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EMI DURING RETIREMENT
Retiring with an EMI? Here's when it can make sense and when it could derail your retirementRetiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than comp...- Why getting a SWP death claim is not that simple for surviving spouses and why Sebi must ensure strict adherenceIt is often witnessed that the aggression of marketing executives in AMCs to onboard an investor is not reciprocated while settling death c...
- Home loan insurance: Protecting the dream home without paying more than you need toHome loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabili...
- Failed IIT-JEE, weighed 110 kg, felt like a disappointment. Five years later, he bought his dad a Rs 55 lakh BMW, Ankur Warikoo shares the storyAnkur Warikoo shared Shaurya Shikhar's journey from IIT-JEE rejection and self-doubt to a seven-figure income and a BMW gift for his father...
- ‘Your parents had pensions. You probably won’t’: CA warns millennials and Gen Z about delaying investmentsYoung earners today face a stark reality. Unlike their parents, they likely won't have pensions. With longer life expectancies, saving for ...
- This HR professional retires at 45 with Rs 1 crore, stops chasing luxury and says he’s happier than ever in DehradunAmit Chilka retired from corporate life at 45 with a Rs 1 crore corpus, challenging the notion that massive wealth is required for early re...
- Want to repay your home loan without a huge prepayment? This wealth advisor shares a strategy that can cut the tenure by 7 yearsAnmol Gupta suggests Indian homeowners invest a portion of their EMI in equity mutual funds to shorten their home loan tenure, potentially ...
- Are you saving enough for retirement? How to overcome the hurdles that prevent you from investing for this crucial goalMany people dream of a care-free retirement, with lots of spare time and enough money in the bank. This dream may remain just that if you h...
- RBI’s new rules may increase your EMIs, make it difficult to get home loans for someNew loan rules: Banks and finance companies in India may have to increase some home loan EMIs and restrict borrowers' loan eligibility due ...
- Want a longer home loan tenure of 40 years for lower EMIs? Be ready to pay 133% higher interestBajaj Housing Finance has recently extended the maximum tenure on its home loans to 40 years from 30 years for salaried borrowers. For a 40...
- Should you use bonus money to repay loan or for investment?Investing the surplus amount can help in diversifying the wealth portfolio.
- Home loan rates up, tenures go beyond borrowers’ retirementA year ago, lenders were wooing homebuyers with a decadal low-interest rate of 6. 5%. But in the last 10 months, home loan borrowers have s...
- EMIs to rise again after RBI repo rate hike and there's more pain to comeThe new rate hike cycle started on May 04, 2022, when the RBI increased the repo rate by 40 bps. This was the first hike in repo rate after...
- 7 home loan repayment options to choose fromWhichever loan you finally decide on, make sure you have a plan to repay the entire outstanding amount as early as possible.
- How education loan can help your child study abroad and save taxInterest paid on an education loan can be claimed as a deduction under Section 80E with no upper limit. This helps reduce the effective cos...
- 5 calculators that can make financial planning easyIf you are avoiding financial planning due to complicated calculations, here are the formulae and calculators that will ease your task.
- How to resolve financial dilemmas at different life stagesWe try to figure out the common financial dilemmas that you will face during different stages of life and tell you how to make efficient ch...
- Flexible repayment optionsHere are a few popular repayment schemes:
- Home loans are only a scheme awayMany innovative home loan products have been introduced by banks to meet the needs of the borrower.
- Rising EMI burden to pinch elderly borrowers the mostWith interest burdens on home loans increasing faster than you can say EMI, borrowers are left with little time to pay up mounting debt.
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