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With the implementation of Survey of Villages Abadi and Mapping with Improvised Technology in Village Areas (SVAMITVA) scheme and work from home culture getting in vogue, there is a spurt in housing loan demand in tier 3 and 4 districts. The growth has been registered more in the female...

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The path of an entrepreneur is complex. One of the many decisions an entrepreneur must make is how to fund their business. Managing finances is a huge responsibility, especially with a surge in interest rates. Whether you are beginning a new business or expanding an existing one, having...

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Home loan planning does not just end at finding the right home loan lender who can meet all your financing needs adequately – it also means that you do all that you can to improve your chances of getting a home loan deal that is competitive and compliments your financial standing and needs....

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While home loan interest rates have been rising recently, especially in the last month, they continue to remain attractive overall. For instance, current rates are still relatively low compared to the recent few years.   Being eligible for a lower interest rate home loan is easy but...

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HDFC on Saturday announced that it would raise its Retail Prime Lending Rate (RPLR) by 30 basis points.   It would lead to an identical hike in home loan rates for exiting customers.   The hike will come into effect from May 9.   It had recently increased its benchmark...

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Sponsored Post 10 December 2021
Homeownership is definitely an expensive decision to make. Especially when you are taking a loan to finance the purchase, affordability starts to play a more vital role. Getting the best EMI is not that easy; you need to keep track of your loan status and make changes accordingly to ensure...

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Sponsored Post 02 December 2021
Extending your line of credit comes with quite few risks, if it is not handled properly. However, the risks can be avoided if you make smart financial decisions that protect you from these risks. While this might sound straightforward, it can be difficult to make sound decisions when you need...

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Sponsored Post 30 November 2021
The process of preparing for a home loan doesn’t start at the home loan application, it starts at the very foundation – namely, research, EMI forecasting, and planning a tentative repayment schedule. Your home loan is a long-term financial commitment, and the EMI you commit to has to be paid...

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Sponsored Post 11 September 2021
Home loan balance transfer is a feature that allows you to switch your lender. The question is why would you switch to a different lender, and how does a home loan balance transfer benefit you? The most obvious answer is, of course, to reduce your total interest outflow. A balance transfer...

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Moneylife Digital Team 27 July 2021
The Delhi High Court (HC) has directed Reserve Bank of India (RBI) to come out with a clear stand for regulation of online lending platforms which are charging exorbitant interest rates from borrowers.    A report from LiveLaw says that  a division bench of chief justice DN Patel and...

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A good CIBIL score can pave the way for easy and fast credit, whether you need funds for urgent expenses or to meet your life’s goals. While your CIBIL score isn’t the only aspect of your application or profile that is assessed by lenders, it is certainly an important one. While the score...

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Moneylife Digital Team 18 June 2021
Low interest rates have shifted many retail assets from the safety of bank fixed deposits to market-linked investments like bonds and debentures.   Although we do not suggest such investments for most people, due to the taxation of interest at marginal rate, borrower’s risk of default...

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The increased diversity in borrower profiles is indicated by the fact that, in 2020, 49 per cent of first-time borrowers were less than 30 years old and 71 per cent were based in non-metro locations, while 24 per cent were women, according to a joint report by Transunion CIBIL and Google...

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In case of financial emergencies, your first instinct may be to liquidate investments like fixed deposits. However, by doing so, you will be compromising on your investment goals. Typically, with liquidity in mind, you can also think of availing of a gold loan, to raise a hefty sum quickly....

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Brand Connect 16 April 2021
Home loans can substantially impact your financial health and even your quality of life in the long run. The lending terms you agree to will dictate how financially comfortable or distressed you are for many years to come. Finding the right EMI amount, which is feasible as well as ensures...

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Lending major State Bank of India on Monday announced a limited period 'home loan' offer entailing a concession of up to 70 bps with interest rates starting from 6.70 per cent onwards.   Accordingly, the limited period offer ends on March 31, 2021 with home loan interest rates...

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Brand Connect 12 February 2021
Given the current economic stagnation plaguing each sector of the economy, Union Budget 2021 was one of the most anticipated events of this financial year for taxpayers.    In an attempt to move the country out of the pandemic introduced slowdown, the Finance Minister introduced...

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Moneylife Digital Team 08 February 2021
Yes. You heard it right. You can easily get a loan to buy a pre-owned or second-hand vehicle of your choice.    Such loans are provided at attractive interest rates and have a repayment tenure of up to five years. Some lenders provide loans of up to 100% of the car’s quoted...

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Yogesh Sapkale Yogesh Sapkale 04 February 2021
While usurious lenders, charging astronomical interest and masquerading this as processing fees (to beat the Usurious Loans Act) continue to wreak havoc among desperate borrowers, the Union government has washed its hands off the issue. In a written reply in the Lok Sabha, the ministry of...

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Maya M 29 January 2021
The Reserve Bank of India (RBI) had stopped banks from sending unsolicited credit cards during the tenure of Dr Y Venugopal Reddy as governor. But the menace is back again and cards are being dubiously issued to people without their knowledge or consent. Moneylife has received scores of...

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