Loan Sanction 13:55 No Contract It's Indenture 24:14 indirectly if he miss any one month due its done (almost 11.5% ,3% higher than market) and your entirely family will be dragged in one home loan.
Very nice explained and every govt Bank also doing the same before they provide you loan sanctioned letter... And everything thing is same in every banks...How to come out from this bad law..
In UK there is an Unfair Contract Terms Act 1977 - we need this in India as well In USA, while getting a property there is compulsory Title insurance Here its all a scene out of horror comedy movie. Its comedy for the sellers and horror for the buyers We are told to have Chartered Accountants while paying taxes Lets make having a personal lawyer for big ticket transactions a must as well And a NDU- Non disposal Undertaking signed by the builders so that they dont escape liability of the projects
Seriously good work we require such kind of people to enlighten instead of hearing any other entertainment thing you should watch this atleast he is giving good idea how to deal with this. I am 22 yr old I am pursuing ca i can understand how this works due to such tech updates and all we are well at better state with such experience sharing
@@AYAN007BOND even though if even i have to do anything it's upon them our services or anything doesn't lead so much harm. It's upon you whether you want that service or not we don't bind our services
Someday u will be CA , i think u should inform common PPL how this corporate world looting their resources, oneday it will own entire wold , we will be doing a slavery for them , as a psu banker i also inform PPL how this debt based corrup* banking system hell the people's life, more debt more trap, all the financial organization lootin* PPL they make peopl soulless zombie
Dear Sir Please can you tell about penalties for delay in payment of demand. The builder has not reminded us till now and after 6 years builder has sent penalties letter for late payments of demand. This is underconstruction flat.
What's the logic of high property prices despite tremendous supply through redevelopment and new projects. Builders are not buying land they just pay rent and earn huge amt... There is an artificial scarcity of flats being shown by politicians and builders
It's about demand and supply. Because of "loan" there is artificial demand from people who can't afford actual cost but can afford it on loan. If everyone buys on inhand cash only then there will be only 10% demand and lot of supplies. Price will be halved within a month. But due to emotional nature people will never stop buying a box in the sky in the name of home.
I agree sir but what's the way out? The system itself is corrupted which we cannot change of our own. Infact we can't fight with the lender to change his policy. So who ever is taking loan, he can at the most remains aware and then take a decision. Otherwise the dream of purchasing a home will remain a dream for the rest of his life...
Can you help in taking some action against the builder for Mahira Homes gurgaon sector 104. They have not started any construction since more than a year and took 37% payments so far
Depends on what type of interest scheme you agreed upon at the time of taking the loan. Floating or Fixed. In floating scheme your are bound to pay the interest rate which the bank decides from time to time
This is a legal, and unethical way for gouging the common person. Not only because we are poor. It's because we are not consolidated. Our refusal to comply is not unified.
Right. Also, in the long run, we are all dead. And might I add, Death and taxes are inevitable. And Might is right. We can add to this list till the cows come home.
Loan Sanction 13:55
No Contract It's Indenture 24:14
indirectly if he miss any one month due its done (almost 11.5% ,3% higher than market) and your entirely family will be dragged in one home loan.
39:12 begins the highlight of the video. An absolute must watch.
Very nice explained and every govt Bank also doing the same before they provide you loan sanctioned letter... And everything thing is same in every banks...How to come out from this bad law..
Much Needed Content!💯💯
Great dissection of loan agreement 👍👌🙏
In UK there is an Unfair Contract Terms Act 1977 - we need this in India as well
In USA, while getting a property there is compulsory Title insurance
Here its all a scene out of horror comedy movie. Its comedy for the sellers and horror for the buyers
We are told to have Chartered Accountants while paying taxes
Lets make having a personal lawyer for big ticket transactions a must as well
And a NDU- Non disposal Undertaking signed by the builders so that they dont escape liability of the projects
it ll never happen, politicians ka hi black money hain market mein they ll go bankrupt if they bring that law
Very well explained about Bank Home loan interest and Bank hidden words Thanks alot.
