Living on rent? Subvention schemes are for you

Sometimes, people need to leave and stay away from their home and work hard in order to achieve success and get ahead in life. In order to do so, people go to cities with better opportunities and better lifestyle. There, people have to stay in a rented flat if one does not have a property in the city. In most of the cases, people do not have a property and have to choose to stay in the rented flat. Rented properties are the properties put up by the owners. These properties are not being used by them and they wish to offer the property for someone else usage in exchange of money. It is a very wise step to rent houses as it makes use of it and acts as a stable and regular income source. No wonder why money people have a property put up for rent or lease! People would buy an extra house and put that 1BHK for rent in Chennai and other similar metro cities. There is also something called as subvention schemes in which a person pays 20 % of the property while the rest 80% is paid by bank and the EMI starts after 24 months. It is a very beneficial method for people living on rent as one does not have to pay much in the initial two years and then the EMI starts after those years. This is especially for under construction projects. Here are some benefits of it:-

1. No EMI for two years: - the best part of the subvention scheme is the fact the person needs not to pay any EMI for two years. He or she has to pay 20 % of the payment of the under construction building. After this initial down payment, the bank bears the cost for two years. In the meanwhile, a person has to pay the rent and only focus on daily routine. After two years, the person can live in that house and the rent is substituted by EMI. The planning or the calculation remains the same! The bank pays for your own house while you pay for the 1BHK for rent in Chennai.

2. Quality assurance: - the best part about bank being involved is the fact of genuinely and authenticity. The bank assures that the project is genuine and there is no swindle or fraud in it. If there is something like that in the project, the bank too has to suffer so in case that would happen! One is assured to get the best property at very affordable and reasonable rates.

3. No interest: - there is usually no interest to be paid for this scheme. The interest is borne by the builders. One just has to pay the EMI timely and the house would be ready for your possession in few years! This is very useful as it offers dual benefits and saves money. One has to know and read the conditions in it although.

4. Own house: - the lifelong dream of having a house finally gets over when the EMI period gets over and one has the ultimate possession of the property. This is done after all the payment to bank is cleared. This method is very innovative and not many people know about it! Therefore, make the best use of knowledge and get a subvention scheme now!

Thus, the above are the benefits of the subvention scheme. One gets the ownership of the house after paying interests free EMI and no EMI for the initial two years! Therefore, invest in this and get the best of your money!

How to Get Started with Forex Trading

Getting started with any new form of investment can be daunting, especially if you've never made any investments before. But you be successful if you take it slowly, and you're willing to learn from the people who know what they're doing. One of the most attractive trading markets is forex, where currencies are traded. It's the largest and most liquid market in the world, with trillions of dollars traded each day. If you want to turn your attention to forex trading, there are a lot of things to consider. From finding the right broker to developing a trading strategy, you need to put a lot of thought into the practice. Try these tips to begin your new venture.

• Finding a Broker

Before you get started, you need to find a broker to help you out. They'll use their expert knowledge to help you make the right choices and give you access to a trading account. The type of broker you choose is up to you, and everyone will have a different opinion on the advice that they want to receive. One broker might be good for another trader but not for you. You can look at reviews of companies like ACM forex brokers and compare the services and assistance that they can offer you. Take your time choosing a broker to go with and avoid picking the first one you see. If you have investor friends or colleagues, ask for their advice.

• Opening an Account

When you've found a broker, you can open an account with them as your first step. Many brokers will allow you to open a demo account, so you can practice trading with pretend money before you get started for real. This practice will help you get used to their trading platform and learn the basics of forex trading before you begin taking any real risks. You'll learn how to use the tools available to you, as well as seeing how the market operates in real time.

• Get to Grips with the Basics

As well as getting to know your broker's trading platform, you need to make sure you know the basics of forex trading. These essentials can range from currency symbols to learning about leverage. You don't need to be an expert in forex straight away, but you need to be able to understand the fundamentals if you want to continue to learn. Eventually, you can build up to making your first trade, and you can continue to develop from there.

• Developing a Strategy

You need to have a way that you're going to approach your trading, or you could end up making decisions at random. You can develop your strategy slowly and perfect it until you have something that works for you. You don't have to start off knowing exactly what you're doing. The way that you carry out your trades could combine both fundamental analysis and technical analysis, which many traders find success with.

Once you decide that you're going to give forex trading a go, take your time with getting started. There's no need to rush into it and make any costly mistakes.

Yes, You Can Afford A Jaguar - Here's How

We’ve all driven past the Jaguar dealership with envy in our eyes. We love the subtle curves and the fierce engine that lies underneath. We love the idea of parking a new Jaguar in the driveway, and taking it out on the coastal roads at the weekend. For most of us, this seems a little out of reach. The sticker price alone is enough to make your wallet recoil in horror! It doesn’t have to be that way. You can afford a Jag if you put your mind to it. We’ve done our research and the sums; let us show you how you can pay for that stunning car.

•  Buy second hand - Your first option is to glance towards the second-hand market. The prices of a brand new Jag are often astronomical. But, there are plenty of bargains to be found if you find a used model. Jaguars are luxury cars, and luxury cars tend to depreciate fast. That means you could pick up a two or three-year-old model at half the price of a new one. Seek out the used cars and you’ll find the prices are often within budget. Be sure to factor in the cost of repairs and maintenance too.

•  Get a large deposit together - We understand that it’s not always possible to lay down the full amount for a car. Instead, you’ll probably pay a deposit and monthly repayments. Our advice here is to scrape together the biggest possible deposit. That way, you’ll lower the monthly burden and ultimately pay far less interest on the loan. By doing this, you’ll keep your family finances in better health.

•  Finance options - No car is out of reach when you find a good finance plan! It’s well worth speaking to your dealer about available Jaguar finance options. There are all sorts of deals on offer, even if you don’t have a high credit score. The two main options are the hire purchase and the personal contract plan. Both work in a similar way; you’ll pay a deposit, followed by regular payments. It can work out very cost-effective. Just read the small print, and ensure you can afford the monthly costs.

•  Bank loan - Sometimes, you’ll have more luck turning to your current bank. They can quickly guarantee you a loan that won’t be held against the car itself. You’ll probably strike a slightly better interest rate too, but that’s not always the case. Make sure the loan isn’t secured against your home, as this could place your family under strain.

•  Leasing - Finally, you could take an entirely different approach and lease the car. Leasing is more like a long-term car hire. You’ll still pay your deposit and monthly payments. But, they’ll be much cheaper. At the end of a three-year period, you’ll simply hand the keys back and you’re free to move on. Many drivers prefer this option, though remember that you’ll never own the car yourself.

 As you can see, folks, there are plenty of ways to pay for that Jaguar you love so much. Speak to your dealer and your bank, and find a deal that works for you!