November 13, 2018 09:12 AM IST
Lenders rely heavily on your credit report to make a lending decision.
November 10, 2018 12:19 PM IST
While hoping that you had a fun-filled Diwali, we remind you of a few things you can do with your money to make positive changes to your personal finances.
November 09, 2018 08:40 AM IST
If the default continues for six months, banks give the borrower a two-month grace period to regularise the repayment.
November 06, 2018 09:40 AM IST
While exciting car offers fill the marketplace, ensure you shop smart by considering safety, car finance and fuel apart from the features alone
November 05, 2018 10:47 AM IST
Tax deduction under Section 80E is only available for loans taken for pursuing higher education
November 03, 2018 06:36 PM IST
Portfolio values have eroded massively after the IL&FS default problem broke out. A market correction can wipe out your investments quickly and drill a big hole in your kitty making your financial goals appear far away
November 01, 2018 09:36 AM IST
Avoid co-signing the loan if you have variable income or multiple financial commitments
October 30, 2018 07:56 AM IST
Missed payments are reflected in the 'Days Past Due' and 'Amount Overdue' fields in the ‘Accounts’ section of your credit report.
October 25, 2018 10:57 AM IST
Making timely repayments through a secured credit card, you can easily build a good credit score.
October 23, 2018 07:55 AM IST
Remember, loans come first. If they are high-cost ones like credit card outstandings or personal loans, so do clear those first.
October 19, 2018 03:22 PM IST
Home prices, which have witnessed a relative slowdown in growth, will continue to be under pressure, Japanese brokerage Nomura has said.
October 19, 2018 08:30 AM IST
NRIs are eligible to apply for loans in India but should pay back the loan in Indian rupees only.
October 17, 2018 10:43 AM IST
The purpose of setting a credit limit is to help maintain a good credit score.
October 12, 2018 01:15 PM IST
Alternate credit scoring models have emerged as a solution to this since they are more inclusive as compared to the traditional models employed by banks.
October 11, 2018 09:01 AM IST
A charge-off and a write-off are two completely different things. If your debt is charged off, it doesn’t mean that it is paid off.
October 10, 2018 12:36 PM IST
As attractive as the scheme may appear, it can turn out to be a trap for borrowers/ buyers.
October 10, 2018 10:59 AM IST
Credit card debts attract high interest rates, which may be as much as 40% annually on your unpaid amount. This is supplemented by late fees, collection charges, or even legal fees.
October 09, 2018 08:35 AM IST
Involvement of higher loan amount and long tenure makes the decision of choosing the right lender for your LAP even more important
October 04, 2018 12:24 PM IST
Typically, GST is charged at 12% of basic sales price of property for most under-construction properties except affordable homes where GST is charged at 8%.
October 01, 2018 11:57 AM IST
You should ideally be using not more than 30% of your monthly income to service your debts.
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
September 26, 2018 11:41 AM IST
Some NBFCs provide funds covering complete cost of education, including living and other expenses, books and equipment, etc. without putting a cap on the amount that can be borrowed.
September 24, 2018 09:35 AM IST
The interest rate you’re offered is almost always going to depend on your credit health.
September 19, 2018 08:18 AM IST
People usually explore banks for an education loan, but the rising non-performing assets (NPAs) in this segment have made banks wary.
September 18, 2018 10:51 AM IST
Many credit cards offer you complimentary access to airport lounges, not just at domestic destinations but also international ones.
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