BUSINESS
Why 'holiday now pay later' schemes may be loan traps
‘Holiday now, pay later’ scheme introduced by SOTC-Thomas Cook may sound convenient. But, if you default to pay instalments your credit score will take a hit
BUSINESS
Bitcoin part 1: Here’s how the cryptocurrency works
The Bitcoin is back. People world over have been wanting a piece of Bitcoin. Moneycontrol’s special two-part series explains how it works and why Central Banks are worried about it
BUSINESS
All about the loan restructuring schemes of SBI and HDFC Bank
You will have to bear an increased debt burden for up to two years if you opt for restructuring
BUSINESS
COVID-19 crisis: Avoid using your credit card to pay rent
If you find yourself in financial difficulty, meet your house owner and explain your situation. Ask for a grace period of two to three months
BUSINESS
COVID-19 impact: Plan to study abroad this year? Tough money decisions lie ahead
Students and their parents need to consider the possibility of a prolonged slowdown in developed economies
BUSINESS
Home loan application: How to improve the chances of approval
Apart from our salaries, it would be wise to club other sources income while making a case before the bank
BUSINESS
SBI’s new home finance scheme: Should you go for it?
The scheme is intended to be a confidence-booster for prospective home-buyers spooked by concerns around under-construction projects being abandoned
BUSINESS
How SBI's new repo-rate-linked home loan works
The borrower needs to repay a minimum of three per cent of the principal loan amount every year
BUSINESS
SBI links deposit, loan interest to repo rates; experts believe other PSBs may follow
While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.
BUSINESS
Axis Bank's new home loan aims to reduce interest cost; will borrowers benefit?
The new scheme, called QuickPay, involves paying higher installments in the initial years, which may not suit everyone.
BUSINESS
Need money? Think about a top-up home loan instead of personal loan or gold loan
Top-up home loans clearly outscore other loan options because they come with lower rates of interest rate, higher tenures, and tax benefits
BUSINESS
5 Financial planning moves that will ensure financial freedom for the “Sandwich Generation”
Sandwich generation is struggling with the dual responsibility of caring an elderly parent and also supporting children financially
BUSINESS
Why you must consider purchasing family floater plan while buying health insurance
The logic behind purchasing such a plan is that there would rarely be an instance of the entire family falling sick and needing hospitalisation or other health-related services at the same time.
