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Happy International Women’s Day! In today’s video, we celebrate women’s progress in achieving financial independence and discuss how women can leverage their credit scores to unlock the doors to homeownership. From understanding the importance of a strong credit score to practical tips on building credit—whether you're a homemaker or a working professional—we share simple steps to help you start your financial journey and secure the best home loan terms. Join us as we highlight the growing number of women borrowers and explore how you can use financial tools to create lasting financial freedom.
The RBI’s recent repo rate cut to 6.25% is expected to lower borrowing costs for personal and home loan borrowers. Several banks have already revised their interest rates, making loans more affordable for consumers.
Buy Now, Pay Later (BNPL) services offer a flexible way to make purchases by allowing payments in instalments, often with no interest. While convenient, users should manage repayments carefully to avoid late fees and financial strain.
The RBI’s proposal to remove foreclosure charges on floating-rate loans for individuals and small businesses aims to provide financial relief to borrowers. This move could increase competition among lenders while reducing costs for those looking to prepay their loans.
Secured loans require collateral, offering lower interest rates and higher borrowing limits compared to unsecured loans. While they provide financial flexibility, borrowers must carefully assess repayment ability to avoid asset loss.
Securing a personal loan at the lowest cost requires a having a good credit score, comparing lender offers, and choosing a shorter tenure. Avoiding unnecessary fees, negotiating interest rates, and considering secured loans can further reduce borrowing costs.
Flexi loans provide a pre-approved credit limit, allowing you to withdraw funds as needed and pay interest only on the amount used. They offer flexibility in repayments, making them ideal for managing unexpected expenses or irregular cash flow.
Personal loans and overdrafts both provide financial support, but they function differently. While a personal loan offers a lump sum with fixed repayments, an overdraft allows flexible borrowing up to a limit, with interest charged only on the amount used.
Bank credit to personal loans, vehicle loans and credit card outstanding declined in January, leading to a deceleration of personal loan growth.
Public sector banks saw a 12.4 percent year-on-year increase in loan book for December, while that of private banks grew 10.5 percent
Unsecured loans allow you to borrow money without any collateral, making them a convenient option for personal and business needs. Learn more about how they work and their benefits.
A used car loan helps you finance a pre-owned vehicle by covering most of its cost. While interest rates are slightly higher than new car loans, they offer a budget-friendly way to own a vehicle without making a huge upfront payment.
Regularly checking your active loans through credit bureaus, bank statements, or loan tracking services helps manage debt efficiently and prevent fraud. Learn how to stay informed about your outstanding loans and ensure better financial planning.
SBI Chairman CS Setty spoke exclusively to Moneycontrol on SBI's market share, customer service, roll out of YONO 2.0, loans and much more.
Students can access loans through options like student loans with a guarantor, fintech platforms, peer-to-peer lending, and government education loan schemes. While these loans offer financial support, it’s essential to compare interest rates, repayment terms, and eligibility criteria before borrowing.
A luxury summer vacation doesn’t have to be expensive if you plan wisely by choosing less popular destinations, using travel deals, and leveraging reward points. Careful budgeting and smart financing options like personal loans can help you enjoy a dream getaway without straining your finances.
Personal loans offer quick financial support However, understanding interest rates, repayment terms, and potential deductions can help you make a smarter financial decision.
Home loan interest rates are finally coming down! With the RBI reducing repo rate by 25 basis points for the first time in five years, borrowers can expect some much-needed relief. But will this rate cut, expected to be the first of many this year, improve loan eligibility and affordability for new buyers? With the double bonanza of income tax cuts and lower interest rates, will more buyers enter the market? And with higher tax savings and reduced EMIs, is now the right time to buy a home? With more tax savings and lower EMIs should you buy a house now? Join Moneycontrol's Nandita Khemka as she breaks it down with Vipul Patel, Founder, MortgageWorld, and Vishal Dhawan, Founder & CEO, Plan Ahead Wealth Advisors, on Realty Returns.
Planning a last-minute summer getaway? A personal loan can help cover travel and stay expenses with quick disbursal and flexible repayment.
Personal loans provide financial flexibility for various needs, with interest rates and terms varying across banks. Comparing offers based on credit score, income, and loan tenure can help secure the best deal.
It is wise to start saving and investing early to build a sufficient corpus. You can take a call on whether taking an education loan is a better option at the time of making the actual payment.
You will also be able to pay off your Rs 50 lakh loan 7.5 years ahead of schedule.
Personal loan insurance provides financial security by covering loan repayments in case of unforeseen events like death, disability, or critical illness. While optional, it can prevent financial strain on borrowers and their families.
Retail lending’s growth thus far has been partially aided by structural factors such as a large pool of new-to-credit borrowers. With low hanging fruit no longer available, retail lenders need to enhance analytical and risk management capabilities to once again record high but sustainable growth rates
Cancel ECS debit instructions issued to New India Co-op Bank for loan EMIs and pick another bank account to honour your repayment commitments. Change the bank mandates to ensure that your mutual fund redemption proceeds are credited to an alternative, functional account.
