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EMI PAYMENT DEFAULT
Those willing to look beyond the fog of war: 5 large-caps from different sectors with upside potential of up to 28%The news mix could not be more confusing. On the one hand, the US House voted to halt Trump’s Iran war, and Israel and Lebanon again agreed...- 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 ...
- Delinquency vs default: Know the difference and how they affect your credit score and borrowing abilityIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
- 25-year-old earning ₹1L/month asked to take ₹92 lakh loan for parents’ property deal; family expects flat value to soar in 5 years; sparks debt trap concernsA 25-year-old earning ₹1 lakh a month has sparked debate online after revealing how his parents want him to become the primary borrower for...
- Kissht parent OnEMI Tech shares soar 11% after strong D-Street debut. Should you buy, sell, or hold?OnEMI Technology Solutions shares saw a strong debut, jumping 11% on their listing day. The company operates digital lending platforms Kiss...
- Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
- After 15-year wait, JAL homebuyers pin hopes on Adani plan for long-delayed homesHomebuyers who booked properties 15 years ago with Jaiprakash Associates Limited (JAL) are anticipating possession following the Supreme Co...
- Nine in ten borrowers clear EMIs within 90 days, yet lenders lose up to 70% without early intervention: Zavo surveyA study reveals most Indian loan defaults are preventable with timely borrower support. Lenders often lose significant value by not interve...
- Missed the EMI of your loan by 1 day? It can cost you more than you thinkMissing a loan payment, even for one day, can harm your credit score. This can lead to higher interest rates on future loans. Banks may als...
- 5 important personal loan charges you must knowUnlike a home loan or auto loan, which must be utilised for the reason for which you borrow the money, a personal loan has no restrictions ...
- Aparna Ramachandra on how to manage loans & credit rating, avoid EMI defaultsMissing EMIs on loans, particularly personal loans, can result in penalties, late payment fees and legal action against borrowers. With per...
- What to do if you have defaulted on a home loanIn case the bank decides to name the borrowers as defaulters, it will then send a full and final 60 days’ notice under a law called SARFESI...
- Don’t take a home loan because interest rates are low; ask yourself these 8 questions firstDon’t take a home loan just because interest rates are low, especially in the Covid-induced uncertainty. Before you borrow and take on debt...
- Opting for EMI moratorium? Be ready to pay moreBorrowers have been advised to give instructions in advance to stall the debit, even if they have no money because the bank where they have...
- How to tackle home loan EMIs if you lose your jobBanks are typically more interested in recovering the money than in starting legal proceedings as the process of attaching and auctioning a...
- Lost your job? Here's how you can rework your loan EMIsA borrower can restructure his loan EMI if he loses his job or suffers a pay cut.
- 5 ways to manage your home loan EMI betterDon't skip an EMI. Apart from penalties, it also negatively affects your credit score. Prolonged default can even result in your home being...
- Real estate: Should you opt for a 'book now and pay later' scheme?In this day and age where project delays and loan defaults by developers have become the norm, it is important to tread cautiously on such ...
- EMIs too high for your comfort? Here's how you can avoid defaulting on loansBanks are typically more interested in recovering the money than in legal proceedings as the procedure of attaching and auctioning property...
- Pointers to stay away from loan defaultsOften loan defaults occur when you take on too many debts simultaneously and then find it difficult to manage.
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