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Be prepared to pay higher EMIs: No room for loan tenor increase after RBI’s latest rate hike
Moreso because those borrowers who have been avoiding a bigger EMI in lieu of an extended …
Tempted by a top up loan offer? Here’s why it may not be a bright idea
Several financial institutions offer a top-up on personal loans to existing borrowers who have a go…
India’s corporates in ‘wait and watch’ mode as consumption loans zoom
Large corporates are still not driving India’s credit growth as private capital expenditure is yet …
Banks must allow retail borrowers to switch between fixed and floating rates: RBI
Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer …
ANI
Look to refinance your home loan to save on EMI payments
Since May 2022, the EMI per lakh has gone up from ₹899 to ₹1,044. The RBI has raised the repo rate …
Don't be in a hurry to prepay but plan EMIs better, say experts as home loan burden set to rise
The RBI has raised interest rates by 25 basis points to 6.5%, which will make home loan borrowers' …
It’s time to shift to fixed home loan rates, say experts after third rate hike in 4 months
Home loan EMIs are all set to rise once again as the Reserve Bank of India (RBI) increased the key …
Rate hike to affect housing demand in the mid and affordable segments, say experts
The Indian housing market, which has picked up pace since the pandemic, might see a slowdown in…
Allahabad Bank cuts MCLR by 5 bps across tenors
The Asset Liability Management Committee of the bank has reviewed the existing MCLR and decided for…
PTI
Senior citizens to get high rate for longer tenor deposits: HDFC Bank
For deposits of up to Rs 5 lakh, the interest rate differential between the senior citizens and th…
PTI
If you have a bank loan that you are unable to pay, restructuring is on its way
This means that you’re struggling to pay off your personal loans, you can ask the bank to modify…
FAQs about RBI’s three-month deferment on EMIs answered by the Indian Banks Association
A statement by the Indian Banks Association, answers all the frequently asked questions that yo…
Can I defer my credit card payments and FAQs on HDFC Bank’s moratorium process answered
We understand in this current situation there may be disruptions in business leading to low cash…
RBI may extend moratorium on repayment of loans for three more months: Report
With the government extending the nationwide lockdown up to May 31, the Reserve Bank of India (RBI)…
PTI
RBI may extend moratorium on loans by another 3 months
"All commercial banks (including regional rural banks, small finance banks and local area banks), c…