Friday, May 10, 2013

Privacy Policy of Eazeeloans


Privacy Policy
                 
               
This is the Privacy Policy Statement of www.eazeeloans.com.


For each visitor to our Web page we collect the e-mail addresses of those who applies online, registers, post messages to our bulletin board, the e-mail addresses of those who communicate with us via e-mail, information volunteered by the consumer, such as registrations, name and address, telephone number, fax number.

The information we collect is used to improve the content of our Web page, used to notify consumers about updates to our Web site, shared with agents or contractors who assist in providing support for our internal operations, used by us to contact consumers for marketing purposes, shared with other reputable organizations to help them contact consumers for marketing purposes, disclosed when legally required to do so, at the request of governmental authorities conducting an investigation, to verify or enforce compliance with the policies governing our Website and applicable laws or to protect against misuse or unauthorized use of our Website, to a successor entity in connection with a corporate merger, consolidation, sale of assets or other corporate change respecting the Website.

By registering at www.eazeeloans.com you are authorizing us & our associate partners to give you a call to offer you their services for the product/products you have opted for, imparting product knowledge, offering promotional offers running on website & offers offered by the associated third parties. Also irrespective of the fact that you have also registered yourself under DND or DNC service still you authorize us to give you a call from eazeeloans.com & associate partners for the above mentioned purposes till 60 days of your registration with us. Also based on your active opt-ins you are open to receive promotional offers from advertiser/partnering website hence there is no DNC check required there forth. By accepting our "Terms and Conditions" you authorize our partners to run a Cibil/ Satyam check for your profile.

This Privacy Policy covers eazeeloans.com treatment of personally identifiable information that eazeeloans.com collects when you are on the eazeeloans.com site, and when you use eazeeloans.com services. This policy also covers eazeeloans.com treatment of any personally identifiable information that eazeeloans.com business partners share with eazeeloans.com. This policy does not apply to the practices of companies that eazeeloans.com does not own or control, or to people that eazeeloans.com does not employ or manage.

If at any time you wish to stop these sms./e mail alerts all you have to do is write an email to us info@eazeeloans.com with your mobile numbers and your mobile number will be deleted from the alerts list.

Information Sharing and Disclosure

Eazeeloans.com will not sell or rent your personally identifiable information to anyone other than as specifically noted herein. Notwithstanding the foregoing, Eazeeloans.com may sell and/or transfer your personally identifiable information to an affiliate and to any successor-in-interest as a result of a sale of any part of Eazeeloans.com business or upon the merger, reorganization or consolidation of Eazeeloans.com with another entity on a basis that Eazeeloans.com is not the surviving entity. For the purposes of this paragraph, "affiliate" means any person directly, or indirectly through one or more intermediaries, that controls, is controlled by or is under common control with Eazeeloans.com The term control," as used in the immediately preceding sentence, shall mean with respect to any person, the possession, directly or indirectly, of the power, through the exercise of voting rights, contractual rights or otherwise, to direct or cause the direction of the management or policies of the controlled person. As used in this Privacy Policy, the term "person" includes any natural person, corporation, partnership, limited liability company, trust, unincorporated association or any other entity.
Third Party Advertising

From time to time, we make the e-mail addresses of those who access our site available to other reputable organizations whose products or services we think you might find interesting.

From time to time, we make our customer e-mail list available to other reputable organizations whose products or services we think you might find interesting.

f you do not wish to receive such mailings, please let us know by mailing us at info@eazeeloans.com with your mobile numbers and your mobile number will be deleted from the Mailing List.
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• Privacy Policy Changes

Eazeeloans.com may amend this policy from time to time, at our discretion. If we make any substantial changes in the way we use your personal information we will notify you by posting the changes here on these Privacy Policy pages.

www.eazeeloans.com

Monday, April 30, 2012


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Sunday, April 22, 2012

Home Loan Some Common FAQs

Some of the common home loan terms that one encounters while applying for a home loan. While the same are common terms amongst lenders they could be brain teasers some times.

What is an EMI?
An EMI refers to an equated monthly installment. It is a fixed amount which one pays
every month towards the loan. It comprises of both, principal repayment and interest payment.

What is pre-EMI interest?
In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called pre-EMI interest (PEMI) and is payable monthly till the final disbursement is made, after which the EMIs would commence.

What is Fixed ROI?
Fixed ROI stands for the Fixed Rate of Interest. The rate of interest remains unchanged for the entire tenure of the loan irrespective of the drop/increase in the market rates.

What is Floating ROI?
The Floating Rate of Interest is one that fluctuates according to the market lending rate.This comes with a little risk as in when ever lending rates go up, the loanee will haveto pay more than the amount set aside for loan payment per month.

What is PF?
PF is the processing fees and has to be paid upfront by the customer being fees charged at the time of submission of the application for processing.

