In such frauds customers get calls asking them to share their OTP in order to postpone their loan EMIs. Once the OTP is shared the amount is immediately siphoned away by fraudsters.
Home First Finance will be answering readers' home loan queries. Mail your queries to getahead@rediff.co.in with the subject line 'Home Loan Query' and we will have your queries answered by Home First Finance.
Neville said that within next week or two, Manchester United will have to "magic up a bit more money" or bring someone on loan.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Realtors' apex body CREDAI described the RBI decision to cut repo rate by 50 basis points as a bold step and said this will help boost sales of residential properties.
Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Nine players from treble-winning Paris St Germain have been nominated for the men's Ballon d'Or this year along with the club's coach Luis Enrique as France Football announced the list of nominees on Thursday.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'The rise in SIP contributions has created a pool of long-term MF assets that can be pledged for loans.'
Kunal Varma, CEO, Freo, explains what Hospicash and Day Care Insurance covers are and how they help manage financial and mental stress.
For hatchbacks and sedans, offers range between Rs 40,000 and Rs 80,000 while SUVs and multi-purpose vehicles carry benefits exceeding Rs 1 lakh.
Experts say the move will make matters worse for buyers, reports Karan Choudhury.
One thing you realize after seeing the title of the Netflix show, 'The Great Indian Kapil Show' that the word 'comedy' is missing from the title. In the language of mathematics: Kapil Sharma equals to Comedy. Kapil is synonymous with laughter and as a comedian when you watch him he makes you forget all your worries.
A silly plot, long and winding narrative and mediocre acting makes EMI a torture to sit through. The only silver lining in this debale is Sanjay Dutt.
While most borrowers calculate the gain they stand to make from switching to a lower interest rate, they often fail to take into account all the costs.
Don't opt for the moratorium unless critical, advises Charlie Lee, founder and CEO, True Balance.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
Rising inflation and stagnant wages are forcing a number of salaried professionals to venture into the bike taxi service as part-time riders.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
'I don't know how long cinema will survive.'
Under the scheme, customers can now make zero down payment, avail a six-month EMI holiday (only interest needs to be serviced monthly) and access up to 100 per cent on-road funding for a loan tenure of five years, Tata Motors said in a statement.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Mortgage lender HDFC Ltd on Friday hiked its lending rate by 50 basis points hours after the Reserve Bank raised the benchmark interest rate to tame inflation. The move would increase EMIs for housing loans by the firm. "HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 50 basis points, with effect from October 1, 2022," the country's biggest housing finance company said in a statement.
'Marginal rates will definitely affect the consumer's decision in entering a new transaction, but in reality, they don't affect much because banks/financial institutions have come up with step-up EMIs: 50% of home loans which exceed 15 years in India are prepaid, within 7-8 years.' 'This doesn't happen anywhere in the world.'
Borrowers should consider switching from an MCLR-linked to a repo rate-linked loan.
Tough times don't last, but tough people -- and smart financial strategies - do, says Ramalingam Kalirajan
The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases. The revision follows an off-cycle rate increase by the Reserve Bank earlier this month. The central bank hiked the repo rate -- at which it lends short term money to banks -- by 0.40 per cent to 4.40 per cent.
A fitter and faster Jyothi Yarraji admitted she was under stress to defend her 100m hurdles title, but focusing on timing rather than the medal helped her stay calm while clinching her second successive gold at the Asian Athletics Championships in Gumi, South Korea, on Thursday.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
You will lose out on discounts and have to pay a higher premium.
Beware: During the period that you avail of the moratorium, there would be no repayment of interest or principal. Thus, the outstanding will go up substantially for this period as a consequence
Gold rush: Yarraji, Sable, women's 4x400m relay finish on top to extend India's Asian C'ship dominance
In a note to customers, the country's largest lender State Bank of India said, 'Interest shall continue to accrue on the outstanding portion of the term Loan during the moratorium period'. The accrued interest will be collected by the lender in the form of additional EMIs from those borrowers who opt for the three-month moratorium.
Manchester City's Matheus Nunes scored deep in injury time to salvage a crucial 2-1 Premier League victory over Aston Villa on Tuesday in their breathless chase for a Champions League berth next season.
While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
