Reach fifth round for first time in 10 years
New borrowers will benefit if banks cut their MCLR. Older borrowers' EMIs will change only when their reset date arrives
Abhishek Agarwal takes a controversial view on how our dreams are being mortgaged by EMIs we keep paying month after month.
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
Whenever you take a loan, you have to pay interest on the borrowed amount. This interest is an expense. Higher the interest rate, higher the amount you pay towards interest. So you end up paying more towards the loan, thus making the purchase costly. Hence it is essential for you to reduce the amount you pay towards your EMI.
rediffGURU T S Khurana answers readers' personal income tax queries.
EMI Music India has entered into a licensing agreement with Warner Music India to market and distribute Warner repertoire in the country.
Keep in mind interest rate, tenure and additional charges if you exceed credit card limit
The actor returns to what he does best: act as a bhai.
A round-up of Tuesday's action in the Premier League.
With ICICI Bank recently offering to reduce the equated monthly instalments of existing customers for high tenure loans, many may like to exercise this option because it would reduce their burden for the time being. Also, with the rise in the interest rates in the last couple of years, many have found their monthly EMIs rising by over 15 per cent.
Issuers allow you to convert your credit card purchases to EMIs, but it comes with strings attached.
Get Ahead reader Sunil Agarwal tells you how a a low EMI can reduce your stress levels.
In the current scenario of rising interest rates, it is vital that you understand important elements in the loan-taking process.
Even if you get a bit late in buying things you need, it is always better to avoid debt traps, advises Vishwajeet parashar
'Can we give young India the tools to solve the problems the country or society faces and uplift the community?'
ICICI Bank, the country's largest private sector lender, has introduced an equated monthly instalment (EMI) option for its customers on debit card purchases.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Your EMIs may help you to reduce your tax liability... Here's how
Before opting for the right loan, it is important to understand the most integral part of any loan, and that is, its equated monthly installment.
Under the agreement, customers who purchase merchandise worth a certain minimum amount from Levi's stores using the credit card of partner banks, can convert the transaction to an EMI scheme, a press release said.
Of course, NO! You must think of EMI option if and only if one is on the verge of defaulting on a payment.
The company did not respond to specific queries on the project's expansion.
Though manufacturers advertise it as a 'zero processing fee' offer, credit card companies may still levy charges making the phone expensive by over eight per cent.
'We created loads of chances in our seven (Premier League) games but we have to step up.'
Are you facing problems with housing loans? If you are a first time home loan borrower, here's how you can save some money on your home loan.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
In the last couple of years, interest rates have been rising consistently. Home loan borrowers -- both existing and potential -- are a baffled lot because of the sheer speed of the escalation.
India's smartphone market grew by three per cent year-on-year (Y-o-Y) in volume in the third quarter (Q3) of calendar year 2024, while its value surged by 12 per cent Y-o-Y to reach an all-time record for a single quarter, according to a report by research firm Counterpoint. The value growth was driven by an ongoing premiumisation trend, while the increase in volume was driven by an earlier onset of the festival season compared to the previous year.
Also build a contingency fund equal to 9 to 12 months of expenses.
Stepping up the competition in the electric vehicle (EV) market, JSW MG Motor on Wednesday launched its electric crossover sport utility vehicle (SUV) Windsor with a new and 'aggressive' pricing model, an assured buyback plan, a lifetime battery warranty, and free public charging for one year. Under this new battery-as-a-service (BaaS) pricing model, customers can purchase the Windsor at a starting price of Rs 9.99 lakh (ex-showroom) and then pay a battery usage fee of Rs 3.5 per kilometre (km).
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
iPhone sales jumped from about 70,000-80,000 units a month to about 400,000 units after the schemes were rolled out.
RBI might further cut rates by 50-75 basis points later.
We asked you, dear readers to share your best tips on saving money. Irish Verma shares these tips.
