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Moneylife Digital Team 02 December 2011
The safe and smart way to reduce your home loan burden The Reserve Bank of India (RBI) has hiked interest rates 12 times in the past 20 months effectively increasing the rates by 3.75 percentage points. This leaves no option for banks but to pass on the rate hike to customers. Home-loan...

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Alekh Angre 29 September 2011
According to the revised model for education loan, the repayment period is now extended up to 15 years depending on the loan amount Indian Banks' Association (IBA) in its revised circular for education loan has recommended extension for the repayment period depending on the loan amount...

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Moneylife Digital Team 16 September 2011
Indiabulls Housing Finance head explains that increasing the EMI is better than extending the loan tenor The corporate sector had hoped otherwise, but the Reserve Bank of India (RBI) today hiked key interest rates by a further 25 basis points. This will likely make home and automobile...

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Gagan Banga 26 August 2011
The series of rate hikes has resulted in the EMI on home loans going up by more than 20% to Rs1,016 on every one lakh rupees. However, with rates having climbed so high, it would not be wrong to assume that any further increases should be very limited The past 12 months have seen...

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Moneylife Digital Team 20 July 2011
It has been found that students find it difficult to repay loans in five-seven years as some of them are unable to get good jobs immediately. There are some dropouts too that worsen the default rate The education loan scheme is set to get more 'student-friendly' if the key...

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Moneylife Digital Team 24 June 2011
In the absence of an authority to issue income certificates, students from several states are finding it difficult to get interest subsidy on education loans offered by the union government. This has also hampered banks from disbursing loans to needy students Nearly a year after the...

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Moneylife Digital Team 16 June 2011
Over the past one year, the RBI has embarked on an ambitious inflation management programme, raising key rates consistently, but with little success so far. A sustained continuation of monetary transmission into higher lending rates could impact both consumption and investment demand The...

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Moneylife Digital Team 24 May 2011
The British bank promises to refund half the interest component on three EMIs. It’s a first in the home loan business. But does it amount to very much any way? HSBC India has announced a new home loan package offering to pay back part of the interest to borrowers. Yes, like the foreign...

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Moneylife Digital Team 27 April 2011
There is a feeling that replacing the very popular special loan scheme with floating rate schemes will not make much of a difference Experts think that the move by the State Bank of India (SBI) to scrap teaser home loans will have no impact on prospective home buyers. SBI, the...

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R Balakrishnan R Balakrishnan 21 April 2011
SEBI has banned FMPs from giving indicative yields. It should re-examine the fiat Market regulator Securities and Exchange Board of India (SEBI) has said that neither a fund house nor a distributor can give ‘indicative’ returns on fixed maturity plans (FMPs). This is a strange order and...

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Yogesh Sapkale Yogesh Sapkale 20 April 2011
CIBIL, the first credit bureau in India, has launched 'Score', which will help individuals to get loan approvals quicker and negotiate better interest rates Lenders are readily giving loans to customers who have a credit score of 800 and above, therefore, it is in the interest of a...

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Moneylife Digital Team 08 April 2011
Education loans through banks have grown by 20% in the past couple of years. That’s the fastest ever, and banks want to push that further to 30%-40% going ahead The season of college admissions has begun and banks are gearing up to facilitate maximum education loans to students. Going...

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Builders are offering to pay for pre-EMIs. But is this worthwhile for you? Experts believe that real-estate prices have escalated so sharply within such a short period that pressure for a correction is increasing. There is a counter view that builders will not lower prices as input...

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Moneylife Digital Team 02 February 2011
Next biggest areas of complaints in 2009-10 were basic banking facilities and problems over loans and advances   Credit card grievances relating to overcharging and issuance of unsolicited cards accounted for the bulk of complaints received by the banking ombudsman in 2009-10. The...

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Moneylife Digital Team 29 November 2010
High Mark will be the country's fourth credit bureau after CIBIL, Experian and Equifax High Mark Credit Information Services today became the fourth credit information company in the country to receive the approval of the Reserve Bank of India (RBI) to operate as a credit bureau.

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Moneylife Digital Team 22 November 2010
The country’s largest credit records institution is not updating its records on time, according to a complaint by a senior banker. Also, individuals are upset that they are not receiving their credit reports on time Credit Information Bureau of India Ltd (CIBIL) is falling behind in...

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Debashis Basu Debashis Basu 25 August 2010
If you are hard up for cash and need the money immediately, consider pledging gold. But remember, there are serious pitfalls, explains Debashis Basu You can see their advertisements all over: Muthoot Finance, Muthoot Fincorp (the two entities are separate) and Manappuram Finance. They...

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Are you aware of the actual interest you are paying to a bank for home loans or any other loan? You are not. The actual effective interest rate is veiled in a mass of banking jargon—reducing balance, compounding, quarterly rests, etc. That would seem strange for a retail product or service....

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Pallabika Ganguly 31 December 2009
A housing finance company feels that documents like salary slips are not the only way to judge the credit-worthiness of a potential borrower If you want a loan to buy an affordable home, but do not have enough documents (like salary slips), do not worry. Micro Housing Finance Corp Ltd...

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India’s largest lender offers attractive home loan schemes to generate demand, then loses interest when it comes to processing loan requests. One such complaint against SBI exposes the situation Customers lining up for home loan offerings better size up the uphill task ahead of them. For, even...

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