The central government is worried about the rising home loan burden on consumers. On August 23, it wrote a letter to public sector banks, which account for over 50 per cent of the home loan market, to give borrowers the option to increase the tenure of their loans and not raise the EMIs.
Harshala Chandorkar of CIBIL offers tips on how to keep your finances intact and shop smart this festive season.
Dinamo Zagreb and Celtic played out a lifeless 0-0 draw in the Champions League on Tuesday, with Celtic keeper Kasper Schmeichel producing the match's memorable moment with a late save.
Are you worried about your home loan EMIs? Get Ahead reader Anil Mishra suggests three ways that may help you overcome your EMI blues.
Home loan expert Harsh Roongta discusses how to cope with rising EMIs as floating rates move up.
EMI sharing is arrangement whereby the home loan taker does not have to pay the EMI for the home loan as soon as the home loan is sanctioned. The developer building the property will pay EMIs on behalf of the home loan taker up to a predefined period, which is typically the period up to the possession of the property.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Financial markets are under stress and require steps by the central bank for market stability and revival of economic growth, he said while announcing the decisions taken by the Monetary Policy Committee in Mumbai.
First-time director Saurabh Kadra talks about his film EMI, starring Sanjay Dutt and Urmila Matondkar.
'Accidents are unpredictable, whether it's a mishap during Diwali, a fracture during travel, or a fall in the bathroom.'
In September, JSW MG Motor India, the newly minted joint venture between SAIC Motor, which is present in 100 countries, and Indian conglomerate JSW Group, launched the Windsor, an electric car that introduced battery as a service (BaaS).
The facility will be available at four of Future Group's Big Bazaar outlets in Mumbai. Cleartrip will soon extend this tie-up to other Big Bazaar outlets in the city as well as other metros.
The zero per cent EMI option helps the bank and the manufacturer more than the consumer. This is what the catch is!
Consumer durables retailers and manufacturers may end up bearing the cost of the Reserve Bank of India's (RBI's) tightening on easy personal loans, as their margins are expected to be impacted by higher borrowing costs. During the recently passed festival season, consumer durables companies started offering longer tenure loans, zero down payments, and zero interest on a wider assortment of products than ever before, making the products more affordable. While 18- and 24-month easy monthly instalment (EMI) options were available earlier, companies offered them only on select products; now, they are being extended to a larger section of products.
The answer needs to be answered after taking into account several factors and drawing a robust financial plan. Here are some starting points.
Home loan expert Harsh Roongta suggests ways to cope with rising home loan EMIs.
A summary of Thursday's action in the Premier League.
IMAGES from the Premier League matches played on Saturday.
'Look not just at the interest rate but also the processing fee.'
A round-up of Saturday's action in the English Premier League.
The fourth consecutive rate cut is expected to lower equated monthly instalments (EMIs) for home and auto buyers, and borrowing cost for corporate.
Pune-based Dreamers Media and Advertising, an out-of-home (OOH) advertising company, is offering to share EMIs of car owners in return for using their vehicles as moving billboards.
With home loan rates headed north, experts advise how borrowers should cope with their rising liabilities.
'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'
Shares of Bajaj Finance sprinted 4.7 per cent to Rs 7,732 per share on the BSE in Thursday's (January 4) intra-day trade as the non-bank finance company's (NBFC's) December quarter business update reflected minimal impact of the Reserve Bank of India's ban on two of its lending products. The shares, eventually, ended 4.4 per cent higher at Rs 7,710 per share as against 0.69 per cent gain in the benchmark S&P BSE Sensex. The NBFC's asset under management (AUM) topped the Rs 3-trillion-mark at the end of December 2023, swelling by roughly Rs 20,700 crore (35 per cent year-on-year) to hit Rs 3.11 trillion-mark.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
Argentina beat Ecuador 4-2 on penalties to move into the semi-finals of the Copa America on Thursday after goalkeeper Emi Martinez made two saves for the reigning champions in the shoot-out following a 1-1 draw in regulation time.
Top four consequences for you to keep in mind before you miss a mortgage payment
RBI rate cut is a welcome step for all citizens of India as everyone is looking for near-term boost in economy.
Vodafone, which is offering the iconic Apple iPhone in India along with Airtel, has tied up with Axis Bank and Barclays to offer the phone on six or 12 equated monthly installments (EMIs) for customers who may find the Rs 31,000 to Rs 36,000 price tag too steep.
SKODA introduced a 'Holiday Offer' whereby a customer can buy the car and pay EMI a year after the purchase.
Housing finance major HDFC and state-run Punjab National Bank on Tuesday announced up to 25 basis points increase in their lending interest rates, making their new and old loans expensive for consumers. The revised rates would be effective from March 1. Mortgage lender HDFC has increased its retail prime lending rate by 25 basis points to a minimum of 9.20 per cent.
Reserve Bank Governor Raghuram Rajan on Tuesday again surprised the markets and raised the key policy rate by 0.25 per cent to 8 per cent in a bid to curb inflation, a move that may translate into higher EMIs and push up the cost of borrowing for corporates.
Delhi-based Shubham Chakraborty, 32, a management graduate from XLRI, Jamshedpur, tells us how he fought anxiety and stress due to poor workplace management.
A lowdown on the strings attached to such credit card schemes and when you should and should not opt for them.
ICICI Bank, India's second biggest bank, has offered to lower the equated monthly installments for a large number of its borrowers by enhancing the tenure of their home loans.
Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S&P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.
The offer will be valid on Galaxy Note 2, Galaxy S3, Galaxy Grand, Galaxy Tab2 as well as Galaxy Camera.
