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.
Understand the finer points before signing on the dotted line as a guarantor
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.
NBFCs are allowed to include registration, stamp duty
Is your home loan lender charging you more interest on your home loan?
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
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
How about some facility that would give you the best of both worlds, the liquidity of a savings account and the interest rate of a fixed deposit? Auto-sweep facility does exactly this.
Loan insurance is a concept catching up in India. Most people taking a loan are not aware about what they would do in case they are unable to make the monthly payments towards the loan.
Rated as one of the best real estate destinations by a number of agencies, Pune's realty market is fast losing its charm as developers are being forced to construct low-end schemes to increase sales. While more than 260 real estate developers are willing to pay three EMIs of home loans taken by their clients and some have offered to rent apartments to future clients, Pune's top developer Goel Ganga group has launched four low-end affordable housing projects in the city.
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
Munnabhai is back with his 'Gandhigiri' but this time he is in a fresh avatar of 'Sattarbhai' for the upcoming film EMI. Sattarbhai, played by Sanjay Dutt in the film, is a loan recovery agent who works for various banks and other multinationals.
'The economy of Kashmir has collapsed.'
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
The Indian Commercial Pilots Association decided not to resort to any industrial action as planned from May 10.
Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
The real estate subvention scheme or 80-20 home buying plan, recently banned by the Reserve Bank of India, is now being replaced by other offers to attract buyers.
The wise pay their taxes on time and plan for it before time. That does not mean one has to necessarily go through the big fat books on taxes! Knowing a couple of hacks for saving tax can have it sorted for you.
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.
'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.'
Planning a suitable income source for post retirement years is very essential
What should you do in such a situation? Here are a few things that every home loan borrower must remember now that home loan rates are expected to increase further.
As part of the IBA package, housing loans up to Rs 500,000 and between Rs 500,000 and Rs 20 lakhs would attract a maximum interest rate of 8.5 per cent and 9.25 per cent, respectively, for the first five years. To a question on possible increase in disbursal of home loans after implementation of the package, he said the numbers could be gauged in a fortnight.
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.
Get Ahead tax expert Mahesh Padmanabhan answers queries on tax exemptions and how to invest for the long term.
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.
A new couple's financial situation changes from their bachelor days.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
As far as the Indian households are concerned, although the leverage ratio in this basket has multiplied nearly 3 times in the past decade, it is still well below not just developed but also most other developing economies.
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.
Did your bank ever reject your loan application because you were reported falsely for having bad credit history? Tell us.
The actor has begun shooting for his first film after being released from jail.
Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness.
A dream home can be closer to reality if you live a financially disciplined life. All that it takes is to make smart moves at the right time in your life and career.
Consolidated debt fund is the answer for you if you are burdened with a whole lot of loan repayments from home loan EMIs to vehicle loans to credit card debt.
Financial planning expert Vetapalem Sridhar, hosted a chat with GA readers on July 30 to discuss inflation, investment options and more. For those of you who missed the chat, here's the unedited transcript.
