Most people avail loans to buy a car, buy a house, for higher education or for other personal reasons. Loans often help us complete important life goals even with inflation on the rise. Equated Monthly Instalments or EMIs form a part of repayment of the loan that we have availed. It is a...

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Many people are not aware of what the Credit Information Bureau India Limited (CIBIL) score is and its importance in seeking a personal loan. Deemed as an essential measure of creditworthiness, the CIBIL score or more popularly called credit score is one of the most important eligibility...

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A personal loan is an unsecured loan, which means that you do not need to provide any collateral to borrow. Unlike other loans, a personal loan does not require you to keep any collateral or security with the lender. Banks and financial institutions can lend this loan at a lower interest...

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India has one of the fastest-growing and most promising real estate markets in the entire South-Eastern Asia. There has been an ever-increasing demand for affordable housing across the nation, especially in the metropolitan areas, as changes in employment structure and job market has driven...

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The State Bank of India (SBI) on Friday said it would offer repo rate-linked home loans from July 1, 2019.   It also announced the reduce interest rate on cash credit account and over draft customers with limits of over Rs 1 lakh, from July. The current repo-linked lending Arate...

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Private sector Federal Bank is looking at a 20 per cent growth in business in the current fiscal, an official said on Wednesday.   "We are pursuing a 20 per cent year-on-year growth in business, including deposits and credit, in 2019-20," Federal Bank MD and CEO Shyam Srinivasan...

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The State Commission for Consumer Redressal, Chandigarh, has suggested that RBI conduct a forensic audit of Fullerton Credit Company, a non-banking finance company (NBFC), providing finance to households and small and medium enterprises. This extraordinary suggestion was made following the...

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With the long-term growth in the prices of property, investing in the one is a good idea from both an ownership and investment perspective. You can fulfil your dream of owning a home by availing a home loan. The amount that you pay your lender against your home loan is called your EMI. To...

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As a personal loan is an unsecured loan, its interest rate, terms, and other features that you can enjoy are heavily dependent on your credit score. A good credit score, one that’s 750 and above, can help you bag the loan amount you need at an affordable interest rate from a reputed lender....

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There are more than 42.50 million businesses in India, contributing to 95% of the total industrial output of this country. It employs 106 million people and produces more than 6,000 types of products. The sector has maintained an average growth rate of over 10% every year.   Such...

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UPDATED on 10 November 2018 at 1550 to include response from CapitaWorld and SIDBI-led consortium   The Diwali gift from prime minister Narendra Modi to the micro, small and medium enterprises (MSME) sector, may well turn out to be a privacy and security nightmare for small businesses...

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The Pradhan Mantri Awas Yojana(PMAY) has brought a series of benefits for first-time homebuyers. A subsidy on your home loan interest is one of the prime advantages that PMAY extends to you. Claiming the subsidy on your home loan is easy basis your eligibility, if you apply for the Pradhan...

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Your home loan interest rate usually depends on your lender, the central bank’s policies, and the current economic climate in the country. During times of inflation, the Reserve Bank of India (RBI) may hike the base rate, which may impact your home loan interest rate and subsequently your...

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Every parent wants the best for their child, especially when it comes to his or her education.   But a great degree at the best institutions can be quite expensive, especially if you are looking at universities abroad. Costs like books, practicals, tutorials, and living expenses drive...

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You may want to renovate your home to carry out essential repairs and maintenance work or to improve its aesthetics and your comfort. Both can come with a heavy price tag. In order to meet the expenses without any compromise, consider applying for a home renovation loan. Here’s how renovating...

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For long, parents have been saving for the primary and secondary education of their children, as well as any higher studies. The past 10-15 years have seen a change with more students willing to take on the responsibility to fund their education, and this is where student loans play an...

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Where there is an asset, can the lender be far behind? After loan against property, here comes loan against mutual funds (MFs). HDFC Bank has launched an online overdraft (OD) facility that can be set up in under three minutes, for lending money against your mutual fund holdings. The Bank has...

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The duration of a loan, especially a mortgage, tends to be so long that one tends to forget details about what went into the process of procuring the loan. This, sometimes, leads to carelessness in ensuring that the loan is correctly closed.    Every Thursday, I guide people facing...

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India's largest lender State Bank of India (SBI) on Thursday announced reduction of interest rates on home and automobile loans by five basis points (bps).   In a statement issued here the bank said, it has reduced home loan interest rates to 8.30 per cent.   Similarly,...

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The State Bank of India (SBI) on Friday announced reduction in home loan interest rates by 10 basis points (bps) for salaried women who take a loan of above Rs 75 lakh, effective from June 15.   "Home loans above Rs 75 lakh will now be cheaper by 10 bps with effect from June 15. The...

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