Personal loans should be one of the last financing options as they come with a high price and can ruin your financial plan.
The festive season has arrived and banks are back again luring its customers with discounts and cashbacks through their product offerings.
Here are the various features of top-up home loans and how they compare with other credit alternatives like personal loan, gold loan, credit card loans.
The interest rate you pay on your loan is being increasingly linked to your credit score.
"To bring back investments, the fundamentals of project financing will have to change. Projects will have to be much more completely tied-up before they get funded," Kochhar said at the launch of a book, edited by former RBI deputy governor Rakesh Mohan, here last evening.
Though there are other parameters besides repayment history which makes you eligible for a home loan, timely re-payment of funds is of great importance.
The offer is in addition to the existing waiver on processing fee on takeover of home loans, the bank said in a statement.
Credit score is the number assigned by credit information companies to give lenders an idea of your creditworthiness.
Before you do this, examine the liabilities that may come from this arrangement.
An additional interest subvention of 3 percent per annum will be available to "prompt payee farmers".
The West Bengal Essential Commodities Supply Corporation Ltd (WBECSC), which is under the food supplies department, had taken loan of over Rs 370 crore from the nine nationalised banks and had reportedly exported inferior quality iron ore to the China-based company.
Education loans can be expensive and hence you should assess your future repayment capacity before signing the deal.
A good credit score ensures that any loan you apply for gets sanctioned quickly. The score reflects one’s track record in handling credit.
The more we become 'social', the more we tend to show-off. It leads to more bad loans. It is time to shun bad loans and embrace good loans wherever required.
If you are unable to meet your monthly EMI payments, depending on the number of days that have passed without payment, you will be branded a defaulter by the lender.
Consumers are in for a good time with EMIs likely to come down and lenders likely to come up with festive season offers on loan rates in the ensuing months.
It would be a wise move to switch your base rate home loan portfolio to MCLR regime of your bank or another lender, based on what’s the interest rate going to be in either of the options. Think of switching where the eventual interest rate offered is lower, while also keeping an eye on other costs of transfer.
They had invested USD 2.07 billion in their overseas ventures in June last year.
The facility will offer multiple eligible loan amount options up to Rs 15 lakh for a fixed tenure of 60 months based on pre-checked CIBIL scores
Giving a lift up is fine but it should not be at the cost of their own future.
However, the Centre informed Parliament that there is a facility has been put in place for farmers to avail concessional debt.
Interest rates for personal loans range between 10.99% and 24% p.a., depending on your employer, monthly income, repayment tenure and loan amount. Interest rates on gold loans range between 12% and 24% p.a.
Medical loans, which normally come in the ticket size of Rs. 20,000 to Rs. 5 lakh and have a tenure of six months to one year, can be availed at 0% interest rates and are increasingly affordable.
Arguing before Justice S G Shah, the central bank's counsel Darius Khambatta also said that the non-performing assets (NPAs) of Essar Steel rose from Rs 31,671 crore on March 31, 2016 to Rs 32,864 crore on March 31 this year.
Earlier, the loan waiver scheme, titled the 'Chatrapati Shivaji Maharaj Sanman Yojana', covered only those farmers who have the loan outstanding between April 1, 2012 and June 30, 2016.