If you have recently been laid off or are worried that your neck may be in the line, it is natural to be worried about your finances. But worrying, as you know, will not get you anywhere. Here are some tips about what you can do to keep the boat from rocking and keep your CIBIL score intact while doing so.
To overcome your fear of the property being taken over, draw an ironclad agreement with a good lawyer's help, recommends Sanjay Kumar Singh.
In an affidavit filed by Union finance ministry on behalf of the Union of India, it said that the relief to all borrowers in respect of compounding of interest during the period of moratorium would be admissible to the categories specified irrespective of whether the borrowers had availed the moratorium or not.
Making an informed choice will help you save money and some hassles too.
Card-based EMI transactions dropped about 60 per cent in the first week after demonetisation and then recovered steadily. However, these are not yet back to the levels before November 8.
It is suggested that you get your SIM locked with which the wallet account is mapped.
Correct your friends the next time they try to scare you; offer them tips on how they can improve their credit scores if they are poor borrowers
Only those who opted for hybrid loans in the past couple of years will remain unaffected.
Pay EMI for the entire sum, even if it is disbursed in tranches.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
'Are they assuming that by the end of May or the 15th of June, we will see the end of the pandemic?'
You need to especially focus on the clauses that affect the cash flows, such as interest rate and pre-payment charges.
The ATMs are fully up now and customers can withdraw up to Rs 50,000 from Yes Bank as well as from other banks' ATMs.
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
The ex-Marine is on a mission to capture the Indian market for heavyweight bikes.
Home buyers should look at smarter options before taking a loan.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
'The digital trust level has drastically gone up due to Covid, not only in tier-I and II cities, but also in tier-III, IV and V geographies,'
This relaxation is available to entities running working capital accounts with any bank with the sanctioned limit of Rs 1 crore or less
Borrowers burdened with increasing EMIs because of increasing interest rates can now heave a sigh of relief.
Important points to remember while going for a car loan and while prepaying the borrowed money to the lender.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
Let not the smartness be confined only to your phone... Transfer it to borrowing too! Here's how
Besides being young, one might also have to be a professional or self-employed.
Home loan expert Harsh Roongta answers readers' home loan queries.
Business leaders, among others, ask govt to let go of fiscal target, seek stimulus, and direct cash transfer.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Understand the finer points before signing on the dotted line as a guarantor
Every financial plan needs to be tweaked periodically.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
There is no overnight solution and it requires plenty of patience and discipline to set it right
Here's what borrowers must pay attention to before going for such medical loans.
Have a query regarding your home loan? Maybe we can help. Drop us a line and our expert, Harsh Roongta, will answer it.
The Supreme Court asked the Centre and the RBI on Monday to place on record the K V Kamath committee recommendations on debt restructuring in view of Covid-19 related stress on various sectors as well as the notifications and circulars issued so far on loan moratorium.
The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other options.
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