In response to multiple repo cuts in 2020, the current housing loan rates are around 7%, which is the lowest in the last 15 years. Additionally, the rapid flourish of HFCs in the Indian market has rather made it easy to avail a home loan, courtesy their relaxed eligibility criteria and swift approval and disbursal …
When you avail of a loan, you have to pay an interest every month, along with the principal. The net EMI depends on the loan amount, interest rate, and repayment tenure. When the interest rate and loan amount are high, you pay more, and vice versa. Following the tips mentioned in this article can reduce …
Top 6 Ways To Reduce Interest Payment On Your Housing Loan Read More »
Shortage of funds interrupting your plans for the future? Are you planning to get an instant personal loan? Do not worry; we have got you covered. RBL Bank offers instant personal loans up to 20 lakhs, with convenient loan repayment options of 12 to 60 months. Interest rates offered on these loans are attractive and …
Education is a crucial part of personal development, helping mould the youth of tomorrow. However, the cost of education steadily increases every year, whether you opt for higher education domestically or overseas. These expenses are a roadblock to many and lead to a lack of formal training, leaving many youth unemployable. Education loan is the …
Vidyalakshmi Education Loan Scheme by Narendra Modi Read More »
In India, home loans are popular for three reasons. Firstly, home loan eligibility is the simplest of all loans. Secondly, home loan interest rates are much lower than other loans in India. Thirdly, home loans are quickly approved, and borrowers can get up to thirty years for repayment. However, the benefits and features you get …
When you have an active home loan account, then it means that a part of the income and expenses is bound to be affected by EMIs over the tenure. Sometimes, you may also avail another loan to fund any other needs. But when you have a debt to income ratio of 40-50%, then you need …
When Is The Ideal Time For Refinancing Home Loan Read More »
In this article, we see which option is better mutual funds or real estate. When you think about investing your money, real estate or gold are the options suggested by your parents. However, nowadays mutual funds have emerged as a very good option. In India, real estate has taken off as an attractive investment option. …
Which is the better option Mutual Funds Vs Real Estate Read More »
When it comes to meeting some urgent needs for funds, nothing can beat the personal loan. It is the ‘go-to’ funding option that many people apply for these days. It is an unsecured type of debt which means not keeping any collateral to get the approval. If you have maintained a strong cibil score and …
Everything You Should Know About Personal Loan Foreclosure Read More »
As per a report,home loan enquiries have increased by 112% in July-August 2020, as compared to the same period the previous year. This is an especially impressive figure, considering the current financial crises in the country. To help the masses,the Reserve Bank of India Has maintained the repo rate at 4% in its recent monetary …
The concept of saving and being prepared for a rainy day has been inculcated in our financial education for time immemorial. Hence, it comes as no surprise that Indians are primarily savings-based consumers in a growing economy. COVID-19 has enforced social distancing and gravely impacted the economy, people fall back on their savings. The job …
