Emis

In an official statement on Monday, the RBI stated, "RBI has today issued seven Directions/Circulars, proposing to amend some of the extant Directions/Circulars applicable to banks and other regulated entities".

Handling EMIs smartly: Staying debt-free and financially fit

Wise ways to handle EMIs without compromising your peace of mind and credit.

BimaPay Finsure targets Rs 20 crore premiums in FY26 for maiden corporate product

However, even with the new corporate product, BimaPay remains a retail-first business, CEO Hanut Mehta says

How to easily convert big purchases into EMIs with your SBI credit card

SBI Card's Flexipay facility allows you to split high-value credit card spends into EMIs, helping you better manage big transactions.

Home loan interest rate: EMI relief for home loan borrowers as RBI slashes repo rate by 25 bps

A decrease in the repo rate will now prompt banks to lower their lending rates, making home loans more affordable.

India’s middle-class and the EMI conundrum: 4-step guide to reducing the home loan burden

Here are some ways in which housing loan borrowers can reduce their EMI burden ― increase the down payment, prepay the home loan, and switch your lender, among others.

Bank lending rates set to rise further on expected RBI tightening, say experts

A clutch of lenders, including SBI, BoI, and HDFC, have hiked their lending rates in the wake of the repo rate hike by the RBI on September 30. Home loan borrowers should pre-pay to ensure that the loan is repaid in the anticipated time frame

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

RBI raises rate: Part-prepayment, higher EMI to keep your home loan interest outgo in check

Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan

Loan Moratorium | Don’t sideline the RBI

Interest waiver and loan moratorium started as an RBI scheme — and not as a government scheme to provide relief to borrowers. Ironically, now the RBI is a mute spectator

Why floating rate home loans hold an edge over their fixed interest peers

Floating rate home loans are more transparent and flexible

4 factors that may hurt your credit score despite the loan moratorium

Every time you skip an EMI or a credit card payment, your scores get impacted

RBI Governor Shaktikanta Das to hold a press conference at 10 AM today; here's what to expect

In the first two pressers, the RBI governor announced a series of measures to ease liquidity pressure in the banking system and cushion the economy from the COVID-19 shock.

Lower rates are being passed on once cost of funds declines: Kotak Mahindra Bank

Borrowings of banks are at a fixed rate and it takes some time for the cost of funds to come down

Explainer | RBI bars NBFCs from charging home loan foreclosure charges

In case your financial institution charges a foreclosure penalty on home loans, raise a complaint with the branch.

Viewpoint | Credit access to debit card holders, a potential game-changer for consumer spending  

This large untapped segment of potential borrowers has led banks and financial institutions to look for solutions to leverage the debit card penetration in the country.

Money lessons from Boris Becker’s riches-to-rags story

Keep loan EMIs to a maximum of 60 per cent of your salary to avoid getting into a loan trap

Viewpoint| Lower rates to help consumers, hurt depositors

RBI has done its bit; lenders need to pass on rate cuts for real benefits to accrue

New floating rate for loans: More transparency, but your EMIs will change often too

For borrowers, the new framework is aimed at making loan pricing more transparent. But it may also mean more volatility in their EMIs

Be a smart borrower; here are 5 ways to plan your EMI

In case of home loans, your EMIs should not be more than 40% of your income.

Flipkart, Amazon begin pre-orders for Apple iPhone 7 models

Good news for Apple lovers as e-commerce majors Flipkart and Amazon on Friday started pre-orders for the much awaited Apple iPhone 7 & iPhone 7 Plus. Both the smartphones will be officially available in India from October 7.

Now, shop from Flipkart with SBI EMIs

State Bank of India tied up with online shopping major Flipkart to offer consumer durables purchase on EMIs to its account holders

UCO Bank revises lending rates based on marginal cost

For one year loan, the interest rate will be 9.55 percent while for two years it is going to be 9.65 percent, UCO Bank said in a BSE filing.

Banks, not customers gain from RBI rate cuts: Ind Ratings

The RBI has cut rates by 125 bps since January 2015, but banks have cut one year deposit rates by an average 130 bps. Interestingly, lending rates have fallen by a meagre 50 bps, which includes the base rate cuts announced by most banks post September 29 policy.

Six `schemes` developers offer to attract fence-sitters

Real estate markets in Mumbai is sluggish. To accelerate sales, developers offer various funding options. Some also offer rental guarantees and some offer fully furnished flats.