When you take a loan, do review your insurance covers. Repayment of loan even when you are not around, will ensure that your family get peaceful enjoyment of assets you built using the loan
Risk-based pricing in India is still at a nascent stage. With the strengthening of credit bureau presence, credit score-based underwriting and alternative methods of risk evaluation, we can expect risk-based pricing to pick up over time.
Do collect the entire repayment statement of your car loan from the bank. This will be useful while updating the credit history in case of any discrepancies in your credit score and the report.
The longer your car loan tenure, the higher the interest outgo will be. This is the primary reason for a borrower to avoid opting for a long-loan tenure.
Mirae Asset Tax Saver Fund - DP (G)
Mirae Emerging Bluechip -Direct (G)
Kotak Nifty ETF
Mirae Emerging Bluechip Fund (G)
HDFC Small Cap Fund - Direct (G)
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To our salaried customers, we give home loan sanctions within four hours, said Ambuj Chandna, Senior Executive Vice President and Head – Consumer Assets of Kotak Mahindra Bank
If card is hacked or stolen, then customer tends to lose out on credit limit and register loss from savings account
High interest debts are the worst debts, clearing them should be the first priority. Generally credit card loans, or personal loans carry heavy interest rate, therefore, targeting them first will make sense.
Though the RBI wants the transmission of rate cuts to the real, it is not in a position to put much pressure.
During the consultations with RBI, several banks opposed the decision of linking lending rates to an external benchmark saying their cost of funds was not linked to those external benchmarks
The RBI could explore introduction of tangible benefits such as income tax incentives based on the digital transactions consumers initiate, while merchants could get GST credits based on the volume of digital payments they accept