Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...

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 SIP investments beyond salary hikes can significantly amplify wealth creation. Increasing SIPs by 20% annually, compared to a flat...

A chartered accountant's 20-30-40 rule simplifies home affordability. It suggests a 20-year loan tenure, EMIs capped at 30% of income, and ...

Buying a home is a significant financial step. Finance expert Neha Nagar outlines six crucial rules to prevent falling into debt. She advis...

Banks can auction homes for home loan defaults. Borrowers facing this can approach the Debt Recovery Tribunal within 45 days of the bank's ...

The Delhi State Consumer Disputes Redressal Commission held SBI responsible for deficiency in service after it dishonoured 11 car loan EMIs...

MFIN has tightened loan underwriting guidelines to address borrower over-indebtedness. Uniform treatment measures will help lenders with a ...

Pradhan Mantri Awas Yojana Subsidy: PMAY is a government scheme that allows individuals to buy or construct their houses at affordable pric...

The Supreme Court protected NCR homebuyers awaiting possession by halting coercive actions over EMI payments. Builders must pay EMIs under ...

The Reserve Bank of India (RBI) has lifted the restrictions on Bajaj Finance's eCOM and online digital ‘Insta EMI Card’ with immediate effe...

Governor Shaktikanta Das said lenders will have to also take into consideration age and payment capacity before changing loan terms. “It is...

According to the RBI FAQ, "If the loan turns delinquent and the recovery agent has been assigned to the borrower, the particulars of such r...

Also, 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...

Explaining the modus operandi, he said that such fraudsters may pose as bank representatives, requesting the citizens to share their OTPs i...

Various 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...

The amount of EMI to be paid depends on and varies with the amount of loan, tenure of loan and rate of interest.