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Should you refinance your car loan? Here's when switching may save you moneyConsidering refinancing your car loan? It could result in lower monthly payments and more favorable interest rates. Yet, it's essential to ...- Warren Buffett: If past data told you the future, the Forbes 400 would comprise librarians; beware of geeks bearing formulasEverybody had run to cash and government bonds, and everybody agreed it was the sensible thing to do. Warren Buffett called it the third bu...
- Gold prices and long-term value: What you should knowLearn what influences gold prices, why gold is often considered a hedge against inflation, and how it can also support short-term financial...
- Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understandUnderstanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as t...
- The future of personal loans is pay for what you needTraditional loans assumed fixed needs, but modern financial requirements are often incremental. Borrowers now seek flexibility to access fu...
- 'It costs Rs 1.5 lakh a month just to exist': Indian-origin man asks if Rs 4.6 lakh is enough in BengaluruAn Indian-origin man's detailed monthly budget for relocating to North Bengaluru after 15 years in the US has sparked a lively Reddit discu...
- DBS Bank India waives prepayment and foreclosure charges for registered micro, small and medium enterprisesThis decision aims to provide financial flexibility. It allows early loan repayment without penalties. MSMEs can now reallocate funds to ot...
- New foreclosure rules can hit NBFC profitability: ReportThe Reserve Bank of India's draft guidelines for foreclosure on home loans, loans against property, and SMEs could boost competition among ...
- RBI proposes to do away with pre-payment levy on business loans taken by individuals/MSEsThe RBI has proposed eliminating foreclosure charges or pre-payment penalties on all floating rate loans for individuals and MSEs, includin...
- No foreclosure, pre-payment charges on loans to MSEs"While positive for customers, the RBI's move will have a negative impact on the profitability of lenders, and could also potentially incre...
- Banks, NBFCs not permitted to levy foreclosure charges or pre-penalty on loans to micro and small enterprises: RBICentral bank governor’s announcement to cover floating rate term loans sanctioned to individual borrowers for non-business purposes.
- 5 banks offering cheapest personal loan interest ratesPersonal loan can be availed for any reason including any purpose like vocational courses, home renovation, medical emergency, or to travel...
- RBI bans NBFCs from charging loan foreclosure penaltiesForeclosure charges are part of the fee income for any lender and adds to its bottomline.
- Foreclosure of loan: Here's how to do itTo foreclose an existing home loan and to be debt free you need to keep the required documents handy and follow these steps.
- RBI asks banks not to levy penalty on pre-payment of loansRBI said banks should consider allowing their borrowers the facility of prepaying floating rate term loans without any penalty in the inter...
- Home loan prepayment fee eligible for tax benefitBoth the direct interest and prepayment charges were held by the tribunal to fall within the definition of the term interest and allowable ...
- Stop charging pre-payment penalty on home loans: RBI to RRBsThe Reserve Bank today asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest r...
- Stop charging prepayment penalty on home loans: RBI to banksIn a relief to borrowers, the RBI today asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating int...
- RBI asks banks not to levy pre-payment charges on home loansRemoval of prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers.
- Banks face heat over home loan prepayment penaltyThe Reserve Bank of India has expressed its displeasure with a section of banks levying high prepayment penalty on foreclosure of housing l...
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