What ?is IIR
IIR is Installment to Income Ratio and denotes the portion of your monthly installment on your home loan as a percentage of your income. The same is capped between 40% to 60 % of income subject to applicant's income & profile.
What is IC?
Whenever a customer delays the payment of the monthly installment, a collection team is sent to the customer's house to recover the money. The expenses incurred on such occasions are called Incidental Charges (IC)
What is LTV?
LTV stands for the Loan to Value and is used to calculate the loan amount that a person is eligible for on the total cost of the property.
What is Margin Money?
Banks & NBFC fund around 80% to 85% of the cost of the house. The balance 20% to 15% has to be borne by the customer himself. This difference amount is called the Margin Money.
For what purpose can I avail a home loan?
You can take a loan for constructing a house, purchasing of a ready possession house / flat
or a flat in resale, takeover of existing loans from approved banks / housing finance companies, the purchase of a plot of land, for renovation of and extension of the house.
Who can avail of the loan?
Salaried individuals, Self employed professionals or businessmen and individual NRI's.
Who can be a co-applicant for the loan?
All co-owners need to be co -applicants.
Spouse/parents/children can be co-applicants and his / her income can be clubbed to
enhance the loan amount.
What security is to be provided?
Security for the loan is a first mortgage of the property to be financed, by way of deposit of title deeds / or such collateral security as may be necessary. The title to the property needs to be clear, marketable and free from encumbrance. There should not be any existing mortgage, loan or litigation, which is likely to affect the title to the property adversely.
Can loan be repaid ahead of schedule?
Yes, the loan can be paid ahead of schedule, however if the loan is pre paid or transferred to another bank or HFC, a nominal fee @ 2% of principal outstanding is charged
Are the Bank policies subject to change?
Yes. These policies are reviewed periodically.
How is the loan repaid?
An EMI refers to an equated monthly installment. It is a fixed amount which one pays every month towards the loan. It comprises of both, principal repayment and interest payment.
When does the repayment start?
EMI payments start from the month following the month in which the full disbursement
has been made.
What happens in case if a PDC bounces?
In the case of a bounced cheque or delayed payment, charges and outstanding dues will be charged as per the prevailing company policy.
What is the minimum /maximum loan amount?
Home loan are available from 5 lakh to 5 crores.
What is the time frame for a loan to be approved?
It takes a 7/10 working for the loan to be sanctioned after submission of all documents.
When is the loan disbursed?
The loan will be disbursed on:
- Submission of the legal documents.
- Legal and technical clearance of the property
- Submission of Registered copy of agreement.
What is an amortization schedule?
An amortization schedule is a table giving the reduction of the loan amount
by monthly installments. The amortization schedule gives the breakup of every EMI
towards repayment of interest and outstanding principal of loan.
The Author Subhrajeet Talukdar is the founder of Apex Finance & Marketing in Mumbai in April 2006 and the promoter of Eazeeloans.com a loan advisory portal for Personal loan,Home Loan,Business loan,Loan against Property,Auto loan, working capital,OD/CC, Private finance,Loan against shares.

Repair & Rectify Bad Credit Issues In Credit Bureau's


Have you tried to apply for either a Credit Card, Home loan, Auto loan, Personal loan, Mortgage loan or other Credit facility from any bank or financial institution only to learn that the same has been declined due to past bad performance or inadequate credit score as captured by the assigned Credit Bureau, currently Cibil & Equifax  in India. Many   of us would have faced this most embarrassing and frustrating situation at some point of time due to past bad performance in any of the credit relationships held across all financial institutions arising from either late payments, non payment, settlements done etc.

The situation could have arisen due to gross inadequate information or knowledge available in the public domain of the possible repercussions and hightened  possibly by the "Who Cares" attitude and lack of credit servicing discipline by most people affected including people in the financial sector. 

The problem got aggravated manifold by banks and lending institutions in their mad rush to create a portfolio and falling almost Head over Heels to lend to customers without having a proper and effective external credit check and filteration process due to which many customers who had defaulted or had a bad credit  history in one could easily get fresh credit facility from another. Another compounding factor could be the flawed lending policy by most lending institution with products launched to capture "Quantity" and not "Quality". 

Coming back to the question asked at the outset. How does or what does one do to repair or rectify bad credit  history and avail fresh credit facilities at best terms?

Help is just around the corner for anybody who might have inadvertently spoiled or marred their credit record and who genuinely would want to resolve their problem.

An enterprising group of entrepreneurs from the financial sector having first hand and very close experience about the problem under discussion are offering  a solution for the very first time in a very professional and organised manner which could offer succor to many afflicted person through their Credit Help Improvement company launched for the purpose. 

They approach the problem in a Holistic manner and offer a hand held guided program by trained professional counselors which if followed in Toto promises to resolve the issues over a period of time. One could check improvements and their current credit history in a simplified manner through reports generated from the Credit Bureau's assigned with the task of collating and formatting the data forwarded by various financial institutions periodically every 3 months. Their underlined philosophy being that Good Credit Health is similar to Good Physical and Mental Health and just like a good mental and physical wellness requires a disciplined and dedicated approach to enjoy life to its fullest so does Good Credit Health require a disciplined approach in the repayment of credit facilities availed, to take advantage of higher credit at better terms in future.

