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Student Loan
Student Loan Consolidation - Apply, Info, Financial Aid
- Compare Student Loans and Apply Online - eStudentLoan - home of the Student LoanFinder -learn about financial aid, search for the lowest student loan rates, compare lenders, shop for loans, and apply on-line
- Citibank student loans, research payment options - Research Citibank student loans and more with information from The Student Loan Corporation. Learn more about planning and paying for college, applying for loans, repayment and more at Studentloan.com
- Student Loan Funding - Student Loans: private, consolidation, and federal loans. ZERO FEE Stafford Loans Consolidation, Private, PLUS, and Stafford Federal student loan provider
- Student Loans - College Loan Consolidation - Student Loan Advice, Financial Aid Tutorial, Scholarship Search, Compare Loans,Tools and Resources, Directory of Schools
- International Student Loan Center - International Student Loan, student loan, student loans, study abroad, international student loans, study abroad loan, international students, study abroad loans
- Student Loan Xpress - Student Loan Xpress is an education finance leader dedicated to helping students and parents meet all of your college financing needs.
- Student Loan Consolidation - Student loan consolidation, consolidate student loans, lower interest rates, direct loans, stafford loan consolidation, consolidate loan student, federal student loans, federal direct loans
- Student Loan Consolidation Program - The Student Loan Consolidation Program enables anyone with more than $7,500 in outstanding Federal student loans (including PLUS loans) to reduce monthly student loan repayments and lock in at the lowest interest rates in recent history.
- Student Loan Consolidation - Types of student loans, Trends for student loans, Effects of student debt
- Student Loan Management - Tips and Tactics for the Life of Your Loans
- Student Financial Aid - Student Financial Aid - Michigan.gov, Official Website for the State of Michigan
- Financial Aid in the Yahoo! Directory - Comprehensive free resource for student financial aid information on the Web. Free scholarship search, financial aid calculators, glossary, and bibliography ...
- Student Financial Assistance - The new ASU financial aid program, "ASU Advantage," is targeted to Arizona families whose total annual family ...
Car Donation
How to donate a car or boat to charity
Be sure your well-meaning act really helps charity and your tax bill
It sounds so simple: Donate your used vehicle or boat to charity, avoid the hassles associated with selling it, and score a tax deduction at the same time. Everybody wins, right?Not necessarily. As the saying goes, the road to h-e-double-hockey-sticks is paved with good intentions, and it can be surprisingly easy to fumble this well-meaning act.
Before you hand one of your biggest assets over to anyone, read the following tips to be sure you’re making the right moves.
1. Avoid middlemen. Numerous for-profit intermediary organizations advertise aggressively on TV, billboards and elsewhere, offering to help you donate your vehicle to charity. Here’s the catch: These organizations typically keep about 50 percent to 90 percent of the vehicle’s value for themselves, and the charities don’t get what they could have gotten. To prevent this, check directly with charities you admire and find out whether they accept car or boat donations.
2. Find a worthy charity. If the charities you normally support aren’t equipped to accept such donations, do some homework until you find a reputable charity that is. You can research charities’ track records online at this Better Business Bureau site and through Charity Navigator.
3. Check the math. If you still feel compelled to use an intermediary organization – possibly because you’re busy – at least ask the organization how much of the car or boat’s value will go to charity. If the organization simply gives charities flat fees — say, $100 for a used vehicle regardless of its value, or $2,000 a month — your donation may not be eligible for a tax deduction.
4. Know the status of your recipient. In order for you to qualify for a deduction, the charity that gets your donation must be an IRS-approved 501(c)(3) organization. Your church, synagogue, mosque or temple likely qualifies. (Check first just to make sure.) You also can visit the Internal Revenue Service’s Web site and search for Publication 78 to find other qualifying non-profit organizations. (Just type “78” into the search field on the IRS home page and you’ll be directed to the right publication.)
5. Do the delivery yourself. Once you’ve identified a worthy charity, recognize that it will have to pay someone to pick up your car or boat for you. To help the charity maximize the benefit of your donation, drop the car or boat off yourself.
6. Transfer the vehicle with care. Want to eliminate all risk of running up parking tickets and other violations after you’ve said goodbye to your donated vehicle? Then formally re-title the vehicle to the charity, and report the transfer to your state’s department of motor vehicles or licensing. Never agree to leave the ownership space on the charity donation papers blank.
