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EMI DEFAULT CONSEQUENCES
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...
- Couples and money: Why shared financial decisions, clear spending rules, and transparency matter in relationshipsWithout a definition of priority and discretion, many households suffer from ad hocism. How should they spend for the common good without s...
- 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...
- Missed home loan EMIs? Law gives you 105 days before bank can start auction of your houseHomeowners get a 105-day window before banks can auction their property for missed EMIs. This period follows the SARFAESI Act and RBI rules...
- One layoff. 3 missed EMIs. Bengaluru CA shares how her neighbour lost Rs 1.2 crore flatA Bengaluru resident lost his Rs 1.2 crore flat after missing just three EMIs following a job loss. The bank auctioned the property for Rs ...
- Bounced cheque, debit mandate failure? You could face up to 2 years in jail, know the real cost of payment failuresBounced cheques and failed mandates are more than administrative issues, carrying potential criminal charges and significant financial pena...
- Credit card defaults on the rise; what is the punishment for credit card defaultCredit card defaults: The amount of credit card payments that are overdue has been consistently rising, suggesting that borrowers are encou...
- 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 ...
- 5 factors you must consider while choosing the right personal loanIf you are looking for a transparent and hassle-free personal loan application experience, you will find that Finserv markets checks all th...
- RBI extends EMI moratorium for another three months on term loans. Here's what it means for borrowersThe current EMI moratorium on all the term loans is ending on August 31, 2020. Previously the EMI moratorium was given for three months i.e...
- What 3 month moratorium on repayment of term loans means for borrowersRBI has allowed all lending institutions to offer a moratorium on loan repayments.
- How SIP in mutual funds may help recoup interest on your home loan‘He is not a full man who does not own a piece of land’ – goes a Hebrew proverb. Almost all Indians are conditioned to own at least 1 house...
- How to avoid defaulting on your business loanA loan account qualifies as a Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms.
- Why youngsters should be allowed to enjoy their earningsLet young earners enjoy their early pay-cheques instead of coercing them into paying high home loan EMIs and insurance premiums from their ...
- Before you turn a loan guarantor understand the financial liabilities you will incurIt is important to understand the financial liabilities you will incur since you may have to pay the dues if the borrower were to default.
- Financiers free to seize vehicles: HCIn a judgment that is bound to have far-reaching consequences, Calcutta high court on Tuesday allowed financiers to seize vehicles if custo...
- Planning a loan? Make sure it helps you build assetsEven a home loan can turn tricky, if house prices crash. Stay clear of auto loans and EMIs for consumer durables as much as possible.
- Planning a loan? Make sure it helps you build assetsEven a home loan can turn tricky, if house prices crash. Stay clear of auto loans and EMIs for consumer durables as much as possible.
- Home Loan: Review finances & repayment potentialThe amount of loan a borrower decides to take from a bank influences his finances, other commitments and more importantly his peace of mind...
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