Metro

In the first case, a 21-year-old was duped of Rs 52,000. The victim, had responded to an advertisement on OLX regarding the sale of a two-wheeler, last year. The accused promised to send the bike by courier, after the victim deposited the said amount into his bank account. When the bike failed to arrive, the victim filed a complain at Sahakarnagar police station.

In the second case, a 28-year-old woman was duped of Rs 49,998. According to the complaint filed at Alankar police station, the victim received a call from an unidentified person, claiming to be from Amazon stating she had received an offer, to purchase a Dell laptop. The victim deposited the said amount via Paytm to the accused. Umesh Mali, assistant police inspector, Alankar police station, is investigating the case.

The third case was lodged at Kondhwa police station. The complainant, a 25-year-old was duped of Rs 7,000 by the accused who had posted an advertisement to sell his laptop on OLX. The accused asked the victim to deposit the said amount, in advance, as shipping charges . The incident took place in November 2018. Mahadeo Kumbhar, police inspector crime, Kondhwa police station, is investigating the case.

In the fourth case a twenty-four-year-old filed a complaint at Kondhwa police station, stating he has been duped of Rs 3.46 lakh. The accused had demanded the said amount in various instalments, from the victim under the pretext of completing formalities, who was looking to secure a job for his younger brother. The crime took place last year, via multiple online transactions. Anil Patil , senior police inspector, Kondhwa police station, is investigating the case.

News Source: hindustantimes

Published in Technology

educationAre you heading overseas for higher studies in the coming academic year? If you have been granted admission to one of the many foreign institutions, you might also be seeking a loan to finance your studies since foreign education can be quite expensive.

Education loans are not difficult to get as many lenders are vying to offer finance to students. “Any person of Indian origin, between the ages of 16-35 years and pursuing a degree in India or abroad can apply for an education loan,” Adhil Shetty, CEO, Bankbazaar said.

But there are things you should be aware of before heading to the lender with your application. Firstly, education loans can be expensive and hence you should assess your future repayment capacity before signing the deal.

“Education loan interest rates are not low. In addition, it is compound interest, which means that your dues multiple phenomenally,” says Shetty. PSU banks usually charge 0.5-3% over the 1-year MCLR for education loans. This would work out to an interest rate of over 11 per cent at the higher end. The actual rate depends on the type of educational institution and the quantum of loan. Thus, loans for students joining premier institutions are much lower than a lesser ranked universities. Women applicants get a 0.05% rebate on the interest.

You must also assess your repayment capacity. “Defaulting on loans would increase your loan burden substantially. In case you actually end being unable to pay your education loan, you will be starting your career with a poor credit record and would be ineligible for further loans. Not just you but your family, who are your guarantor, could be held responsible and their assets will be used to clear your liabilities. So it is best to begin repaying your loan as soon as possible without utilizing the moratorium period to keep the interest rates to the minimum,” says Shetty.

Lenders provide a substantial period as a moratorium before the borrower starts making repayments. You do not need to start your repayments during your entire course span as well as for some more time post that. The Moratorium or waiver period varies from bank to bank and you should check with your bank about the waiver period before planning your education loan repayment. Shetty points out that banks start charging the interest on education loans immediately and not wait until the waiver period ends. So the longer you wait to begin the repayments, the higher interest you would be paying.

However, this should not deter you from approaching a lender if you need a loan. But before you head to a lender, you need to be prepared with all the necessary documents to get quick approval of your loan request.

“It is essential to have all required documents ready before applying for the loan. Students will be required to provide identity proof, age proof, and address proof and co applicant’s document which includes relationship proof, address proof, income document. They should also submit the admission letter with a fee structure. In a case of foreign bound students, they need to submit visa approval papers, Travel papers, GMAT /GRE Score etc,” says Amit Gainda, CEO, Avanse Financial Services Limited.

Published in World
Wednesday, 09 August 2017 13:08

Enrolment for Aadhaar set to resume soon

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