Impact of Late Payments on Credit Score

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31-Jul-18

Today, Credit Score is the most dominant factor in the credit system that decides the fate of the borrower. A three-digit score is a powerful tool to assess borrower’s capability for a particular credit product. Most of the lenders reject an applicant with a ba....

Situations when a personal loan can help you

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19-Jul-18

A personal loan is an unsecured loan and a quick way to gather funds for any purpose. Though it comes with higher interest rates, it has its own advantages over others. You should know when is the good time to take a personal loan?

How to Improve your Credit Score Managing your Creditworthiness

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02-Jun-18

Credit Score is like a report card for the borrower that helps the lender to anticipate whether the borrower will be able to repay the amount in future. The Credit score ranges from 300 to 900, and anything above 750 is considered a good score, which will help you to get loan very easily. In Simp....

Dealing With The Inevitable How To Plan For Retired Life In Your 50s

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30-May-18

It’s never too late: Prepare now to ensure a comfortable and self-reliant post-retirement life.

In our changing society, the joint-family system has become outdated. Driven by socio-economic realities, the older generation no longer relies on the younger, but strongly desires a grea....

ATM Withdrawals, Loan EMIs After GST: What You Need To Know

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04-Jul-17

After the historic launch of  GST or good and services tax, ATM transactions (including withdrawals) beyond free limits and other banking services where service tax was levied will get costlier. Under GST, banking and financial services have been placed in the 18 per cent rat....

SBI cuts home loan rates; lowest in 6 years

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02-Nov-16

Mumbai: Country's largest lender State Bank of India (SBI) has announced cut in its home loan rates as per media reports.

The Times of India report said that “home loans for women (or loans with women as co-borrowers) will be available for 20bps above the benchmark rate, which trans....

RBI 25 bps rate cut Happy times expected to continue for borrowers

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06-Apr-16

By cutting the repo rate yet again, this time by 25 bps, the RBI has increased pressure on banks to pass on the decline in interest rates to borrowers. If banks pass on the full benefit of the cut borrowers stand to gain a lot.

However, it remains to be seen how much and when they do s....

Banks may now give home loans for Rs 1 crore for 30 years

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27-Jan-16

MUMBAI: Banks have turned active in giving out home loans for as long as 30 years for the first time since credit crisis days as they attempt to revive demand in high-end home purchases which has come to a grinding halt in the top six cities, said two people familiar with the development. This m....

Loan subsidy to make housing affordable for middle class buyers

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14-Jan-16

DEHRADUN: Under the 'Housing For All' scheme of PM Awaas Yojna, taxpayers in the city who have ownership of land and are earning anywhere between Rs 3 lakh to 6 lakh can now avail a loan of Rs 6 lakh at just 6.5% interest rate and also get a huge subsidy of Rs 2.20 lakh.

Dehradun Munic....

RBI move on loan-to-value ratio seen reducing home loan rate further

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31-Dec-15

Mumbai - The RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.

"We expect interest rate on home loans to come down by another 25-....

Essentials of loan against property

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28-Dec-15

Among a host of loan options provided by banks, a relatively popular product is the Loan against property or mortgage. The product clicks with borrowers because it generally allows one to borrow a relatively large sum of money for any need. It generally has easy documentation, speedy approvals a....

RBI Move on Loan-to-Value Ratio to Cut Down Home Loan Rates: Crisil

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25-Dec-15

Mumbai: RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.

"We expect interest rate on home loans to come down by another 25-30 bp....

India's small towns adding to home loan growth by 19%

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25-Dec-15

New Delhi: Home loan segment is one area where both the public and private sector bank are currently focussing a lot.

As per a report in the Times of India, small towns are the main engine behind the growth in home loan.

Host of freebies, offers and discounts are thrown by de....

Sundaram BNP offers home loans at 8.5% for flood-hit TN residents

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12-Dec-15

Sundaram BNP Paribas Home Finance will be extending housing loans up to Rs 10 lakh at a reduced concessional interest rate of 8.50% per annum (fixed) to the flood-affected residents of Tamil Nadu to help them reconstruct, repair, renovate and upgrade their existing dwelling units, a press relea....

SBI too waives penalty on late, non-payment of EMI for Chennai residents

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12-Dec-15

In view of the unprecedented rains in Chennai and the damage to property and personal assets, State Bank of India has decided to waive the penalty on late payment/ non-payment of the equated monthly instalment for November and December on home, car, and personal loans.

India's largest....

Easy bank loans for home repair

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07-Dec-15

CHENNAI: The recent rain and flood may have dampened hopes of a sustained recovery in the housing sector in Chennai. But mortgage lenders are seizing an opportunity in the crisis: They are giving home improvement loans to customers at concessional rates so that they can repair their damag....

Loanadda at state level bankers committee at chandigarh

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10-Nov-15

Mr. Anshuman Mishra, Founder-CEO of LoanAdda.com, addressed the State Level Bankers Committee (SLBC) at Chandigarh on partnership between private sector and public sector for Financial Inclusion through Priority Sector Home Loans.

The RBI has recently revised the priority sector lendi....