7. Your estimate of the donation’s value probably won’t cut it. If your car or boat is worth more than $500, the IRS is going to want to see evidence of how much the charity got for it. (Most charities that accept these donations turn around and sell them for cash.) You’ll need to get a receipt from the charity revealing exactly how much money it made.
8. Know when you can report the fair market value. You won’t need evidence of the sales price if the charity keeps the vehicle or vessel and uses it in its charitable work, or if your donation is worth less than $500. Then you can report its fair market value based on listings from Kelley Blue Book and similar sources.
9. Keep a thorough paper trail. If your donation is worth more than $500, you’ll have to attach IRS Form 8283 to your tax return. If it’s worth more than $5,000, your documentation must include an outside appraisal. You’ll also need proof of the donation, such as a receipt from the charity and a copy of the title change.
10. Be detail-oriented. This paper trail may seem cumbersome, but think about it: This may be one of the biggest charitable donations you ever make. By taking the time to dot the i’s, you can make sure that the charity gets the most benefit and you get the biggest possible deduction.
Home Loan
Your Home is a place where you relax after coming back from your day’s tiring work, it is that place where you can give time to your family & spend beautiful moments with them. To acquire a home which can be christened your “Own House” is a life-time decision & has to be taken with a lot of planning & requires huge finances. Your Dream Home is not very far away with a Home Loan which will fulfill your Dream into a reality. We at Deal4Loans are working constantly to get you the BEST Loan Deal & have brought a small guide which would answer some important questions related to Home Loan & help you decide your loan deal.
What is a Home loan?
Home Loan is a Secured Loan offered against the security of a house/property which is funded by the bank’s loan, the property could be a personal property or a commercial one. The Home Loan is a loan taken by a borrower from the bank issued against the property/security intended to be bought on the part by the borrower giving the banker a conditional ownership over the property i.e. if the borrower is failed to pay back the loan, the banker can retrieve the lent money by selling the property. Get more Information on home loan section click Articles about Home Loan and Home Loan must read.
Most borrowed home loans
SBI Home Loan: Before borrowing any loan borrower compare interest rates. Generally people prefer to take SBI Home Loan because SBI (State bank of India) is main centralized and national bank. SBI provides loan at comparatively low interest rate.
HDFC Home Loan: HDFC stands for Housing Development Finance Corporation. This unit is for housing development. HDFC provides loan and low interest rate. And you are facilitated with ease repayment option. HDFC gives you an option of easy EMI. Because of flexible feature and transparent policy, most people prefer HDFC home Loan for their requirement.
ICICI Home Finance: ICICI Home Finance offers a wide range of Home Loan products, designed to meet the requirements of customer. : ICICI Home Finance offers Doorstep service, Speedy loan sanction, Simplified documentation and Loan amounts ranging from Rs. 2 lakh to Rs. 3 crore Rupees only.
Types of Home Loan
There are different types of home loans available in the market to cater borrower’s different needs.
• Home Purchase Loan : This is the basic type of a home loan which has the purpose of purchasing a new house.
• Home Improvement Loan : This type of home loan is for the renovation or repair of the home which is already bought
• Home Extension Loan : This type of loan serves the purpose when the borrower wants to extend or expand an existing home, like adding an extra room etc.
• Home Conversion Loan : It is that loan wherein the borrower has already taken a home loan to finance his current home, but now wants to move to another home. The Conversion Home Loan helps the borrower to transfer the existing loan to the new home which requires extra funds, so the new loan pays the previous loan & fulfills the money required for new home.
• Bridge Loan : This type of loan helps finance the new home of the borrower when he wants to sell the existing home, this is normally a short term loan to the borrower & helps during the interim period when he wants to sell the old home & want to buy a new one, It is given till the time a buyer is found for the old home.
• Home Construction Loan : This type of loan taken when the borrower wants to construct a new home.
• Land Purchase Loan : It is that loan which is taken to purchase a land for construction & investment purposes.
Documents required in Home Loan
Generally the documents required to processing your loan application are almost similar across all the banks; however they may differ with various banks depending upon specific requirement etc. Following documents are required by financial institutions to process the loan application:
• Age Proof
• Address Proof
•Income Proof of the applicant & co-applicant
• Last 6 months bank A/C statement
• Passport size photograph of the applicant & co-applicant
In case of Salaried
• Employment certificate from the employer,
• Copies of pay slips for last few months and TDS certificate
• Latest Form 16 issued by employer Bank statements
In case of Self-employed
• Copy of audited financial statements for the last 2 years
• Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
• Profit and loss account for the last few years
• Income tax assessment order
Home Loan Process & various steps involved
There are various steps involved in getting a Home Loan from selecting your property to filling up the loan application. Following are the various stages in Home Loan:
• The first step involved in the process is to find your property which is followed by the verification of property documents, post that the documents are examined & simultaneously you can start searching for the lender who can offer the BEST Home Loan Deal after checking your eligibility criteria.
