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.
The Rs 20,000 crore is in addition to Rs 10,000 crore support announced earlier by the housing sector regulator NHB.
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.
Ashish Narsale/Rediff.com tells you what you must keep in mind.
'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.
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.
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.
Lenders can now initiate recovery proceedings since the SC has lifted the standstill on asset classification, which protected stressed accounts from slipping into NPAs.
'It has the potential to add half a trillion dollars to the economy over the next five years.'
With more and more youngsters preferring to shop online, the credit appetite has surged.
Start now, and sail through your tenure like a pro!
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
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
GST impact: Higher lease payouts may hit airlines, cab aggregators.
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.
In July 2013, RBI warned banks against sending unsolicited cards.
Are you a first-time home loan borrower? Here are a few tips that can help you feel at ease.
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.
Hemangi and Prashant Nakwe's vegetarian thaali business is keeping them busy in the lockdown.
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
Changing your home loan provider to save on interest could actually mean you are losing money. Here's how.
Indian economy was growing faster than the global average and all other major economies: FM
It is difficult for an NRI to get a loan in India, says personal finance expert Harsh Roongta.
The Centre informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were deferred during the moratorium period in view of the Covid-19 pandemic.
It makes sense to let your head do the leading when you buy a car. Especially, since it is a depreciating asset and won't give you any returns.
Housing loan customers may have to repay part of their borrowings or suffer very high EMIs, as there is a scurry among banks to avoid bad debts following successive interest rate hikes in the last six months.
A few important factors to keep in mind while applying for a home loan, and strategies to manage it, whatever your age.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
Banks offer to extend repayment tenures up to 25 yrs.
'The fact that you did not receive the rent through a bank will not take away the taxability of the rent in your hands.'
Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."
More interest hike shocks are to come with no signs of the rates having peaked up.
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
Harshala Chandorkar of CIBIL answered your credit score related queries in an online chat, February 3.
Here's how you can ensure you have enough in your kitty and be in command of your finances.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances