Chartered accountant and Sebi registered investment advisor, Harsh Vardhan Roongta, answers your home loan queries
Commercial aviation is safe because the crew is paid well and trained extensively for contingencies
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A discount on the product may make a credit card loan seem cheaper than a consumer durable loan. But missing a payment in case of the former will mean exorbitant charges.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
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There will be tripartite pact with member, bank/housing agency and EPFO.
The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.
Gold loan is currently the fastest-growing loan category (among the various types disbursed to individuals). On February 26, 2021, the outstanding loan against gold jewellery stood at Rs 56,596 crore. By February 25, 2022, it had risen to Rs 71,408 crore, a year-on-year growth of 26.2 per cent, according to the Reserve Bank of India's (RBI's) data. Several factors are driving the demand for gold loans.
Facebook enabled users to mark themselves safe in Chennai since Thursday morning
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
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Premium property developers plan easier EMIs to cast net wider.
The guild, which claims to represent around 1,100 of the 1,600 Jet pilots, had earlier warned to go on strike from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
When does it make sense and when does it not?
Before taking the plunge and being a co-applicant, make sure that you are aware of the rights and responsibilities that come with it!
You can get a lumpsum sanctioned, but you may draw only part of it and pay interest on the amount used.
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If one has to draw a parallel to a home loan, marriage comes pretty close. There is a high involvement of finances, emotions and a long time commitment. But don't let this analogy send your thought trail in a frenzy! Just like marriage, this can turn out to be the best decision of your life.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
To make the most of your vehicle, use the age-old 20/4/10 personal finance rule, suggests Bindisha Sarang.
Balance transfer is a facility in which you can transfer outstanding balance from one credit card to another. It works well if you have multiple cards.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
'There have been many cases where clients have indicated that they feel suicidal as they feel they have no other options to deal with their financial hardship.'
You can build your credit score and get tax benefit, but defaulting will make life difficult.
While the stress is lower than projections, it would be higher than what we saw last year because of the pandemic: Axis.
Rising property prices and the inflation hardly leaves sufficient amount after the payment of the EMIs.
Agriculture and allied activity loans are not eligible for the interest on interest waiver announced by the government last week, the finance ministry has clarified.
It makes sense to let your head do the leading when you buy a car. Especially, since it is a depreciating asset and won't give you any returns.
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
Central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members eligible for LTC fare. The second set of FAQ issued by the Department of Expenditure also clarified that an employee can claim reimbursement for the purchase of goods and services, attracting GST of 12 per cent or more, on or after October 12 even if he/she has not formally exercised the option of availing the scheme.
To minimise hardship for legal heirs, home loan borrowers must purchase additional insurance cover while taking a home loan.
Stop indulging in these before it derails your financial future
If tweets can do so much, why do we need an independent regulator and multiple committees discuss and recommend policy?
It's important you keep the following points in mind as you set out to have your name plate on the wall.
It makes sense to shift to a home loan provider offering a lower interest rate or make occasional prepayments by using bonuses or other windfalls, says Sanjay Kumar Singh.
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