The bank has revised downward the base rate or minimum lending rate from 10.25 percent to 10.10 percent which will be effective from May 6.
Though RBI has opted to lower key interest rates, not many banks are passing the rate cuts to their existing home loan customers. In such cases, it makes sense to go for balance transfer, provided one accounts for costs first.
Realty major DLF remains at war with many of its buyers across the National Capital Region (NCR) and now Bengaluru. A coordinated protest saw buyers of 3 residential projects come together demanding possession of their homes as well as a more fair and equitable treatment from the realty major.
Investors looking for capital protection typically opt for fixed deposits. Here are some options offered by mutual fund industry that allow them protect their capital and earn healthy post tax returns.
The rate cuts announced by banks and home loan companies are below expectations. It makes sense to wait for some time to get a sweeter deal on balance transfer
If you have just started earning, then consider these basic rules of investing, as you shape your finances. Setup emergency corpus, have your own health insurance, secure your dependents, save substantially, focus on risk management, start goal based savings and pay attention to asset allocation principles.
Buying a flat is a big decision, especially if you are in a metro city. Preparing yourself with right information, pre-approved home loans among others can help you spot a better deal.
Balance transfer, converting your dues to an EMI option or going for a new loan can help one survive a default on credit card. These options help a credit card holder to pay down his outstanding without incurring high costs.
Not all courses are approved by authorities and hence may not be funded with an education loan. Loan against property can come to rescue in such a situation
Real estate investing has given mind-boggling returns over last 10 years. However one should be careful while investing in real estate. Here are some useful tips that can help you be a sane investor in real-estate
Home loan rates have climbed up over last two years. However now the rates have started moving down. It is the right time to review your home loan. You may save some money.
Emerging markets' output growth rose to a 5-month high in February, and manufacturing as well as services sector in India expanded at a faster pace than China during the month, an HSBC survey said on Friday
Falling interest rates may fall in home loan interest rates, which further reduce EMI. Gilt funds investing in long term government bonds are best positioned to benefit from falling interest rates
Expecting a near-term boost to economy from RBI's rate cut, Minister of State for Finance Jayant Sinha on Wednesday said the decision should bring down the loan EMIs significantly and there is room for further easing of rates.
You have to be patient when you are buying a car using a car loan. In addition to comparing auto loan deals online, here are some tips that can help you pick the best deal on the street
Borrowers should get rid of misconceptions about home loans and interest rates on home loans. Here is how interest rates are determined and why they fluctuate.
Education loan repayment offers tax benefit under section 80E of Income Tax Act. Defaulting on education loan leads to a lower credit score.
Borrowing for vacations fall in the bad loan category, whereas borrowing for home loan is a good loan. Instead of going on a vacation on borrowed money, it makes sense to build a 'leisure corpus' by saving each month.
There are many double income families, where husband and wife both earn. However not many of them are on track to achieve their financial goals. Here are some tips that would help them reach their financial destination.
Credit card debt after festival season becomes a problem for some credit card users. Here is a step by step approach that can help you come out of debt trap.
Ready to occupy residential properties eliminate risks associated with project execution. It brings in benefits such as tax benefits on repayment of loans raised to fund such property, scope for price appreciation as well as some savings in the form of rents earned.
Borrowers have seen rising interest rate on their floating rate home loans over last couple of years, however fixed rate home loan option is not the way out now. Locking in on a fixed interest rate will deprive borrowers of benefits arising out of fall in interest rates over next one year.
Being your own employers, self employed individuals have to be careful about both business finance as well as personal finance. Mingling both can be harmful in the long term for your financial well being.
Home loans are inevitable given high real estate prices. Investors should however choose their EMI option wisely to ensure less burden on their finances.
"Emaar MGF customers can now pay EMIs for their properties through PayUMoney," the developer said in a statement today.