If you are receiving funds in dollar terms, you are getting more bang for your rupee
When we make reference to interest rates on personal loans, it is important to note that the credit score and your repayment history significantly influence the cost of borrowing.
At cabinet meeting, approval has been given to waiving existing crop loans up to Rs 1 lakh borrowed from the cooperative sector,Kumaraswamy said.
Here are a few mistakes millennials are likely to commit while availing loans and how to avoid them
In most cases, first-time borrowers, especially young, salaried individuals, don’t have any substantial assets at their disposal.
Home loans constitute 60% of the company's portfolio, with the rest almost equally divided between lease rental discounting and corporate or developer loans
The assessment year 2018-19 onwards, revised ITR can be filed at any time during the assessment year or before the assessment made whichever is earlier.
Defaulting on payments, applying for credit to multiple lenders within a short span of time, spending more than 50%-60% of your credit limit regularly, brings your credit score down.
Investors looking for risk-free, guaranteed returns may continue to invest in PPF, NSC, Sukanya Samriddhi, Post Office Savings, etc.
Some banks and lenders allow you to pledge your mutual fund units to get a bank overdraft instantly
Top-up home loans clearly outscore other loan options because they come with lower rates of interest rate, higher tenures, and tax benefits
You can ascertain the quality of public infrastructure during the monsoon, especially if you are thinking of buying a flat on the ground floor or in a low lying area
It doesn’t make sense to borrow money at 14 percent interest and expect returns higher than borrowed money in a short span of time
Interest rates on personal loans are usually higher as compared to other loans as they are unsecured and the financial institution faces a greater risk while disbursing these loans
The average amount disbursed to an applicant climbed to Rs 9.6 lakh this year from Rs 6.8 lakh last year.
If money parked in the account is in excess of the EMI amount, it is treated as pre-payment towards the loan. This effectively brings down the liability, and interest is charged only on the balance.
PSBs’ average credit growth in the year through March 2018 was 4.7 percent, compared to 20.9 percent for private banks
Personal loan, home loan, or car loan and credit card debts must be kept to a minimum by middle age group
The decision to choose between education loans from banks, NBFCs and P2P lenders should be based on the interest rate, other fee and charges, loan tenure, re-payment flexibility, collaterals, etc
It is important to maintain the right balance between debt and investment. Read on to know about a few factors that can help you decide between them.
There is a condition however that the overall cost of the dwelling unit in the metropolitan centre (with population of ten lakh and above) and at other centres should not exceed Rs 45 lakh and Rs 30 lakh, respectively, for being classified as priority sector.
Existing home loan borrowers who are servicing loans from NBFCs and HFCs may consider opting for MCLR-based rate system by shifting to a bank offering better rates & terms
If you default paying the credit card bill, it will show that you do not have money to even service your short-term liabilities
Instant loans are personal loans that are delivered almost instantly or within the span of one working day
The ICRA report stated that growing affordability and government initiatives like PM's Awas Yojana are expected to result in a rise in primary home purchases.