• Know the Home Loan Eligibility : Banks offer the loan amount only after checking your profile & based on various eligibility criteria’s like age, income & salary banks lend you the money.
• Select the Best Home Loan after evaluation: Comparing home loan interest rates is the primary feature in the home loan selection, however other fees & charges like Application fees, processing fees, legal charges should not be neglected when comparing various loan offers. To check the interest rates & other charges incurred by various banks, Deal4Loans has brought in a Home Loan Comparison Chart across various Banks.
• Applying for the Loan : After you have selected your lender, you have to fill in the application form wherein the lender requires complete information about your financial assets & liabilities; other personal & professional details together with the property details & its costs.
• Documentation & Verification Process : You are required to submit the necessary documents to the bank which will be verified together with the details in the application.
• Credit & default check : Bank checks out the borrower’s loan eligibility (through repayment capacity) & the amount of loan is confirmed. The borrower’s repayment capacity is reached which is based on the income, salary, age, experience & nature of business etc. Bank also checks credit history through the Cibil Score which plays a critical role in deciding & approving your loan application. Low Credit Score implies that the bank upfront rejects your application on the basis of earlier credit defaults; on the other hand high credit score gives a green signal to your application.
• Bank sanctions Loan & Offer letter to the borrower : After the credit appraisal of the borrower bank decides the final amount & sanctions the loan, the bank further sends an offer letter to the borrower which constitutes the details like rate of interest, loan tenure & repayment options etc.
• Acceptance Copy to the Bank : The borrower needs to send an acceptance copy to the bank after the borrower agrees with the terms & conditions in the offer letter.
• Bank checks the legal documents : The bank further asks the legal documents of property from the borrower to check its authenticity so as to keep them as a security for the loan amount given. The next step involved is the valuation of the property by the bank which determines the loan amount sanctioned by the bank.
• Signing of agreement & the loan disbursal : The borrower signs the loan agreement & the bank disburses the loan amount.
Charges in Home Loan
Acquiring a Home Loan doesn’t only involve the cost of home loan interest rates but it also includes other charges & fee accompanying at various stages of taking the Home loan. You must consider all these charges while comparing the cost structure across banks. Following is the detailed fee structure incurred by banks at different loan stages:
• Processing Charge : It is a fee payable at the time of submitting the loan application to the bank which is normally non-refundable. The fee ranges between 0.5 per cent and 1 per cent of the loan amount.
• Administrative Fee : It is a fee incurred by banks at the time of loan sanction; there are few banks who have removed this fee so you must check it with all the banks.
• Prepayment Penalties : When the borrower pre-pays the loan before the loan tenure, banks charge a penalty which usually varies between 1 per cent and 2 per cent of the pre-paid amount.
• Legal Charges : Banks also incur some charges from the customer for legal and technical verification of the property.
• Delayed payment Charges : When there is a delay in the payment of your EMI, banks charge a late payment fee from the borrower which normally ranges from 2% to 3% of the EMI.
• Cheque bounce charges : Banks charge between Rs. 250 and Rs. 500 for every bounced cheque towards the loan payment because of lack of funds in your account.
Home Loan Criteria by various banks
The borrower’s eligibility of getting a home loan depend upon his/her repayment capacity & the banks establish this repayment capacity by considering various factors such income, spouse's income, age, number of dependants qualifications , assets, liabilities, stability and continuity of occupation and savings history. You can now check your eligibility for Home Loan through our Home Loan Eligibility Calculator
Deal4loans has brought in the Home Loan Eligibility Factors by banks
Important Pointers in Home Loan
• Increase your Loan eligibility
• Credit History : Your chances of getting a home loan are increased if you have a good credit history which is known by banks by checking the borrower’s Cibil score. Now it is very hard to get a loan from another bank when you already have a bad debt with one bank.
• Clubbing of income : Your eligibility to take a home loan will augment when you club your income with your spouse’s income, bank in this case will calculate your eligibility on the basis of the clubbed income of both the applicants. You can club incomes of spouse, children & parents staying with you and having regular income.
