Home loan protection insurance is the perfect tool to protect your family against home loan liability and subsequent default.
Private sector lender Axis Bank has launched a home loan product for households earning as low as Rs 8,000 a month, targeting disbursals of up to Rs 1,000 crore (Rs 10 billion) in a year's time, a senior bank official said.
The story of Bihar's educational reform is a lesson for all reforms done halfway.
'When the BJP wanted the election to focus on 'ghuspathiya' and promises that look like pies in the sky, we forced them to talk about jobs, giving free 125 units of power, and addressing women's indebtedness.'
Some bankers are of the view the move will also help lenders meet their priority sector commitments as a large part of their housing loan portfolios comprise of loans under Rs 25 lakhs.
The doctor, hailing from Beed district and posted at a government hospital, was found hanging in a hotel room in Phaltan of Satara district on Thursday night.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
While most households take a long-term loan, they are keen to de-leverage and pay off the loan before the completion of the term.
ICICI Bank is planning to increase its home loan rates by 50 basis points "anytime before the end of the current fiscal".
HDFC has joined the interest rate war on housing loans by slashing both variable and fixed rates by 0.5 to 0.75 per cent for individual loans with effect from February 5.\n\n
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
'I'm looking at it as a chance to play international football, to represent India, and to hopefully inspire other players with a similar background to me, to show them that they can come to India and do the same thing.'
Happy days are here again for home buyers as the bank freezes the rate for a year.
Voters are weighing a stark trade-off -- between preserving a socially driven policy and reversing course to revive revenue, restore fiscal balance, and rein in the underground liquor economy.
Housing finance major HDFC on Thursday lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans.
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Predicting interest rate cycles can be difficult when the economy is not in ship shape. In such a situation, opting for a hybrid loan may be the perfect solution to help you enjoy the benefits of fixed and floating interest rate.
You can always prepay the loan and/or switch to another financier
The GenZ violence that engulfed Nepal is not only against nepo-babies -- its anger is broader and riddled with contradictions, making it difficult for interim PM Sushila Karki, points out Aditi Phadnis.
The new rates will be effective from May 9.
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
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.
The Lookout Circular was issued by the city police's economic offences wing as the couple makes frequent international trips
Smriti Irani, known for her work as both an actress and a politician, recently spoke honestly about the struggles she faced in her early television career. In a chat with Raj Shamani on his podcast, she shared emotional and challenging moments from her time on the popular show Kyunki Saas Bhi Kabhi Bahu Thi and the talk show Kuch Dil Se.
The couple last month filed a petition in HC seeking suspension of the Look Out Circular (LOC) issued against them by police in the case, so that they can travel for their professional commitments and leisure trips abroad.
Home loans: Take a mix of fixed and floating rates, if your risk appetite is low.
The bank has targeted to disburse an additional Rs 500 crore (Rs 5 billion) of home loans by April end with the introduction of the new scheme, a statement said in Mumbai on Thursday. Lending rates for loans between Rs 500,000 and Rs 20 lakhs would now be offered at eight per cent as against 9.25 per cent earlier, the bank said.
Banks typically fund about 70 per cent to 80 per cent of the cost of a property
HFCs and banks expect a drop in demand for housing loans in the short-term.
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.
With the rise in elderly population and increasing interest around the segment by developers, the senior living industry is poised to reach a market size of $8 billion by 2030 from the current $1.8 to $2 billion, according to a report by Association of Senior Living in India (ASLI) and JLL.
Two teenage male friends, one of them a minor, have allegedly been stripped and forced to indulge in unnatural sex by some persons over non-payment of money in Mumbai, police said on Tuesday.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Go for a fixed rate," your banker is likely to insist if you enquire about a home loan. But floating is what makes sense at present
Realtors' apex body CREDAI described the RBI decision to cut repo rate by 50 basis points as a bold step and said this will help boost sales of residential properties.
'The brand, the team, and the people have to make the transition from playing league matches to Test matches.'
The Punjab National bank on Friday announced 0.25 per cent cut on interest rates for home and car loans, effective from Saturday, September 23.\n
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