loans

Rating agencies say ban on short-term loan securitisations to crimp volume

The Reserve Bank on December 5 amended the master directions on securitisation of standard assets, barring securitisation of loans with residual maturity of under 365 days with immediate effect, other than for trade receivables.

RBI rate hike: Borrowers stare at higher EMIs, reduced eligibility; depositors stand to gain

Existing home loan borrowers may see EMIs rising as there is not much room for loan tenures to increase. On the other hand, they may gain from a likely rise in fixed deposit rates

Interest-free loans up to Rs 5 lakh for Mission Shakti SHGs in Odisha

Describing the move as "revolutionary, Patnaik on Tuesday said women can now set up small and medium enterprises (SMEs) or even launch big businesses.

Looking to buy your first house? Take a calculated view sans family or peer pressure

Interest on home loans has risen lately, making house purchases that much costlier. However, owning a house does give a feeling of security that isn’t easy to quantify mathematically.

Five Star Finance eyes Rs 7,000 crore in assets under management by FY23-end

The management of Five Star Finance said that the company will continue investing in growing its branch network and adding technological capabilities.

How long can states sustain on Centre’s fiscal support and perpetual loans?

New sources of risk such as a return to the old pension system, and mounting overdue of power discoms could push many states to a fiscal precipice

Personal loans | Banks that offer the lowest interest rate on a Rs 5-lakh loan

Bank of Maharashtra, Bank of India and State Bank of India offer interest rates between 8.9-10.55 percent on personal loans

BoB lowers home loan rates by 25 basis points to 8.25%

At 8.25 per cent, BoB's rate is lower than that of the segmental leaders SBI and HDFC.

Domestic airfares unlikely to drop back to pre-COVID levels as airlines battle cost surge

Airlines are in no mood to start a fare war at a time when global supply chains are disrupted and fuel prices are still at very high levels after the Russian invasion of Ukraine.

Applying for a home loan? How sanctioned amount is different from disbursed amount

Can a home loan borrower avail a loan for less than the sanctioned amount? Can a home loan get rejected after the bank has issued a sanction letter? For answers to these and many other issues that home loan borrowers should be aware of, read on.

Income-tax deductions on home loans made easy: Part 2

Yes, you can avail of some tax benefits on a home loan if you borrow the money from family, friends on new-age lenders. Read on to find out how and to learn more about other tax benefits on home loans.

Income-tax deductions on home loans made easy: Part 1

You need to be a co-owner as well as co-borrower to claim a tax deduction against a home loan. Further a deduction cannot be more than the amount of your contribution. Read on to find out what other rules govern home loan deductions.

Use Diwali bonus to prepay your home loan and become debt-free sooner

If you pay EMIs on multiple loans, it makes sense to use your Diwali bonus to pay off your credit card and unsecured loans first. Your home loan should come next. But there is also a way to become debt-free sooner without waiting for your Diwali bonus.

Can the salaried ever achieve financial freedom? Here are 3 easy steps to do so

Just setting aside money every month from your salary is not enough if much of it goes into bank deposits. Your investments need to beat inflation

Five things you should consider before choosing a festival-season loan

When you opt for a loan, you need to ensure that it is repaid in time so that your credit score does not take a beating.

IDBI Bank targeting bad loan recoveries worth Rs 4,000 crore in FY23: CEO Rakesh Sharma

Going forward, IDBI Bank is looking to explore avenues to achieve a business growth of 10-12 percent, the CEO said.

Under ECLGS, interest rates for loans to Indian airlines are virtually double that of banks: Govt officials

High interest rates puts the viability of the scheme in question, at a time when airlines are struggling to make ends meet due to high ATF prices.

Diwali Bonanza: BoB, HDFC Bank, ICICI Bank lead cheaper loan offers

Several Diwali loan offers are currently on. But read the fine print before you opt for one. Take loan only if you really need to borrow.

Higher revenue receipts help Odisha avoid market borrowing

Aside from non-tax revenue from mining auctions, Odisha's tax revenue grew 20 percent during the first six months of the current financial year thanks to a spurt in economic activity after the easing of Covid restrictions

Pakistan seeks billions of dollars in new loans after floods

"We are not asking for any kind of measure [such as] a rescheduling or a moratorium," the country's Prime Minister Shehbaz Sharif told the Financial Times. "We are asking for additional funds."

Bajaj Housing Finance lines up Diwali offer, slashes home loan interest to 8.2%

The Diwali Special Offer will remain valid from October 14, 2022 to November 30, 2022.

Diwali Shopping: How to make the best use of festive offers

From cashbacks to discounts to waiver of processing fees on home loans, many banks have lined up goodies for consumers. Make sure to check if there are offers with your credit and debit cards as well.