There is of course the mandatory fees to be paid upfront one time and valid over a period of  12 months. However it would be a small price to pay for attaining a good credit rating and mental peace.

For further details log on to and submit details at www.eazeeloans.com

Usefull links




Saturday, December 3, 2011

Personal loans,Home loans,Business loans,Loans against Property: Some Commonly Asked Questions About Home Loans

Personal loans,Home loans,Business loans,Loans against Property: Some Commonly Asked Questions About Home Loans

Some Commonly Asked Questions About Home Loans

Some of the common home loan terms that one encounters while applying for a home loan. While the same are common terms amongst lenders they could be brain teasers some times.

What is an EMI?

An EMI refers to an equated monthly installment. It is a fixed amount which one pays

every month towards the loan. It comprises of both, principal repayment and interest payment.

What is pre-EMI interest?

In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called pre-EMI interest (PEMI) and is payable monthly till the final disbursement is made, after which the EMIs would commence.

What is Fixed ROI?

Fixed ROI stands for the Fixed Rate of Interest. The rate of interest remains unchanged for the entire tenure of the loan irrespective of the drop/increase in the market rates.

What is Floating ROI?

The Floating Rate of Interest is one that fluctuates according to the market lending rate.

This comes with a little risk as in when ever lending rates go up, the loanee will have

to pay more than the amount set aside for loan payment per month.

What is PF?

PF is the processing fees and has to be paid upfront by the customer being fees charged at the time of submission of the application for processing

What is IIR?

IIR is Installment to Income Ratio and denotes the portion of your monthly installment on your home loan as a percentage of your income. The same is capped between 40% to 60 % of income subject to applicant's income & profile.

What is IC?

Whenever a customer delays the payment of the monthly installment, a collection team is sent to the customer's house to recover the money. The expenses incurred on such occasions are called Incidental Charges (IC)

.What is LTV?

LTV stands for the Loan to Value and is used to calculate the loan amount that a person is eligible for on the total cost of the property.

What is Margin Money?

Banks & NBFC fund around 80% to 85% of the cost of the house. The balance 20% to 15% has to be borne by the customer himself. This difference amount is called the Margin Money.

For what purpose can I avail a home loan?

You can take a loan for constructing a house, purchasing of a ready possession house / flat

or a flat in resale, takeover of existing loans from approved banks / housing finance companies, the purchase of a plot of land, for renovation of and extension of the house.

Who can avail of the loan?

Salaried individuals, Self employed professionals or businessmen and individual NRI's.

Who can be a co-applicant for the loan?

All co-owners need to be co -applicants.

Spouse/parents/children can be co-applicants and his / her income can be clubbed to

enhance the loan amount.

What security is to be provided?

Security for the loan is a first mortgage of the property to be financed, by way of deposit of title deeds / or such collateral security as may be necessary. The title to the property needs to be clear, marketable and free from encumbrance. There should not be any existing mortgage, loan or litigation, which is likely to affect the title to the property adversely.

Can loan be repaid ahead of schedule?

Yes, the loan can be paid ahead of schedule, however if the loan is pre paid or transferred to another bank or HFC, a nominal fee @ 2% of principal outstanding is charged

Are the Bank policies subject to change?

Yes. These policies are reviewed periodically.

How is the loan repaid?

An EMI refers to an equated monthly installment. It is a fixed amount which one pays every month towards the loan. It comprises of both, principal repayment and interest payment.

When does the repayment start?

EMI payments start from the month following the month in which the full disbursement

has been made.

What happens in case if a PDC bounces?

In the case of a bounced cheque or delayed payment, charges and outstanding dues will be charged as per the prevailing company policy.

What is the minimum /maximum loan amount?

Home loan are available from 5 lakh to 5 crores.

What is the time frame for a loan to be approved?

It takes a 7/10 working for the loan to be sanctioned after submission of all all documents.

When is the loan disbursed?

The loan will be disbursed on:

- Submission of the legal documents.

- Legal and technical clearance of the property

- Submission of Registered copy of agreement.

What is an amortization schedule?

An amortization schedule is a table giving the reduction of the loan amount

by monthly installments. The amortization schedule gives the breakup of every EMI

towards repayment of interest and outstanding principal of loan.

The Author Subhrajeet Talukdar is the founder of Apex Finance & Marketing in Mumbai in April 2006 and the promoter of Eazeeloans.com a loan advisory portal for Personal loan,Home Loan,Business loan,Loan against Property,working capital, Private finance etc

Contact Information

Phone: 91 22 26833045 E mail: info@eazeeloans.com Website: http://www.eazeeloans.com