For home loans up to Rs 30 lakhs (Rs 3 million) for 20 and 25 year period, the interest rate has been increased by 0.5 per cent to 11 per cent against 10.5 per cent, SBI said. Equated Monthly Instalment for 25 years would go up from Rs 945 to Rs 980 per lakh while for 20 years EMI would go up by Rs 35 to Rs 1,035. Housing loan with maturity between 10 and 15 years has gone up to 10.75 per cent. EMIs under these maturities would go up as much as by Rs 35.
Indian Airlines has launched an EMI scheme in association with Citibank to target the vacation travellers and the growing segment of credit card holders who prefer to use the deferred payment schemes to purchase goods and services.
A six-point checklist to follow when lenders reject your home loan application.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
Go make a beautiful home but spend smartly and wisely!
Each partner should discuss retirement accounts, property owned prior to marriage.
A top-up loan could come to your rescue in an emergency. Here's why
You can always prepay the loan and/or switch to another financier
For most of us, it is the biggest dream to own a house. As there is a feeling of pride attached to it, it becomes more of an emotional call than a financial call.
It is suggested that you get your SIM locked with which the wallet account is mapped.
In an online chat with Get Ahead readers July 8, financial expert Anil Rego answered their queries on education loan. Here is the chat transcript
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
This relaxation is available to entities running working capital accounts with any bank with the sanctioned limit of Rs 1 crore or less
Ribbon fails to leave an impact, feels Urvi Parikh.
Here, we have evaluated how home loan seekers can enhance their eligibility by selecting a higher tenure.
Anita tells us how much she earns, where the money goes and what she is saving for.
'I feel lucky that I am in a position where I have the right to choose. I am not working because I have to pay an EMI. In small towns, people still call me Jassi. I don't mind because I am not here to break that image.' Frank talk with Mona Singh.
Collateralisation of other loans and prior approval for additional leverage are things to watch out for
The rate cut would mean actual gains for vehicle buyers only when banks pass on benefits.
RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1
