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.
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.
A round-up of Tuesday's action in the Premier League.
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.
'Can we give young India the tools to solve the problems the country or society faces and uplift the community?'
All your home loan queries answered by our expert Harsh Roongta.
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.
Despite rising borrowing costs and home loan EMIs, borrowers have some good options to keep their rising EMIs in check.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Home loan expert Harsh Roongta tells you how you can use your home loan to pay off your personal loan.
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.
Harshala Chandorkar of CIBIL offers tips on how to keep your finances intact and shop smart this festive season.
'We created loads of chances in our seven (Premier League) games but we have to step up.'
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).
Are you worried about your home loan EMIs? Get Ahead reader Anil Mishra suggests three ways that may help you overcome your EMI blues.
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.
When you are under social, peer, parental, sibling, marital pressure to buy a house direct them to this article, says P V Subramanyam
Home loan expert Harsh Roongta discusses how to cope with rising EMIs as floating rates move up.
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.
Your awareness about the effect of the home loan tenure and EMI on your loan empowers you to take better decisions, explains Gaurav Mohta.
Only borrow an amount that can be repaid comfortably. The ratio of total EMI to take-home salary should not exceed 40 per cent.
'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.'
First-time director Saurabh Kadra talks about his film EMI, starring Sanjay Dutt and Urmila Matondkar.
rediffGURU Sunil Lala answers your personal finance-related queries.
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.
The zero per cent EMI option helps the bank and the manufacturer more than the consumer. This is what the catch is!
'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.'
From the Sensex basket, Larsen & Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.
Beyond the handball incident, the Belgian champions were the better side on the night. Villa's World Cup-winning keeper Martinez was pressed into action early by Brugge, who had seven shots on target to the Premier League club's one, and made several key saves to keep his team in the game.
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.
The answer needs to be answered after taking into account several factors and drawing a robust financial plan. Here are some starting points.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
Home loan expert Harsh Roongta suggests ways to cope with rising home loan EMIs.
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
Pune-based Dreamers Media and Advertising, an out-of-home (OOH) advertising company, is offering to share EMIs of car owners in return for using their vehicles as moving billboards.
With home loan rates headed north, experts advise how borrowers should cope with their rising liabilities.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
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.
Dinamo Zagreb and Celtic played out a lifeless 0-0 draw in the Champions League on Tuesday, with Celtic keeper Kasper Schmeichel producing the match's memorable moment with a late save.
