Since, most banks are unlikely to approve the amount, you could be sanctioned the desired loan on a higher tenure of may be 22 or 25 years. This would result in a lower instalment, which would not strain you monthly outgo.
Rashmi Bansal Returns to Rediff.com! The author of bestsellers like Stay Hungry Stay Foolish and Connect the Dots explains why MBAs should be looked upon as long-term investments.
'This is a blip in the 100-year history of cinema.'
A peek outside your airplane window as you land in any Indian metropolis is confirmation of the fact that 26 per cent of Mumbai and an astounding 60 per cent of New Delhi lives in slums or substandard housing.
Rediff reader Murali Krishnan Ambati, 47, from Bengaluru shares an interesting formula to save money.
Relationship problems? Let Love Guru help.
Those just starting their careers should avoid adding to their liabilities, especially if they already have an education loan. They should think hard before taking a car or home loan.
It's important you keep the following points in mind as you set out to have your name plate on the wall.
If you decide to go for a step-up loan, select fixed rate option instead of floating rate option, as it will let you control your EMIs. Besides avoid over-borrowing on this kind of a loan, to prevent financial problems later on.
Twenty-six immovable properties worth Rs 101.45 crore, and bank balance totalling Rs 2.28 crore in 22 accounts have been attached provisionally under the Prevention of Money Laundering Act (PMLA) by the Lucknow zonal office of the agency, they said. The Greater Noida-headquartered Bike Bot taxi service is accused of scamming about Rs 3,000-Rs 4,000 crore from 2.25 lakh investors in multiple states including Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.
A 43-year-old woman's SOS to UK Prime Minister Boris Johnson made the Indian embassy in London, the ministry of external affairs in New Delhi and the Delhi police swing into action and prevent her from killing herself.
While planning for retirement, the key is to let your money be idle, says Amar Pandit.
Those who have been handed the pink slip shouldn't make too many loan queries, advises Raj Khosla.
The FIR was lodged at the Sector 20 police station on Thursday after the complainant, a Noida resident, alleged that her Amazon Prime account got hacked and the problem remains unresolved despite assurance from Amazon boss Jeff Bezos, an official statement said.
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
The Rs 20,000 crore is in addition to Rs 10,000 crore support announced earlier by the housing sector regulator NHB.
'The assumed linear correlation between forced lower yields, higher bank borrowing from the RBI, higher lending, and higher growth involves leaps of faith, each a step on the quicksand of false beliefs,' warns Debashis Basu.
Ashish Narsale/Rediff.com tells you what you must keep in mind.
Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its 'India Real Estate - Residential and Office Update H2 2020' report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 154,534 units in 2020 across eight cities as compared with 245,861 units in the previous year.
With more and more youngsters preferring to shop online, the credit appetite has surged.
Having lost her job as a stage dancer for film award shows in the pandemic, Smita Soni learnt how to make organic bath and body products. Archana Masih/Rediff.com met her as she sold her handmade items from the boot of her car with baby on her hip.
Start now, and sail through your tenure like a pro!
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
You need not worry about the long tenure as you can prepay the amount that is around 3-4 times your EMI periodically like once a quarter or when your year end bonus comes through.
By consolidating borrowings, the total EMI burden and interest cost can be reduced.
Stop indulging in these before it derails your financial future
'It has the potential to add half a trillion dollars to the economy over the next five years.'
GST impact: Higher lease payouts may hit airlines, cab aggregators.
Are you a first-time home loan borrower? Here are a few tips that can help you feel at ease.
In July 2013, RBI warned banks against sending unsolicited cards.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
One of the reasons Dutt wants to go ahead and shoot for EMI is because of his bearded look. As for the other films, he just need to trim his beard for a different look.
Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18.
Changing your home loan provider to save on interest could actually mean you are losing money. Here's how.
The housing stock demand may increase further
Although growth picked up slightly across the world's main emerging markets on an average, rates of expansion remain subdued
ICICI Bank is offering the salaried having an account with it, credit from Rs 500,000 going up to Rs 1 crore against property owned by them
It is difficult for an NRI to get a loan in India, says personal finance expert Harsh Roongta.
