Should you buy your first home now or wait for lower interest rates?
Appreciation in property prices could lead to a situation where there is no benefit in waiting for interest rates to fall, as you could end up buying a costlier house and therefore, repaying a higher loan due to the delay in making the decision.
Why pre-paying your housing loans early makes good financial sense
An increase of 5-10% in your annual EMI is enough to bring down your home loan interest costs by half. But pre-paying your home loan isn’t just about savings.
FinMin releases Rs 66,745 cr loan to 28 states for capital investment in Apr-Jan
Under the scheme, special assistance is being provided to the state governments in the form of a 50-year interest-free loan up to an overall sum of Rs 1.3 lakh crore during the financial year 2023-24.
Should you opt for pre-EMI for a loan on a property under construction?
Pre-EMI option is lighter on the pocket as you only pay interest in the first years before the EMI period starts. But pre-EMI incurs a higher interest cost in the long-term, than the regular full EMI option.
Tata Capital to provide collateral-free education loans up to Rs 75 lakh
Mumbai-based Tata Capital is providing education loans for those seeking funding to pursue higher education in India, USA, Canada, UK, Australia, New Zealand, Germany, Singapore and Dubai (UAE)
Calculating EMIs Made Easy: The Ultimate Loan Against Property EMI Calculator Guide
Master Loan Against Property EMIs with our guide! Use the ultimate calculator, make informed decisions, and secure the best terms. Read on for financial empowerment!
New to credit? Here is how to build your credit score wisely
Building a strong credit score takes time and responsible credit management. Your repayment history is given the highest weightage, so you must ensure that you pay all your dues on time to build and maintain a good credit score.
Evergreening of loans – Is RBI justified in its actions?
Companies often seek to retire higher interest loans with lower interest ones. Banning banks and NBFCs from investing in Alternative Investment Funds on suspicion, often baseless, of evergreening of loans is creating artificial funds crunch. Instead pursue proactive disclosures of loans from AIFs and audit committee scrutiny of investments in AIFs
Marry Now Pay Later Scheme: A smart wedding finance option?
The wedding season brings with it the financial burden of big fat weddings. But what if there was a way to skip that mental stress? Couples now have the option of choosing the new market trend of Marry Now, Pay Later (MNPL) scheme instead of traditional wedding loans. However, which is the better option? This video dives into the pros and cons of both options, helping you make the right decision for your big day. Watch this:
HDFC agents threatened me, family after relative failed to pay EMI, says Mumbai man. Bank responds
What bothered Yash Mehta most was that the loan recovery agent seemed to have access to his personal details which HDFC Bank was privy to.
Banking Central | What’s the best New Year gift banks can give us in 2024?
Banks must stop pressuring junior executives to engage in relentless cold calling to sell loans that customers do not need or peddle complex investment products that clients do not fully understand
Personal loan or gold loan: Which is the winner if you need money urgently?
Personal loan interest rates usually start at 10.5 percent per annum, depending on the applicant’s credit profile. Gold loan interest rates usually tend to be lower than personal loans for those with poor credit profiles. But a gold loan requires collateral.
'Shocked': Senior cop claims HDFC doesn't provide loans to police as a policy, bank responds
The Jammu and Kashmir police officer's post sparked comments from several disgruntled bank customers who claimed that their loans too were rejected due to their professions.
Marry Now, Pay Later? Why wedding loans are not a match made in heaven
While taking out a wedding loan or participating in a ‘Marry now, pay later’ scheme, borrowers must understand key terms such as interest rate, loan amount, and repayment schedule. You should borrow only to pay for the basic expenses and not to fund the showbiz part of the Big Fat Indian Wedding.
Want a lower interest rate on your home loan? Here’s how you can get it
You can negotiate with your bank for a reduction in interest rate on your existing home loan. The bank will charge you a fee for this so use an online home loan refinance calculator to figure out what you will save.
IREDA floats retail division for business to customers loans
Shortly after opening, IREDA's retail division quickly sanctioned its first loan amounting to Rs 58 crores under KUSUM-B
Using SIPs to repay education loans more efficiently
The non-performing assets in education loans stood at 7.82 percent of a total outstanding portfolio, at the end of the first quarter of FY23. The number of students opting for foreign education using education loans has been increasing but repaying these loans can be a challenge. There is a way out though.
No major concern on BOB's unsecured loan book, says top official
Joydeep Dutta Roy, executive director, BoB, said that the unsecured loan book of the bank is only for existing customers
Urgent loan: Quick solution to your unforeseen financial needs
Is there more steam left in the Repco Home Finance stock?
A sharp rise in advances, backed by business model up-gradation. Asset quality and return ratios trending up; undemanding valuation
RBI’s credit deployment data add to existing anxiety pangs
Recent spurt in personal loans certainly bears close watching, but trends in industry too are sending confusing, if not worrying, signals
How to choose between personal loans and credit cards for urgent needs
Using a credit card is better for smaller amounts that you can easily repay in a few weeks. However, if the required amount is large and you would not be able to pay it back fully soon, then taking a personal loan is advisable.
Axis Bank aims to augment small-ticket loans this year: MD & CEO Amitabh Chaudhry
The bank has created a distinctive 'Bharat Bank' unit with tailored rural products, an increased footprint through branches and a digital presence, partnerships with facilitators like Common Services Centers (CSCs), and village-level entrepreneurs enabled by multiple agri-commodity-focused ecosystems, he said.
Education funding: Not just bank FDs, there are other ways too
Education financing is no longer an option; it has become a necessity. The good news is that there are many ways in which you can get financing and secure your child’s future. We feature a few of them.
When taking home loan, make sure your down payment is high enough
When buying a property, it’s best to pay 30-40 percent or even more of the property cost as a down payment. An increase in interest rate can derail your finances if your EMI is already equivalent to your monthly savings.
