'Earlier I'd send money back home.' 'Now I've to take from them.' 'I'm completely heartbroken, scared for what the future holds.'
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
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.
Planning a suitable income source for post retirement years is very essential
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.
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
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.
The Indian Commercial Pilots Association decided not to resort to any industrial action as planned from May 10.
Get Ahead tax expert Mahesh Padmanabhan answers queries on tax exemptions and how to invest for the long term.
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.
Did your bank ever reject your loan application because you were reported falsely for having bad credit history? Tell us.
A new couple's financial situation changes from their bachelor days.
The actor has begun shooting for his first film after being released from jail.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
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.
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.
The actor has begun shooting for his film Easy Monthly Installment (EMI).
The indications are all there but it will still be a few days before banks start raising lending rates that affect your equated monthly instalments (EMI).
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.
Have a query regarding your home loan? Maybe we can help. Drop us a line and our expert, Harsh Roongta, will answer it.
Should you go for a salary structure with high basic component? Is there a flip side to it?
Eleven global music giants have sued Yahoo! China, owned by e-commerce giant Alibaba, over its alleged involvement in illegal downloading and playing copyrighted music.
Debt to income ratio is a financial ratio that tells you when you have borrowed more money than you can repay. It's a like a red signal that tells you to stop borrowing.
'The economy of Kashmir has collapsed.'
Before opting for a joint home loan with your parents or spouse you must first understand the implications of this loan.
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.
Studies have indicated that only one in four graduates from India's colleges are employable. This means till the time the quality of education improves, the other three will have to remain content with either door-door canvassing for savings accounts, or watching people's tea and toilet habits, or honing up their American accents in graveyard shifts.
Get Ahead Tax expert Mahesh Padmanabhan on short term and long term capital gain tax issues arising out of selling your old home and buying a new home.
It's unfair, isn't it? That good borrowers are not rewarded for their discipline and are forced to subsidise indisciplined borrowers who may pose higher credit risk...
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.
Do you think your bank is amortising your home loan correctly? You need to keep a check on this.
What do developers do when apartments aren't finished on time? Some pay back their clients as part of a penalty clause.
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A discount on the product may make a credit card loan seem cheaper than a consumer durable loan. But missing a payment in case of the former will mean exorbitant charges.
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.
'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.'
Have you always paid all your EMIs without defaulting? Or have you defaulted on your dues on a number of occasions? Is there any way by which you can get to know your credit rating?
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.
