One in three home loan borrowers have either witnessed a 25 per cent rise in their equated monthly installments (EMIs) or their loan tenures extending beyond 20 years over the past one year.
Loan repayment Tenures shooting past 20-year mark
How to Get Loans Online for Bad Credit ?
Loans specifically designed for individuals with a low or no credit score are bad credit loans. Numerous lenders are hesitant to lend to individuals with a low credit score….
Second home to cost more
Banks to also charge 50-100 bps more for Rs 20 lakh-plus loans.
If you are looking to buy a second home or want a home loan of over Rs 20 lakh, get ready to pay more.
Taking the cue from F
How to Take Advantage of a Personal Loan Debt consolidation ?
Debt tends to snowball. Individuals who take out personal loan debt consolidation combine all of their outstanding balances and debts into one single amount to be repaid every month.
Indians least likely to Default on Home Loans
Mumbai: Rating agency Crisil on Wednesday provided some solace to bankers, the banking sector regulator and policy makers apprehensive about a rise in home loan defaults. According to Crisil
How to Increase the Approval Chances of Personal Loan for Salaried Employees
There are a variety of reasons why individuals obtain personal loans. Among these reasons may be managing unexpected expenses, such as medical bills, or fulfilling..
Banks see Repo Rate Hike in Policy
Banks are expecting a 25-basis-point increase in the repo rate (7.75 per cent at present) the central bank’s short-term lending rate against government securities when the Reserve Bank of In
Home Loan Restructuring during covid-19 in 2021
If yes, you need a Home Loan Restructuring scheme launched by the Reserve Bank of India first in March 2020 and second in May 2021. Covid-19 has changed the..
Rate Hike brings down Housing Prices
New Delhi: Rate hike is not all bad for consumers and there is a positive impact too. Housing prices across the country have gone down by 5 to 10% in the secondary market. However, for new p
What is Down Payment and its Significance?
If you have decided to take a home loan to build a new home, buy from a builder’s project or renovation of the existing house, the first major thing to consider is capital …