Nitin Kaushik shared how a 34-year-old teacher transformed her finances despite earning Rs 42,000 monthly and carrying Rs 3 lakh debt at 18...

The amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...

The Reserve Bank of India has kept the repo rate steady at 5.25%. Home loan borrowers may see temporary relief. However, rising inflation, ...

A prepayment strategy can significantly reduce your home loan tenure and interest payments. By paying one extra EMI annually on a Rs 50 lak...

Home loan prepayment: Most banks discourage prepayment because it results in a loss for them. Banks incur additional charges for rerouting ...

A good way to cope with higher interest outgo is to make partial prepayment and bring down the total loan outstanding amount.

By regular partial home loan prepayments, one can reduce the interest burden and the final cost. Read on to find out why, how and when prep...

If a home loan does not seem like the sword of Damocles hanging over your head, it makes sense to continue with the regular EMI schedule.

Experts say borrowers must not delay pre-payment of 'unproductive' auto and personal loans just because banks charge a fine, as these loans...

Both the direct interest and prepayment charges were held by the tribunal to fall within the definition of the term interest and allowable ...

You need to borrow judiciously to ensure your home loan cost is down to the minimum. Liquidate non-performing assets, if any.

The Reserve Bank today asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest r...

Removal of prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers.

Home loan borrowers can breathe easy now as the RBI has indicated it would scrap the prepayment penalties charged by banks.

The Reserve Bank of India (RBI) plans to direct banks to stop levying penalty on pre-payment of retail loans, heeding to a long-standing de...

There is a rush to repay the home loans in view of the rising interest rates. But is it the right move? ET Realty delves deeper into the is...

There are 3 options; pre-pay a part/whole of the loan, switch to a fixed-rate loan, or increase in tenure.