Borrowers burdened with increasing EMIs because of increasing interest rates can now heave a sigh of relief.
The government, which has expedited rehabilitation efforts, said over 1.28 crore food packets have been distributed and an immediate relief amount of Rs 67.47 crore was disbursed among over 1.11 lakh families.
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.
Consider factors like time, risk profile, return requirements, expenses, liquidity needs, etc. Make sure to have insurance and opt for a term plan, says Amar Pandit.
'It reduces the immediate financial strain on your family and helps you take control of your finances without being dependent on your parents.'
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.
'Where will industry have funds when they open up?'
For high networth individuals, IRFs could be a good hedge against loans or existing fixed deposits.
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
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.
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
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.
Public sector insurance firm subsidiary LIC Housing Finance on Tuesday announced a reduction in interest rates for its existing home loan borrowers.
With people losing their jobs and finding it difficult to repay their loan obligations here's how you can cope with the crisis.
Opt for personal loans only to meet your essential needs which cannot wait.
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.
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.
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.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
Mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages you to talk about your problems and offers solutions.
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
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.
Understand the finer points before signing on the dotted line as a guarantor
Is your home loan lender charging you more interest on your home loan?
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
NBFCs are allowed to include registration, stamp duty
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
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.
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.
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.
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.
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.
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
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.
