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Moneylife Digital Team 03 September 2013
In its bid to arrest the free-falling rupee, the Reserve Bank of India (RBI) has brought down the amount of dollars one can take out of the country, in a single year, from $200,000 to $75,000. “Education loans and remittances related to overseas studies are a part of the $75,000 limit, but if...

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Moneylife Digital Team 07 August 2013
HDFC Bank becomes the second lender after YES Bank to hike its lending rate to 9.8% after the RBI's status-quo over monetary policy last week HDFC Bank, the country’s second largest private sector lender raised its benchmark lending rate by 20 basis points to 9.80%. This would auto,...

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Moneylife Digital Team 14 June 2013
Credit Sudhaar, a non-specified user entity is sending mails to people whose loans have been rejected. It not only claims to enhance and protect but also 'restore' credit of individuals for a yearly fee of Rs16,000. However, the firm has no answer about how it could do the job Is Credit...

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Moneylife Digital Team 06 June 2013
A consumer was denied home loan because CIBIL mixed up his credit history or record with someone else. Another was denied a loan due to gender mismatch. This could happen to you as well Moneylife and Moneylife Foundation have been continuously raising question on the quality of credit...

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Moneylife Digital Team 29 March 2013
HDFC Bank's new base rate of 9.6% is the lowest among all lenders including SBI, which has a base rate of 9.7% HDFC Bank, India's second largest private sector lender said it would cut its base rate by 10 basis points to 9.6% from 30th March. HDFC Bank is the first lender to cut base...

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MDT/PTI 31 January 2013
While SBI has cut its lending rate by a marginal 0.05% (5 basis points), HDFC Bank and Federal Bank announced reduction in a few segments like auto loans to the tune of 0.25%-0.50% Mumbai: Auto, home and corporate loans will become cheaper with banks, led by market leader State Bank of...

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MDT/PTI 30 January 2013
IDBI Bank has reduced the benchmark prime lending rate and fixed deposit rates on select maturities by 0.25%   New Delhi: Within hours of the Reserve Bank of India (RBI) reducing the key policy rates, IDBI Bank slashed its lending and deposit rate by 0.25%, reports PTI.   “The...

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MDT/PTI 29 January 2013
Both lending and deposit rates are expected to see a downward revision following the RBI’s decision to cut CRR and repo rate by 25 bps each   Mumbai: Borrowers could see better days ahead as banks are expected to cut lending rates following the Reserve Bank of India’s (RBI) decision...

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Moneylife Digital Team 21 January 2013
Most builders provide one of the four options—Down-Payment Plan, Construction-Linked Plan, Flexi-Payment Plan and Time-Linked Payment Plan. Calculate the benefits that the builder gives you and weigh them against the costs/penalties that would be levied if you do not make timely payments

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MDT/PTI 17 January 2013
“Earlier while the banks used to give loans to entities with score of 600 out of 900 in the profile rating, now they mostly prefer a higher rating of around 800,” CIBIL managing director Arun Thukral said New Delhi: Credit Information Bureau (CIBIL) on Wednesday said financial...

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Moneylife Digital Team 15 January 2013
Personal loans, being unsecured by nature, are priced much higher than a loan that has a security attached to it. For smaller loans, you needn’t collateralise your home or your vehicle, you can borrow against smaller market-linked securities or those having a fixed value With consumer...

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MDT/PTI 10 January 2013
NCR saw maximum launches of new homes at nearly 54,500 units in 2012, followed by Pune (24,000 new units), Mumbai (22,500 units) and Chennai (20,800 units) New Delhi: About 1.62 lakh housing units were launched last year in India's eight major cities—a drop of 16% from 2011, reports PTI...

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Yogesh Sapkale Yogesh Sapkale 03 January 2013
Credit Sudhaar, a non-specified user entity, is accessing confidential credit records from CIBIL while claiming to help individuals improve and maintain their credit health. Why is the financial regulator, RBI, silent? Credit Sudhaar, a firm set up by former bankers Gaurav Wadhwani and...

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MDT/PTI 02 January 2013
Home loans from Oriental Bank of Commerce will now be available at 10.4% with an EMI of as low as Rs937 per lakh New Delhi: State-owned Oriental Bank of Commerce (OBC) has reduced interest rate on home loans of up to Rs30 lakh by 0.1%, reports PTI.   As a New Year gift to...

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MDT/PTI 31 December 2012
Minimum lending rate, of HDFC Bank will come down to 9.7% from the existing 9.8% thus making loans cheaper for borrowers in new year New Delhi: HDFC Bank has decided to cut its benchmark lending rates by 0.1%, making loans cheaper for its borrowers in the New Year, reports...

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MDT/PTI 04 December 2012
Dena Bank cut its processing fee on home, auto, personal and gold loans till month end   Mumbai: State-run Dena Bank has scrapped processing fee for housing and auto loans for a limited period till month-end, reports PTI.   The fee on personal loans and gold loans have also...

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MDT/PTI 03 December 2012
Under the revised rates applicable from 29th November, Union Bank's educational loan rates would go down by 1.5-2% while the interest on home loans above Rs30 lakh will be cheaper by 0.25% Mumbai: State-run Union Bank of India has reduced education loan rates by up to 2%, and a...

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MDT/PTI 29 November 2012
BoB has adopted a cautious approach for resuming the sanction of fresh home loans and also in releasing further disbursement in home loans already sanctioned in Gaur City-I and other projects in Noida Extension and Greater Noida   New Delhi: State-run Bank of Baroda has stopped...

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Harjot Kaur 22 November 2012
Banks look at your loan application from the point of view of how risky it is to lend money to you and whether or not you will pay back. Give the bank reasons to lend to you, as Harjot Kaur explains The key factors in getting a bank loan sanctioned are a good credit history and an active...

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MDT/PTI 12 November 2012
The RBI draft report on home loans also suggested that banks should introduce and popularise long-term fixed rate home loan with a provision of re-fixing the interest rate after 7-10 years Mumbai: The Reserve Bank of India (RBI) has suggested that banks should look at the possibility of...

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