Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
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Wed, Apr 03, 2024
A floating interest rate refers to an interest rate that changes depending on market conditions. This form of interest rate is based on the base rate supplied by numerous lenders, and once the base rate changes, the interest rate is immediately revised. On the other hand, a fixed interest rate loan has an interest rate that does not change during the loan's duration. This enables the borrower to precisely forecast future payments.
Home loan Prepayment: One of the most tested and effective strategies to reduce your interest on principal is prepayment. It may be in the form of paying one extra EMI every year or paying a 10 per cent higher EMI every year. Know how you can use these tactics to reduce your home loan repayment substantially.
Sun, May 26, 2019
In this segment of Zee Business, Know How much tax relaxation on Home Loans?
Fri, May 24, 2019
In this segment of Money Guru, watch ' If you too in need of a loan, watch this before applying'
Fri, May 10, 2019
Well, it could be a major heartbreak for a salaried employee planning to buy a dream house or fund a big wedding. It may lead to questions like why exactly was the loan application rejected? Or, how to meet the looming financial requirements now?
Thu, May 02, 2019
Many times home loan application gets rejected by the banker due to improper documentation of lack of paperwork being done by the loan applicant.
Tue, Apr 30, 2019
Let’s compare who offers best home loan interest rates among major lenders.
Thu, Apr 25, 2019
Among the loans are personal loans, home loans, auto loans, education loans, loans against property and loans against gold ornaments.
Mon, Apr 08, 2019
Fintech firms have become a major booster to citizens who are in need of financial aid. The time period to actually disburse loan is just between 24 hours to 48 hours post acceptance.
Thu, Mar 28, 2019
ICICI Bank has today announced the launch of two instantaneous home loan facilities, which it claims to be first-of-its-kind in the industry.
In February 2019 policy, Das along with MPC members decided to cut policy repo rate by 25 basis points to 6.25% from previous 6.50%.
Tue, Mar 26, 2019
Doing things in a certain way while taking a home loan will help you greatly to save a huge amount of money.
Wed, Mar 20, 2019
Now when it comes to borrowing, Ranjith Punja, CEO and Co-Founder CreditMantri, says, “lenders generally look at your credit score to gauge your creditworthiness."
Home loans are big-ticket, secured loans where the property serves as collateral to secure the loan amount.
Mon, Mar 18, 2019
When a rate cut takes place, one can expect EMIs on a home loan to become cheaper as it involves floating interest rate which is linked to the movement of policy repo rate.
Are you planning to transfer your home, car loan balance? You should wait till April 1 as, after that date, the interest rates applicable on home and auto loans may change in accordance with the RBI guidelines.
Mon, Mar 11, 2019
Over the past few years, India’s household saving rate has declined sharply and the household financial savings rate has been largely stagnant.
Thu, Mar 07, 2019
Retail has been driving loan growth at 15-17% and the share of retail loans is at 26%, an all-time high.
Wed, Mar 06, 2019
When a bank follows a cut in lending rates benchmark, one can surely expect their EMIs on home loan, personal loan and vehicle loan to get cheaper.
Tue, Mar 05, 2019
In what comes as a major good news for homebuyers in India, LIC Housing Finance (LICHFL) has partnered with India Mortgage Guarantee Corporation (IMGC) to offer a special loan scheme.
Fri, Mar 01, 2019
In a major good news to borrowers, state-owned lender Punjab National Bank has cut down its marginal cost of fund based lending rate (MCLR) by 10 basis points with immediate effect.
Wed, Feb 27, 2019
A home loan comes at the cheapest rate of interest and is categories as a good loan.
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