When you find that you are in a situation where you will not be able to meet your loan obligations, running away from the lender is the last thing you should do.
Former prime minister P V Narasimha Rao was keen on building a Ram Mandir at Ayodhya, but his attempt derailed after losing the elections, a senior aide has claimed.
The teaser home loan rate, the interest rate which is set artificially low for the initial period, could give a 'payment shock' to borrowers as the equated monthly installment (EMI) shot up on lenders charging regular interest rates, according to Fitch officials.
Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users while the latter may want the entire GST cut to be given to them.
There may be huge discounts and easy EMI options on your favourite expensive smartphone, but do not swipe your credit card left, right and centre, warns Rajiv Raj
Borrowers burdened with increasing EMIs because of increasing interest rates can now heave a sigh of relief.
Mind/life coach, NLP trainer and Mental Health Guru Anu Krishna answers readers' queries and guides them to take control of their life.
The young are most vulnerable to self-harm and suicidal ideas at this time.
The government has appointed Spanish speciality consultancy firm, Mercados Energy Markets International, to examine possibility of a uniform domestic price of natural gas, which is now sold at rates ranging from $1 to $5.73 per mmBtu depending on source.
'My biggest fear is if I get infected will I get admission in a good hospital and how much money will the hospital charge for my treatment.'
'The economy of Kashmir has collapsed.'
Every borrower should go beyond this basic check list and find out if any of the different flexible repayment options would suit his needs. But why should you do this in the first place? And what are the types of flexible repayment options available today? Let's find out.
The biggest advantage is that choosing the right flexible repayment option would reduce your EMI load.
Always be clear about the clauses and conditions laid down by your bank or housing finance company. If at all you skip this task then you may face a major problem during the entire tenure of your loan or may be even beyond that.
For high networth individuals, IRFs could be a good hedge against loans or existing fixed deposits.
The corporate health policy ceases under following circumstances: The company winds up; you resign or you are terminated from the company; you retire from the services at the age of 60; the company decides to withdraw the health policy benefit to employees, i.e. there is no law that the company should provide health policy to employee; most corporate policies also have restrictive covers.
Concern is growing among healthcare experts who believe that if people do not follow the lockdown or social distancing seriously, the situation can quickly go out of control.
Public sector banks charge 1 to 1.5 percent as prepayment penalty on the outstanding loan amount and in the case of private banks it is between 2 and 4 percent.
Understand the finer points before signing on the dotted line as a guarantor
Opt for personal loans only to meet your essential needs which cannot wait.
Public sector insurance firm subsidiary LIC Housing Finance on Tuesday announced a reduction in interest rates for its existing home loan borrowers.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
Instead of prepaying your home loan before the term ends it's better to invest the amount you would save on prepaying the loan and earn good returns on investing the same.
With people losing their jobs and finding it difficult to repay their loan obligations here's how you can cope with the crisis.
Home loan expert Harsh Roongta answers readers' home loan queries.
The government on Thursday announced a 5 per cent increase in the dearness allowance for the central government employees and pensioners, with effect from July this year, entailing an outgo of about Rs 2,904 crore (Rs 29.04 billion) this fiscal.
Rediff.com's Syed Firdaus Ashraf and Hitesh Harisinghani speak to millennials to find out if the ease of ride-sharing apps like Ola and Uber was a reason for them not buying a car.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
NBFCs are allowed to include registration, stamp duty
For a borrower, who has serviced his loan without missing any repayment, the banks will be willing to take over the loan, give a top-up, and would offer lower interest rates, says Tinesh Bhasin.
Here's what you must know and what you must do before switching your home loan amount from one bank to another.
Is your lender not reducing interest rate on your floating rate home loans? Here's what you must do.
A budget is nothing but a tool to keep your spending under control and ensure that the monthly expenses are lower than your monthly income. Here are some tips on how you can make your budget work
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The Indian Commercial Pilots Association decided not to resort to any industrial action as planned from May 10.
Is your home loan lender charging you more interest on your home loan?
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
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