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  • ‘Buy now, pay later’ schemes are getting popular amid COVID-19 pandemic, but these are debt traps Apr 07, 2021 09:05 AM IST

    ‘Buy now, pay later’ schemes are getting popular amid COVID-19 pandemic, but these are debt traps

    'Buy now, pay later' schemes may sound convenient as it allows you to bunch up payments, much like a credit card. But if left unchecked, late payment charges and interest costs can burn a hole in your pocket

  • Punjab & Sind Bank and Bank of India offer the cheapest gold loans Apr 02, 2021 09:33 AM IST

    Punjab & Sind Bank and Bank of India offer the cheapest gold loans

    State Bank of India, Bank of Baroda gold loans carries an interest rate of 7.5 percent and 9 per cent per annum respectively

  • World Bank signs fresh loan agreements worth $1.336 billion with Pakistan Mar 27, 2021 12:44 PM IST

    World Bank signs fresh loan agreements worth $1.336 billion with Pakistan

    A total of six project agreements, worth USD 1.336 billion in loans, including a USD 128-million grant, were signed on Friday to support the government's initiatives in social protection, disaster and climate risk management, improving infrastructure for resilience, agriculture, food security, human capital development and governance sectors, the Dawn newspaper reported.

  • RBI extends restrictions on scam-hit PMC Bank till June 30 Mar 26, 2021 05:58 PM IST

    RBI extends restrictions on scam-hit PMC Bank till June 30

    The restrictions were set to expire on March 31, 2021, but the Reserve Bank has decided to extend the curbs by at least another three months.

  • Loan against property: Interest rate and repayment tenure are key deciding factors Mar 26, 2021 10:55 AM IST

    Loan against property: Interest rate and repayment tenure are key deciding factors

    The loan amount can be used for children’s education, business expansion, new property purchase and medical treatment

  • Vehicle scrappage policy: Leasing is a cheaper option than buying a car on loan now Mar 11, 2021 09:55 AM IST

    Vehicle scrappage policy: Leasing is a cheaper option than buying a car on loan now

    Cars that are over eight years old would have to go for a fitness test. A green tax of 10-25 percent would be charged every time you renew the fitness certificate. Maintaining a car would more expensive now

  • Punjab & Sind Bank, Central Bank of India offer the cheapest car loans Mar 01, 2021 02:16 PM IST

    Punjab & Sind Bank, Central Bank of India offer the cheapest car loans

    Canara Bank, Punjab National Bank charge 7.3 percent for Rs 10-lakh car loans

  • One-year of COVID-19: Five steps to get out of that debt trap Mar 01, 2021 11:03 AM IST

    One-year of COVID-19: Five steps to get out of that debt trap

    As we complete one year with the pandemic, here are money lessons to be learnt from a real-life case

  • How ECS bounce charges snatched the loan moratorium relief Feb 23, 2021 12:16 PM IST

    How ECS bounce charges snatched the loan moratorium relief

    Each time the electronic clearance service request for loan EMI payment bounced, charges were levied by banks on customers

  • Union Bank, Punjab National Bank offer the lowest interest rates on personal loans Feb 22, 2021 02:12 PM IST

    Union Bank, Punjab National Bank offer the lowest interest rates on personal loans

    The rates on personal loans range from 8.9-10.5 percent

  • Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO Feb 18, 2021 12:47 PM IST

    Exclusive | Exporters yet to receive tax refunds of Rs 25,000-30,000 crore from Centre as liquidity crisis hits hard: FIEO

    The government's largest export incentive policy, the Merchandise Exports from India Scheme (MEIS), has been discontinued from January 1, 2021. Covering upto 75 per cent of India's total exports, it was a crucial support to exporters. Now, even as tax refunds under MEIS remain stuck with the government, exporters say that it's replacement, the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, is unfinished and insufficient.

