Tue, Aug 22, 2023
The borrowers face the risk of losing the ownership over the mortgaged property in case of defaults on loan against property. If the borrower is unable to repay the loan, the bank will have control over the property pledged as the collateral. The lender can auction or sell the property to recover its unpaid dues.
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Sat, Aug 12, 2023
Pending EMI payments can lower a borrower’s credit score. This means that the person will be less likely to get loans and credit cards at favourable interest rates in the future.
Mon, Aug 07, 2023
Lenders often offer preferential rates to customers with a solid credit history. If your credit score is near 800 and you have maintained a responsible repayment track record, you may be eligible for better rates on your loan.
Sat, Aug 05, 2023
Borrowers should consider their specific financial needs before opting for loan restructuring or refinancing. Loan restructuring tailors EMIs and strengthens loan-to-value ratios while loan refinancing helps to avail additional funds on more convenient terms.
Tue, Jan 10, 2023
The Reserve Bank of India has increased repo rates by 2.25 per cent since May last year. The benchmark interest rate now stands at 6.25 per cent after the latest round of repo rate hike of 35 basis points on December 7, 2022.
Fri, Sep 02, 2022
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, on Friday said that it is important to strike a balance between lending and deposit rates.
Sat, May 07, 2022
According to the filing, “HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 30 basis points, with effect from May 9, 2022.”
Sun, Nov 01, 2020
No doubt, renting comes with its own set of benefits like flexibility and lower monthly payments.
Mon, Sep 14, 2020
In a major development, Central Bank of India has reduced its 1-year MCLR from 7.15% to 7.10% and also reduces MCLR of other tenors by 5 bps w.e.f. 15th September 2020.
Tue, Sep 01, 2020
The bench said that it would hear on Wednesday the pleas which have raised the issue of interest being charged on instalments which have been deferred under the central bank's scheme during the moratorium period amid the COVID-19 lockdown.
Mon, Jul 06, 2020
In a major banking development, Kotak Mahindra Bank (Kotak) and Innoviti Payment Solutions have announced that they have collaborated to offer convenient equated monthly installments (EMI) billing options on Kotak Debit Cards swiped on Innoviti PoS terminals.
Thu, Apr 23, 2020
If you are among those paying EMIs of home loans, car loans or any other borrowing or credit card bills, then this is an important development for you!
Sun, Mar 29, 2020
In a major development, the Apparel Export Promotion Council (AEPC) has sought a suspension in declaration of non-performing assets (NPA) and raising the moratorium period on term loan EMIs to one year.
Tue, Dec 18, 2018
In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019.
Thu, Dec 13, 2018
Home loans are given depending upon your age, your salary status, your capability of repayment and background checks of previous loans
Wed, Dec 05, 2018
In fact, one should definitely pray that RBI chooses to put a status quo in this policy, as data reveals that home loans, auto loans and personal loans are already expensive due to rise in MCLR rates since March 2018.
Thu, Nov 29, 2018
Short term gains on investment depends upon the time horizon. Generally, it is one or two year investment.
Tue, Oct 09, 2018
Crux of the matter: Why banks are not passing on the benefits of rate cuts to borrowers.
Thu, Sep 27, 2018
Consumers have been flooded with massive offers by banks and other companies in a bid to boost sales.
Tue, Sep 25, 2018
Notably, now investment in Small Saving Schemes looks way more attractive than what banks are offering you.
Thu, Aug 02, 2018
EMIs on home, car and two-wheeler loans are set to cost more as the Reserve Bank of India (RBI) on Wednesday raised key lending rates on the back of higher inflationary risks and fears of global volatility such as currency wars.
Wed, Jul 18, 2018
Net liquidity position has moved from a liquidity surplus level in the preceding week to a marginal liquidity surplus level in the week ended 13 July.
Tue, Apr 03, 2018
While most families in India have grown up with the belief that a Fixed Deposit is the only way to invest, there are many other options available, right from equity and debt mutual funds and stock markets to gold, real estate, art and so on.
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