Use these loans to meet emergency needs, and not to fund holidays or luxury purchases.
Enhancing your credit score is the key to improving loan eligibility and securing a favourable interest rate.
'MIB which is a part of retail, will grow in the range of 20 per cent.'
File a written complaint with the bank's grievance redressal officer and secure an acknowledgement.
While managing rising EMIs can be challenging, the right strategy can help individuals can ease their financial burden, says rediffGURU and financial planning expert, Colonel Sanjeev Govila (retd).
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.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
Your awareness about the effect of the home loan tenure and EMI on your loan empowers you to take better decisions, explains Gaurav Mohta.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand. According to the data of the Reserve Bank of India (RBI) on sectoral deployment of bank credit for March 2024, the credit outstanding to the housing (including priority sector housing') stood at Rs 27,22,720 crore in March 2024, up from Rs 19,88,532 crore in March 2023, and Rs 17,26,697 crore in March 2022.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
While most borrowers calculate the gain they stand to make from switching to a lower interest rate, they often fail to take into account all the costs.
Borrowers should consider switching from an MCLR-linked to a repo rate-linked loan.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers your home loan queries.
'Unless banks focus on the Rs 10-15 lakh loan segment, growing affordable housing will remain a challenge.'
For India, the challenge is to strike a balance between tactical necessity and economic priorities, point out Pravin Krishna and Monil Sharma.
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.
Organise your PAN, Form 16, Form 26AS, AIS, and all other proofs before e-filing.
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
Gaurav Mohta, chief marketing officer, Home First Finance Company will answer your home loan queries.
Banks offer a wide range of group insurance plans -- personal accident, health, hospital cash, home insurance, credit protection, and critical illness.
'The brand, the team, and the people have to make the transition from playing league matches to Test matches.'
'We started affordable housing loans that has good traction and the books have grown to Rs 750 crore as of the end of last quarter.'
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
While a giant, it's a nimble-footed one, and is growing at a speed that even some of its private sector peers find enviable.
Between FY18 and FY24, it doubled its balance sheet. Despite being a late entrant in some segments, it has been able to grab market share, observes Tamal Bandyopadhyay.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The police claim to have cracked the case, reminiscent of the recent Meghalaya honeymoon murder, within a week of receiving a complaint alleging that Tejeshwar (32) went missing.
rediffGURU Kanchan Rai, founder of the Let Us Talk Foundation, explains how to deal with a partner who is emotionally insensitive.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
To minimise hardship for legal heirs, home loan borrowers must purchase additional insurance cover while taking a home loan.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
Tough times don't last, but tough people -- and smart financial strategies - do, says Ramalingam Kalirajan
Taking possession without an OC can lead to legal complications, denial of utilities such as water and electricity, hurdles in availing home loans or reselling the property, and even eviction.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
The Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to cut the repo rate by 50 basis points (bps) to 5.5% was contrary to the expectations of many economists. Firstly, most of the economists expected the MPC to cut the repo rate by 25 bps citing the weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Bank has enabling provision to raise capital up to Rs 7,500 crore over a longer period of time.'
Buying makes sense for those planning to stay in a city for at least 7 to 10 years. Financial preparedness is crucial.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
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