  • Affordable housing: Low ceiling on value limits income tax benefits from home loans Feb 04, 2021 10:42 AM IST

    Affordable housing: Low ceiling on value limits income tax benefits from home loans

    The Rs 3.5 lakh of deduction available for affordable housing made sense when the interest rates on home loans were 8-9 percent

  • State Bank of India, Punjab National Bank offer education loans at 6.9% Jan 27, 2021 11:14 AM IST

    State Bank of India, Punjab National Bank offer education loans at 6.9%

    Union Bank’s interest rate on education loans even lower at 6.8 percent

  • CARE Ratings report on uptick in retail loans: What you must do to avoid a debt trap Jan 15, 2021 10:14 AM IST

    CARE Ratings report on uptick in retail loans: What you must do to avoid a debt trap

    Even though loans are cheap and easily available, your EMIs should not exceed 40 percent of your take-home pay

  • Home loan transfer: Factors to consider before shifting lenders Jan 07, 2021 09:47 AM IST

    Home loan transfer: Factors to consider before shifting lenders

    Falling interest rates on home loans have prompted many borrowers to shift lenders. Here are some key factors to consider before doing so

  • Union Bank, Punjab National Bank offer the lowest rates on personal loans Jan 06, 2021 11:51 AM IST

    Union Bank, Punjab National Bank offer the lowest rates on personal loans

    Union Bank of India’s personal loan rate on a Rs 5-lakh loan with a five-year tenure starts at 8.9 percent

  • Digital lenders association tightens code of conduct for loan recoveries: What borrowers must be aware of Jan 01, 2021 10:11 AM IST

    Digital lenders association tightens code of conduct for loan recoveries: What borrowers must be aware of

    The digital lenders’ association claims it is working closely with the payment partners to identify unethical recovery activities

  • Bank of India, Punjab & Sind Bank offer the cheapest gold loans Dec 29, 2020 10:22 AM IST

    Bank of India, Punjab & Sind Bank offer the cheapest gold loans

    Interest rates on gold loans from banks start at 7 percent, but NBFC loans are far more expensive

  • RBI’s warning to coercive digital lending apps: What borrowers must be aware of Dec 24, 2020 09:52 AM IST

    RBI’s warning to coercive digital lending apps: What borrowers must be aware of

    While applying for a loan, you must verify the background of the lending company

  • Union Bank, Bank of India and Bank of Baroda offer the lowest rates on educations loans Dec 23, 2020 11:24 AM IST

    Union Bank, Bank of India and Bank of Baroda offer the lowest rates on educations loans

    Education loan rates start from 6.8 percent. SBI and IDBI Bank charge marginally higher rates

  • CRIF report on the rise in personal loan borrowings: How to avoid a debt trap Dec 23, 2020 10:41 AM IST

    CRIF report on the rise in personal loan borrowings: How to avoid a debt trap

    Personal loans are expensive. If you fail to pay even a single EMI on time, your credit score gets impacted

  • Punjab & Sind Bank and Central Bank of India offer car loans at 7.1 % Dec 15, 2020 10:33 AM IST

    Punjab & Sind Bank and Central Bank of India offer car loans at 7.1 %

    Punjab & Sind Bank and Central Bank of India offer the lowest rates on a Rs 10-lakh car loan

  • China bails out Pakistan, sanctions $1.5 billion loan for Saudi Arabia debt: Report Dec 13, 2020 03:08 PM IST

    China bails out Pakistan, sanctions $1.5 billion loan for Saudi Arabia debt: Report

    This loan has come by augmenting the size of 2011 bilateral Currency-Swap Agreement

  • Personal Loans: These govt banks are offering cheapest loans at interest rates as low as 8.90% Dec 06, 2020 02:05 PM IST

    Personal Loans: These govt banks are offering cheapest loans at interest rates as low as 8.90%

    If you want to opt for personal loans, here is the list of banks you can refer to which are offering the cheapest personal loans to you. Interest rates on personal loan for all listed (BSE) public and private banks have been considered for the data compilation. EMI is calculated on the basis of interest rate mentioned in the table for Rs 5-lakh loan with tenure of five years (processing and other charges are assumed to be zero for EMI calculation). Interest and charges mentioned in the table are indicative and may vary depending on bank's terms and conditions.

  • How to mark a lien on your mutual fund units while taking a loan Dec 03, 2020 11:41 AM IST

    How to mark a lien on your mutual fund units while taking a loan

    Lien is the right given to the lender over a security to recover money in case the credit given to the borrower is not repaid as per agreed terms

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