With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak. As part of measures to alleviate hardships faced by people, the Reserve Bank of India, on March 27, announced a slew of steps, including a three-month moratorium on loan repayments.
A summary of Thursday's action in the Premier League.
IMAGES from the Premier League matches played on Saturday.
Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
Nokia has tied up with Citibank, HDFC Bank, Axis Bank, Standard Chartered, HSBC, ICICI Bank and SBI Cards for the EMI scheme and the offer will be available to consumers with credit cards from any of these banks.
Two Get Ahead readers tells you how to cope with your home loan EMI blues. They have done it and believe others can do it too.
It is important to know that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act empower the bank to take possession of the property that is mortgaged to them, to recover the loan outstanding from the borrower.
Now you can get 'cash back' for paying the monthly instalment on your home loan.
Your solution to rising home loan EMIs can help somebody who is facing a similar problem.
Given here is an example explaining how the repayment of your home loan EMI reduces your loan amount during the repayment period leading up to the end of the loan tenure.
How do you cope with a home loan EMI that's becoming unmamanageable due to various reasons? Can going for a personal loan to pay home loan installments a good idea?
EMI card is a unique installment concept, wherein you have the option of paying a fixed amount every month subject to the purchase limit you enjoy.
A round-up of Saturday's action in the English Premier League.
Under the new provision, an EPF subscriber being a member of a co-operative or housing society with at least 10 members can withdraw up to 90 per cent from the fund for purchase of a dwelling house or flat or construction of a dwelling house and acquisition of site.
In the last few years, zero per cent financing has become quite attractive as consumers aspire to buy the latest products, especially in categories such as mobile phones and television sets.
'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'
Missing your EMI payment means you have to pay a fine. You also have to make time from your busy schedule to meet the collection agent.
All your home loan queries answered by our expert Harsh Roongta.
Consumer durables retailers and manufacturers may end up bearing the cost of the Reserve Bank of India's (RBI's) tightening on easy personal loans, as their margins are expected to be impacted by higher borrowing costs. During the recently passed festival season, consumer durables companies started offering longer tenure loans, zero down payments, and zero interest on a wider assortment of products than ever before, making the products more affordable. While 18- and 24-month easy monthly instalment (EMI) options were available earlier, companies offered them only on select products; now, they are being extended to a larger section of products.
Despite rising borrowing costs and home loan EMIs, borrowers have some good options to keep their rising EMIs in check.
Home loan borrowers are facing a tough time. Interest rates have hit the roof and it has become difficult for them to manage their household expenses. If you are successfully coping with your EMI payments, share your story with us.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
Harshala Chandorkar of CIBIL offers tips on how to keep your finances intact and shop smart this festive season.
The central government is worried about the rising home loan burden on consumers. On August 23, it wrote a letter to public sector banks, which account for over 50 per cent of the home loan market, to give borrowers the option to increase the tenure of their loans and not raise the EMIs.
Home loan expert Harsh Roongta tells you how you can use your home loan to pay off your personal loan.
Argentina beat Ecuador 4-2 on penalties to move into the semi-finals of the Copa America on Thursday after goalkeeper Emi Martinez made two saves for the reigning champions in the shoot-out following a 1-1 draw in regulation time.
'Look not just at the interest rate but also the processing fee.'
Shares of Bajaj Finance sprinted 4.7 per cent to Rs 7,732 per share on the BSE in Thursday's (January 4) intra-day trade as the non-bank finance company's (NBFC's) December quarter business update reflected minimal impact of the Reserve Bank of India's ban on two of its lending products. The shares, eventually, ended 4.4 per cent higher at Rs 7,710 per share as against 0.69 per cent gain in the benchmark S&P BSE Sensex. The NBFC's asset under management (AUM) topped the Rs 3-trillion-mark at the end of December 2023, swelling by roughly Rs 20,700 crore (35 per cent year-on-year) to hit Rs 3.11 trillion-mark.
Are you worried about your home loan EMIs? Get Ahead reader Anil Mishra suggests three ways that may help you overcome your EMI blues.
EMI sharing is arrangement whereby the home loan taker does not have to pay the EMI for the home loan as soon as the home loan is sanctioned. The developer building the property will pay EMIs on behalf of the home loan taker up to a predefined period, which is typically the period up to the possession of the property.
Home loan expert Harsh Roongta discusses how to cope with rising EMIs as floating rates move up.
Delhi-based Shubham Chakraborty, 32, a management graduate from XLRI, Jamshedpur, tells us how he fought anxiety and stress due to poor workplace management.
Financial markets are under stress and require steps by the central bank for market stability and revival of economic growth, he said while announcing the decisions taken by the Monetary Policy Committee in Mumbai.
First-time director Saurabh Kadra talks about his film EMI, starring Sanjay Dutt and Urmila Matondkar.
The zero per cent EMI option helps the bank and the manufacturer more than the consumer. This is what the catch is!
The facility will be available at four of Future Group's Big Bazaar outlets in Mumbai. Cleartrip will soon extend this tie-up to other Big Bazaar outlets in the city as well as other metros.
IMAGES from the UEFA Champions League matches played on Wednesday
The answer needs to be answered after taking into account several factors and drawing a robust financial plan. Here are some starting points.
IMAGES from the Premier League matches played across England, on Sunday.