• Enhance your loan tenure : Longer is the loan tenure, lower will be the EMIs which further increases the repayment capacity of the borrower & in turn enhances the loan eligibility.
• Step-up Loan: In this type of loan EMIs remain low in the beginning & increase gradually as and when the borrower’s spending power increases. Therefore lower EMIs in the initial years enhances the borrower’s ability to pay & further increases the loan eligibility
• Increase the down payment : You must know that in a home loan bank finances only 85 to 90% for the property & the rest amount has to be funded by the borrower. You should increase the down payment if you have more than required amount which will mitigate your debt considerably.
Tax Benefits in Home Loan
The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(d) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 1, 50,000.
Under Section 80(c) of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of
Rs. 1, 00,000.
Study Abroad Loans
Welcome to Study Abroad Loans
As the world continues to shrink, students are increasingly aware of the need to gain an international education. From about 206,000 last year, the number of US students studying abroad is projected to grow to 1 million by 2017.
But its not easy to finance an international education - for US students who plan to study abroad, travel costs and exchange rates increase the normal burden of tuition, fees and living expenses. To help, Study Abroad Loans can provide you with a study abroad loan for short term, semester abroad loans and a foreign enrolled loan for students who are fully enrolled in a school abroad.
For International Students studying in the USA, we also provide an international student loan program for you to help fund your education in the US.
Each of our low-hassle study abroad loan programs offer competitive interest rates, no application fees and fast and easy loan application and processing. To begin, simply select a Study Abroad Loan, a Foreign Enrolled Loan, or an International Student Loan from the table below.
To learn more about loans for study abroad, please see:
| Study Abroad Loans More info | Apply Now | Foreign Enrolled Loans More info | Apply Now | International Student Loans More info | Apply Now |
Study Abroad Loans for US Citizens
We provide Study Abroad Loans to US Citizens and permanent residents who are planning to study abroad through a school sanctioned study abroad program at either the undergraduate or graduate level, while attending an approved school within the USA.You should always apply for as much in federal loans as possible before you resort to private loans. Some benefits of the Study Abroad Loan include:
- Borrower up to the total cost of attendance, minus other aid
- A co-signer is recommended
- eSignature option for both borrower and co-signer
- Interest-only repayment while in school
Foreign Enrolled Loans
Many students are no longer satisfied with a semester or year studying abroad – they want the adventure of an entire collegiate career in a foreign land! But for US students that enroll directly in a foreign school for their undergraduate or graduate education, funding options are much more limited than for domestic studies.
A few examples of uses for our Foreign Enrolled Loan Program include International Undergraduate Loans, Foreign Medical School Loans, International Business School Loans, especially for your MBA, International Dental and Law School Loans, and many more options.....
The Foreign Enrolled Loan can cover the total cost of your international education, minus other aid received. Some features of the foreign enrolled loan:
- Co-signer strongly recommended
- Hundreds of approved foreign schools, including medical, dental, business and law schools
International Student Loans - US Co-Signer Required
We take great pride in making international education more achievable for students around the world, regardless of their financial situation. To further that goal, we provide international student loans for international students studying at approved schools in the US. Our international student loan program requires a US co-signer and is available for both graduate and undergraduate study.
Features of the International Student Loan include:
- Online application and quick pre-approval
- No collateral required
- Competitive interest rates and no application fees
- Thousands of approved schools
- Interest-only repayment while in school at least half-time
All international students applying for an International Student Loan must have a qualified US co-signer, so please learn more about the loan program:
Thursday, October 29, 2009
Student Loan
What are loans available for?
Student loans are available to Undergraduate and Postgraduate Coursework students to cover the costs of unforeseen circumstances that directly impact on their studies at UNSW. Students who wish to purchase a computer may also apply for a student loan.
What are loans NOT available for?
- Tuition fees
- Other University debts
- Field trip/Exchange program costs
- General living expenses
- Car loans and repairs
- Personal debts (credit cards, mobile phone bills etc.)
What is the maximum student loan I can get?
Student loans are usually available up to $1500. However, requests for up to a maximum of $4000 may be considered in exceptional circumstances.
Who is eligible for a loan?
Applications for loans will only be considered from students who:
- are currently enrolled;
- have completed at least one semester of study;
- are in good academic standing;
- do not have any outstanding debts owed to UNSW, and
- provide documentary evidence in support of their application for loans of more than $200.
How do I apply?
