Even with its flaws, Toh, Ti Ani Fuji stays with you because of how real it feels, notes Mayur Sanap.
In the rush to complete tax-saving investments at the end of the financial year, many taxpayers choose instruments that do not match their long-term financial goals.
HDFC Bank's leadership addresses the sudden resignation of its chairman, citing ethical concerns, and attempts to reassure stakeholders about the bank's governance and future stability.
From the best possible time to apply for a loan to the strategies you should use to get a home loan, here are some must-know tips.
Why various loans are disbursed differently...
The Income Tax Act, 1961 provides tax benefits for assessees that have home loans. Typically a home loan is repaid to the bank/lender in monthly installments.
Use these loans to meet emergency needs, and not to fund holidays or luxury purchases.
Talking about home loan rates, there is good news for borrowers.
The recently changed State Bank of India's (SBI's) formula to calculate home loan rates has stumped many.
State Bank of India on Friday launched an initiative to provide doorstep services and expedite home loans application process.
West Asia conflict triggers sharp sell-off in Indian markets, with realty, banking and auto stocks leading losses amid energy shock fears.
Amid concerns expressed by the Reserve Bank of India, the country's largest lender State Bank of India on Wednesday announced withdrawal of special home loan schemes, or teaser rates, with effect from May 1.
Terming the home loans package of PSU banks highly inadequate, Assocham President Sajjan Jindal demanded that the government peg the interest rate on housing loans up to Rs 30 lakh at 6% and at 8.5% for loans above this amount.
Most plans offer a sum assured that reduces as your outstanding home loan comes down every year.
The interest rate being charged on a loan is reasonable given the market situation, says personal finance expert Harsh roongta. However, if one has surplus money, one should consider prepayment.
Ravindra Metkar, a farmer from Maharashtra who built a successful poultry business from humble beginnings, has been invited to speak at the University of Oxford's Global Research Conference.
Have a query regarding your home loan? Maybe we can help. Drop us a line and our expert, Harsh Roongta, will answer it.
An Indian-origin county judge in Texas, K P George, has been convicted of money laundering for misusing campaign funds, potentially leading to his removal from office.
Home loans for amounts upto Rs 30 lakh may become cheaper. That's because the Reserve Bank of India (RBI) has reduced the risk weight -the amount of capital set aside for a loan--on home loans above Rs 20 lakh and upto Rs 30 lakhs to 50 per cent from 100 per cent earlier." Banks may want to pass on the benefit to customers in the form of lower interest rates.
The scheme, known as the 'Power Advantage Home Loan' scheme, will allow customers to lock in their home loan rate at 8.25 per cent for the first two years of the tenure followed by a floating rate.
The banking regulator, RBI, has come out with suggestions that would bring down the costs for the home loan borrowers in India and also bring in more transparency in the market.
Home loan rate for new customer is 9.9 per cent.
As a home loan borrower, it is very important to understand what a teaser loan is and what the implications in short- and long-term are.
Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent. Last week, SBI as part of festival bonanza offered a concessional home loan rate of 6.70 per cent under its festive offer. This was followed by other lenders like Punjab National Bank and Bank of Baroda.
Close on the heels of public sector banks slashing their home loan rates, LIC Housing Finance, has announced a 1.75-2.25 per cent cut in its lending rates for home loans up to to Rs 20 lakh (Rs 2 million) from December 17.
Indians living abroad are equally eligible for housing loans from banks here but with some riders.
Home loan expert Harsh Roongta advises readers on what they should do if they are prepaying their home loans.
The Supreme Court has ordered a 'fair, dispassionate, transparent, and time-bound' investigation by the CBI and ED into the Anil Dhirubhai Ambani Group, addressing concerns over alleged large-scale banking fraud and demanding accountability.
Are you facing problems with housing loans? If you are a first time home loan borrower, here's how you can save some money on your home loan.
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.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Here's what you must know and what you must do before switching your home loan amount from one bank to another.
Have a query regarding your home loan? Maybe we can help. Drop us a line and our expert, Harsh Roongta, will answer it.
Given here is an example explaining how the repayment of your home loan EMI reduces your loan amount during the repayment period leading up to the end of the loan tenure.
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