To make the most of your vehicle, use the age-old 20/4/10 personal finance rule, suggests Bindisha Sarang.
Opt for balloon schemes if you are capable of paying a large instalment upfront
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The country's largest lender, SBI on Tuesday said it has cut savings rate by 25 basis points, or 0.25 per cent, to 2.75 per cent on all deposits. The new rate will come into effect from April 15, 2020.
When taking a loan, it is important to look at various factors, and not just the interest rate, says Tinesh Bhasin.
The extra tenor that you are eligible for will come in handy if the interest rate increases.
There will be an automatic reduction in interest rates of all floating rate loans anytime soon.
High-end brand experiments with EMIs via credit cards to push market share.
Over a five-year period, the benefit of a sharp drop in interest rates would mean saving Rs 76,880 -- a significant number. But if the rate cuts are slimmer, say 25 bps or the number of years left is barely one or two years, shifting may not make too much sense.
day after Finance Minister Nirmala Sitharaman announced a Rs 1 lakh crore spending package, a top government source said the Centre has not closed its options for another stimulus package.
Saurabh Chaudhary shot 16 in the gold medal contest to finish ahead of Germany's Michael Schwald (6).
Vodafone India on Thursday launched tariff plans wherein customers can get calls, SMSes and 3G data bundled with an iPhone starting at Rs 2,099 per month.
There was no relief for existing home buyers who are stuck in stalled projects and are paying both rent and EMI on their home loans.
You can build your credit score and get tax benefit, but defaulting will make life difficult.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
In India, younger workers willing to work at lower salaries are easily available, so you could find yourself out of a job before 60. Therefore, save for retirement with urgency, advises Sanjay Kumar Singh.
When does it make sense and when does it not?
While interest rates on home loans have come down by four per cent some existing borrowers end up paying fatter EMIs. Here's how you can change all this.
How will the RBI announcement on loan moratorium work for those with home loans, auto loans, personal loans, consumer durables loan? Here's what experts have to say.
A large percentage of total tourism business activity of India, which is estimated at $28 billion+ in forex and upwards of Rs 2 lakh crore in domestic tourism activity will be at economic risk through the year.
Central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members eligible for LTC fare. The second set of FAQ issued by the Department of Expenditure also clarified that an employee can claim reimbursement for the purchase of goods and services, attracting GST of 12 per cent or more, on or after October 12 even if he/she has not formally exercised the option of availing the scheme.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
The guild, which claims to represent around 1,100 of the 1,600 Jet pilots, had earlier warned to go on strike from April 1, unless their salary dues were cleared and clarity was provided on future payments by March 31.
If one is an existing borrower or looking for a loan, there's reason for cheer.
If you have availed a home loan from an NBFC, you can shift your existing home loan to a bank and benefit from the MCLR regime, suggests Ratan Choudhary, head - home loans, Paisabazaar.com.
'Are they assuming that by the end of May or the 15th of June, we will see the end of the pandemic?'
If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
With the airline's operations suspended, how are you navigating this crisis?
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
How well do you know your home loan. Take this quiz and find out.
India's central bank raised its policy interest rate for the second time in as many months on Tuesday, warning that inflation is likely to remain elevated for the rest of the fiscal year, and rolled back an emergency measure put in place to support the slumping rupee.
The bank also announced that it will reduce its external benchmark linked lending rate as well as repo linked lending rate by 40 basis points from July 1.
'We feel EMI holidays should pick up now.' How travel companies are trying to win customers after demonetisation.
Hemmed in by barricades and police and paramilitary swarming all over the place, the troubled Jahangirpuri on Friday showed signs of returning to normalcy, with the local peace committee calling for communal harmony and members of the warring communities embracing each other, agreeing to let bygones be bygones.
Follow these if you want to enjoy credit happiness and easy access to finance in the New Year by maintaining a healthy credit report and high credit score
In case the repo rate keeps trending downwards, borrowers can expect a downward revision of their MCLR-linked loans.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
Banks asked not to convert purchases into instalments; Cards not to be accepted for sale of gold coins.