You must complete the Student Loan Application Form (pdf, click here) and submit it to Student Central. You must provide documentary evidence in support of any claim made on the application form for loans of greater than $200. You may also need to supply a Guarantor, who will be responsible for paying back your loan if you default on payments.
Documentary evidence includes:
- Copies of bank statements for the three months preceding the loan application;
- Pay slips for the month preceding the loan application;
- Invoices (where relevant);
- Quotes (where relevant, eg. when applying for a loan to purchase a computer).
How is the loan paid to me?
Loans are normally paid into the bank account nominated on the loan application form, and may take up to five working days to be credited. In certain circumstances, it is possible for a cheque to be issued and made payable to the organisation to which the student has a debt. In emergency situations and where the loan is for $200 or less, it may be possible to pay the loan in cash.
How are repayments determined?
- Loans of up to $300 must normally be repaid in full within two months
- Loans of up to $500 must normally be repaid in full within six months
- Loans of up to $1500 must normally be repaid in full within twelve months
- Repayments for loans in excess of $1500 are negotiated at the time of interview
What happens if I do not repay my loan?
If you fail to repay your loan, the University will terminate your loan contract and may take legal proceedings to recover the outstanding balance of the loan. In addition, you will have a block placed on your student record. This block will prevent:
- Future enrolment;
- Access to examination results;
- Access to library services;
- Access to buildings and computer labs;
- Access to Web CT;
- Issuing of transcripts;
- Graduation.
How do I make my repayments?
Payments can be made at the Cashier (either at Kensington Campus or at COFA), by cash, cheque, credit card or EFTPOS.
What happens if I discontinue my studies before I have repaid the loan?
If you discontinue your studies, the balance of the loan becomes payable immediately.
How will I be notified if my loan is successful/unsuccessful?
You will be notified by email to your student email account of the outcome of your application.
How do I appeal if I am refused a loan?
If you wish to appeal against the decision on your loan application, you should, in the first instance, send a letter of appeal to the Head, Student Central, Lower Ground Floor, Chancellery, UNSW, NSW 2052.
Other Frequently Asked Questions
- Can part-time students apply for a student loan? Yes
- Can International Students apply for a loan? Student loans are not normally granted to international students. However, in certain circumstances, small loans may be available. For further details, please contact Student Central.
- Is interest charged on the loan? No
- What happens if my circumstances change again, and I cannot make the repayments? You must contact Student Central as soon as you realise you are in financial difficulty and complete this Student Loan Extension form (pdf, click here).
Car Loan
Getting Car Loans for Unemployed Students
At this moment of time, it is not that tough for an unemployed student to buy a car. Financial institutions are more liberal when it comes to providing car loan for students. There are lots of choices available for students. To start with, they can purchase a second-hand car from a friends or family members. They can look out for auto advertisements in order to find a car. They also can buy a completely new car or certified used-car. Because of the fact that majority of students are on a budget and value of cars depreciate quickly, it is advisable that you go for a used, reliable car.
Role Of Credit Score
Your credit score will play a very vital role in getting cheap car loan. If your credit score is more than 600, you are going to get car loan at low interest rates and easy repayment schedule. On the other hand, if your credit score is less than 600, you may face a rejection from the lender. With good credit score, lenders will be more than happy to provide you big loan amount as there money is in safe hands.
Getting Cheap Car Loan
To get cheap car loan, unemployed students need to find a right kind of lender. This is not an easy task especially with so many lenders operating in the market at present. The key to getting cheap car loan is to shop around in the market. Interest rates varies from one lender to another, therefore when you shop around in the market, you increase your chances of getting the best possible car loan deal.
Unemployed students apart from providing personal details also need to submit the details of the college in which they are studying. After going through all the details, lender will contact you with his decision. If the decision is not in your favor, try to find out reasons which have lead to this situation. Often, it is because of mistakes in your application form.
Secured Loans
Car loans are secured loans and therefore if you are not able to pay the loan amount in full, lender get the right to sell your car in order to recover the loan amount. Make sure that this kind of situation does not occur because it can have a negative impact on your credit rating. In certain situations, car lenders may ask for a cosigner. Students can take the help of their family members in this regard. Select a family member whose credit record is good.
Sources
There are number of sources of car loans for unemployed students. It includes credit union, bank or purchasing directly from a car manufacturer. If you manage to secure a loan from car manufacturer, you can get excellent rebate. Credit union and banks will only approve your loan application when your past credit record is good. To get the best deal from credit union and banks, it is of paramount importance that you do your homework first. It includes filling the application form correctly and submitting all the necessary documents.