate 13.2% per annum.

religare home loan

While the company’s dual business model – OEM and ODM – is being praised by brokerages, the risk arising from client concentration is also being flagged by all. You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Welcome to Religare, now presenting quick and easy solutions for short-term cash flow requirements. To know more, ask our service representative for details.

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