There are so many vedios on UA-cam compound interest 🙏
Seriously good work we require such kind of people to enlighten instead of hearing any other entertainment thing you should watch this atleast he is giving good idea how to deal with this.
I am 22 yr old I am pursuing ca i can understand how this works due to such tech updates and all we are well at better state with such experience sharing
After CA u wil do all kind of black and white Mony layering operator
@@AYAN007BOND even though if even i have to do anything it's upon them our services or anything doesn't lead so much harm. It's upon you whether you want that service or not we don't bind our services
Someday u will be CA , i think u should inform common PPL how this corporate world looting their resources, oneday it will own entire wold , we will be doing a slavery for them , as a psu banker i also inform PPL how this debt based corrup* banking system hell the people's life, more debt more trap, all the financial organization lootin* PPL they make peopl soulless zombie
@@AYAN007BONDplease make videos on this topics.. simple n informative
@@siddh3921 you will get lot of information in this regard on UA-cam
Dear Sir
Please can you tell about penalties for delay in payment of demand. The builder has not reminded us till now and after 6 years builder has sent penalties letter for late payments of demand. This is underconstruction flat.
Please call me tomorrow anytime after 5 pm and give me the details. It appears his actions are not legal, but I want to know the details first
What is the MOD and NOI refund policy
taking home loan in india is like bandhua mazdoor
Video was good.. But a single point which can be explained in 5mins took a whole level of 1hr..that should be taken care of...
What's the logic of high property prices despite tremendous supply through redevelopment and new projects. Builders are not buying land they just pay rent and earn huge amt... There is an artificial scarcity of flats being shown by politicians and builders
Biggest business of all time of all the people at the top thats how they get bmws fortuners and all
It's about demand and supply. Because of "loan" there is artificial demand from people who can't afford actual cost but can afford it on loan.
If everyone buys on inhand cash only then there will be only 10% demand and lot of supplies.
Price will be halved within a month.
But due to emotional nature people will never stop buying a box in the sky in the name of home.
I agree sir but what's the way out? The system itself is corrupted which we cannot change of our own. Infact we can't fight with the lender to change his policy. So who ever is taking loan, he can at the most remains aware and then take a decision. Otherwise the dream of purchasing a home will remain a dream for the rest of his life...
Can you help in taking some action against the builder for Mahira Homes gurgaon sector 104. They have not started any construction since more than a year and took 37% payments so far
please one video on RERA
Will do this asap
@@KrishnarajRaoUrbanNaxal much needed. Soo many people have blind faith in RERA.
@@KrishnarajRaoUrbanNaxalplease make as soon as possible, RERA needs to be Exposed with every citizen in INDIA. 🙏💯🥺
Isn't Home Loan given on a fixed interest rate basis, if so then why is the interest percent still increasing while the EMIs are active???
Depends on what type of interest scheme you agreed upon at the time of taking the loan. Floating or Fixed. In floating scheme your are bound to pay the interest rate which the bank decides from time to time
@@manikyum Yaa but in fixed interest rate basis, the interest percent must not change...... isn't it???
All these expenses and Last point Plus GST 🥵🥵
These home loans are the clean example of slavery to death ☠️
All the Bargaining power is l with the company only... It's in the rule book. One of the first rules....
This is a legal, and unethical way for gouging the common person. Not only because we are poor. It's because we are not consolidated. Our refusal to comply is not unified.
Even a simple contract for getting a bank locker will only state the customers obligations. Not the banks obligations.
Very informative. Never take home loan
india mein govt ko public ki kuch padi nahi hain, full exploitation chalu hai janta ka haar taraf se
👍
All agreements and contracts are one sided.
Right. Also, in the long run, we are all dead. And might I add, Death and taxes are inevitable. And Might is right. We can add to this list till the cows come home.
8.58 highlights
Private banks increases rates anytime... But they ask for conversion fees for decreasing rates even though RBI reduces it.