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EMI GUIDELINES
Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...- The hidden cost of looking better: What health insurance covers, and what it leaves you to payRising demand for weight-loss drugs, cosmetic procedures and wellness treatments is creating a growing out-of-pocket healthcare expense cat...
- How a simple home loan EMI calculation before you apply can reduce your interest burdenA home loan EMI calculator is an invaluable tool for financial planning, allowing users to estimate monthly repayments, total interest, and...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- Techie earning Rs 2.8 lakh per month, struggles with minimal savings: ‘High income doesn’t mean…’A tech professional earning Rs 40 lakh annually struggles with minimal savings due to significant EMIs on a Rs 2 crore flat and a car, alon...
- Boosting Rs 1.8 cr retirement corpus to Rs 9.1 cr: How your 8% salary hike can easily increase your SIP by 20%Boosting SIP investments beyond salary hikes can significantly amplify wealth creation. Increasing SIPs by 20% annually, compared to a flat...
- Want to buy a house? Bengaluru CA breaks down the real salary you need to afford a flatA chartered accountant's 20-30-40 rule simplifies home affordability. It suggests a 20-year loan tenure, EMIs capped at 30% of income, and ...
- You can pay EMI to buy a house but before you say yes, check 6 simple conditions, says financial expertBuying a home is a significant financial step. Finance expert Neha Nagar outlines six crucial rules to prevent falling into debt. She advis...
- Home loan default case: Why acting within 45 days can stop a bank auctionBanks can auction homes for home loan defaults. Borrowers facing this can approach the Debt Recovery Tribunal within 45 days of the bank's ...
- SBI ordered to pay Rs 1.7 lakh to a Delhi customer for not deducting car loan EMIs despite sufficient balanceThe Delhi State Consumer Disputes Redressal Commission held SBI responsible for deficiency in service after it dishonoured 11 car loan EMIs...
- MFIN tightens underwriting guidelines for lenders amid over-indebtedness concernsMFIN has tightened loan underwriting guidelines to address borrower over-indebtedness. Uniform treatment measures will help lenders with a ...
- PMAY home loan subsidy can be taken back by govt from borrower in these conditionsPradhan Mantri Awas Yojana Subsidy: PMAY is a government scheme that allows individuals to buy or construct their houses at affordable pric...
- Builders under scrutiny: Supreme Court puts brakes on coercive action against NCR homebuyersThe Supreme Court protected NCR homebuyers awaiting possession by halting coercive actions over EMI payments. Builders must pay EMIs under ...
- RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI Card with immediate effectThe Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's eCOM and online digital ‘Insta EMI Card’ with immediate effe...
- New guidelines soon on banks resetting tenor & EMI of your home loansGovernor Shaktikanta Das said lenders will have to also take into consideration age and payment capacity before changing loan terms. “It is...
- RBI's FAQ on guidelines for digital lending: Key detailsAccording to the RBI FAQ, "If the loan turns delinquent and the recovery agent has been assigned to the borrower, the particulars of such r...
- Mercedes Benz offers customised finance options to lure customers backAlso, the company is providing ‘Step-Up 2020’ option, under which a customer can pay small sum as EMIs for the first six months of the cont...
- Haryana alerts not to share OTP for EMI loanExplaining the modus operandi, he said that such fraudsters may pose as bank representatives, requesting the citizens to share their OTPs i...
- Yes Bank loan EMI moratorium: All the terms, chargesVarious banks have announced details of the EMI moratorium on their websites. Here is a look at the details of Yes Bank's moratorium on loa...
- What should you do if EMI turns out to be too high for you?The amount of EMI to be paid depends on and varies with the amount of loan, tenure of loan and rate of interest.
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