Reduced EMIs may be very appealing to borrowers because of a lesser burden on a monthly basis, but there is a catch to it. If the tenure remains unchanged, there is a higher interest outgo.
Personal accident cover should be purchased by everyone, irrespective of age, occupation or health condition, as one does not know when an accident could occur, causing hardship to the family.
The 28-year-old's body was flown back to Argentina and arrived in Buenos Aires on Friday morning before being driven the 538 km (334 miles) to Progreso, where he grew up.
To minimise hardship for legal heirs, home loan borrowers must purchase additional insurance cover while taking a home loan.
Before taking the plunge and being a co-applicant, make sure that you are aware of the rights and responsibilities that come with it!
The Reserve Bank of India's latest data indicate that spending per card is rising steadily - something that consumers should worry about
Lionel Messi, so often the key man for Argentina, paid tribute to Martinez.
Experts say this is a good time to buy a house for self-use, points out Sanjay Kumar Singh.
The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal cost of lending rates, as per a report. Stating that lenders and borrowers will face volatile times with the Reserve Bank raising the repo rate by 40 bps to 4.40 per cent and the cash reserve ratio (CRR) by 50 bps on May 4 in an off-cycle policy move, India Ratings said the market rates had already been moving higher before the move. The 364-day T-bills have moved up 120 bps and 10-year G-sec by 140 bps since May 2020, when the repo rate was cut to a record 4 per cent, which led to an expectation of a faster and sharper rise in interest rates in the system but the central bank stayed the course to support the fragile economy battered by the pandemic.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
Interest rate and tenure are not the only two factors to consider.
The economy is struggling and companies may soon be forced to cut salaries or let people go. What are your plans for the dark days ahead?
Opt for balloon schemes if you are capable of paying a large instalment upfront
To make the most of your vehicle, use the age-old 20/4/10 personal finance rule, suggests Bindisha Sarang.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The extra tenor that you are eligible for will come in handy if the interest rate increases.
When taking a loan, it is important to look at various factors, and not just the interest rate, says Tinesh Bhasin.
There will be an automatic reduction in interest rates of all floating rate loans anytime soon.
High-end brand experiments with EMIs via credit cards to push market share.
The country's largest lender, SBI on Tuesday said it has cut savings rate by 25 basis points, or 0.25 per cent, to 2.75 per cent on all deposits. The new rate will come into effect from April 15, 2020.
Over a five-year period, the benefit of a sharp drop in interest rates would mean saving Rs 76,880 -- a significant number. But if the rate cuts are slimmer, say 25 bps or the number of years left is barely one or two years, shifting may not make too much sense.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Vodafone India on Thursday launched tariff plans wherein customers can get calls, SMSes and 3G data bundled with an iPhone starting at Rs 2,099 per month.
day after Finance Minister Nirmala Sitharaman announced a Rs 1 lakh crore spending package, a top government source said the Centre has not closed its options for another stimulus package.
While interest rates on home loans have come down by four per cent some existing borrowers end up paying fatter EMIs. Here's how you can change all this.
When does it make sense and when does it not?
You can build your credit score and get tax benefit, but defaulting will make life difficult.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
Saurabh Chaudhary shot 16 in the gold medal contest to finish ahead of Germany's Michael Schwald (6).
How will the RBI announcement on loan moratorium work for those with home loans, auto loans, personal loans, consumer durables loan? Here's what experts have to say.
In India, younger workers willing to work at lower salaries are easily available, so you could find yourself out of a job before 60. Therefore, save for retirement with urgency, advises Sanjay Kumar Singh.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
Central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members eligible for LTC fare. The second set of FAQ issued by the Department of Expenditure also clarified that an employee can claim reimbursement for the purchase of goods and services, attracting GST of 12 per cent or more, on or after October 12 even if he/she has not formally exercised the option of availing the scheme.
If one is an existing borrower or looking for a loan, there's reason for cheer.
The guild, which claims to represent around 1,100 of the 1,600 Jet pilots, had earlier warned to go on strike from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
