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Moneylife Digital Team 10 November 2015
A sudden decline in home loan rates as a result of base rate cut by the RBI has boosted the sentiment in the Indian real estate sector, says Liases Foras in a research note   The performance of the Indian real estate sector during the second quarter as been encouraging and reflects an...

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A dedicated web portal has been launched for the students to access all kinds of educational loans and government scholarships, an official statement said on Thursday.   The portal - www.vidyalakshmi.co.in - was launched by the finance ministry, the human resource development ministry...

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Moneylife Digital Team 14 April 2015
ICICI Bank, India's largest private sector lender, said it cut interest rates on home loan by 25 basis points or by 0.25% for all its existing and new borrowers.   "With this announcement, women as well as applicants from weaker sections will get home loans at 9.85%. The rate will be...

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Yogesh Sapkale Yogesh Sapkale 27 February 2015
If the RBI raises interest rates, your home loan rate goes up. But when RBI cuts rates, your rates don’t go down. Why?   Whenever RBI announces an increase in its monetary policy rates, housing loan-providers, such as banks and finance companies, are quick to hike interest rates....

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Moneylife Digital Team 11 February 2015
Remember Credit Sudhaar, the firm that used to charge money for improving one’s credit score? It is now claiming to provide ‘free credit score’ that too when neither CIBIL nor Experian India nor Equifax gives free credit report    Credit Sudhaar Services Private Ltd, the so-called...

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Moneylife Digital Team 12 January 2015
Seven years after he settled a loan, a borrower is being subjected to numerous calls, notices and even arrest warrant. The only mistake, he committed was not to collect the NOC and account statement from the lender after his settlement    Mumbai-based trader Ramnik Patel (name...

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Moneylife Digital Team 23 December 2014
With the new product, a customer can avail a home loan at an interest rate that remains fixed for a duration of 2 years to 10 years and thereafter the loan switches automatically to HDFC's adjustable rate home loan (ARHL)   Mortgage lender HDFC launched a fixed interest rate home loan...

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Moneylife Digital Team 23 January 2014
The typical US worker near retirement has only two years of replacement income Lessons learnt from the United States, and elsewhere, provide us with valuable insights on personal money management. Yet, often, many ignore such lessons and, worse, repeat mistakes. A recent survey by...

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Moneylife Digital Team 19 December 2013
SBI's revised EMI for loan tenure of 30 years will be Rs885 for women and Rs889 for others against the prevailing EMI of Rs900 per lakh State Bank of India (SBI), the country's largest lender on Thursday announced a separate interest rate structure for woman home loan borrowers. SBI also...

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Moneylife Digital Team 06 November 2013
With SBI, the country's largest bank, increasing its base rate, other state-run lenders may also go in for a hike in lending rates Taking a cue from HDFC Bank, the country's largest lender State Bank of India (SBI) has hiked its base rate by 20 basis points or 0.2% to 10% from 9.8%. The...

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Moneylife Digital Team 19 September 2013
SBI has increased deposit rates to 7.5% from 6.5% for deposits below Rs1 crore for maturity between seven to 179 days and 211 days to less than a year State Bank of India (SBI), the country's largest lender, has hiked its base rate by 10 basis points (bps) to 9.8% from 9.7% and also...

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Sucheta Dalal Sucheta Dalal 16 September 2013
Debt doctors play a useful role as long as they don’t scare the borrower into signing up and claim a ‘nexus’ with CIBIL to be able to‘fix’ credit records to remove the defaulter tag A retired banker told us that Indians do not really want to default on loan repayments. But they are...

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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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