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LOAN EMI REDUCTION
RBI holds repo rate, but for how long will relief for home loan borrowers continue?The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger ...- Bengaluru techie after quitting Rs 2.5 lakhs per month corporate job, now does odd jobs and travels: ‘Income has dropped but life is meaningful’Apeksha Jain traded a Rs 2.5 lakh monthly salary for a life of travel and simple work. After years in corporate roles, she found fulfillmen...
- Can you get another loan if you’re already paying EMIs? Here’s the answerYour salary is just the start for loan approval. Lenders scrutinize your income after deducting all current EMIs. This remaining amount, me...
- How secured loans can open new doors to credit-based growth for MSMEsSecured loans offer MSMEs a pathway into the formal credit system, eliminating the need for years of audited financials or a long operation...
- You reduced your home loan EMI. Here is what it is quietly doing to your credit score
- Repo rate cut: Your home loan interest, EMI burden set to dipSince all new, retail floating-rate home loans sanctioned after 1 October, 2019 are linked to an external benchmark, which is the repo rate...
- Good days for home loan borrowers: EMIs to drop further after RBI cuts repo rateRBI repo rate cut: The fastest benefit of the repo rate cut reaches to floating rate loan borrowers. These are the borrowers who have taken...
- How you can save Rs 15 lakh on a Rs 60 lakh home loan taken in overdraft formA home loan overdraft account lets you park surplus cash to slash interest payments while retaining access to your money, unlike traditiona...
- Best way to prepay your home loan: Save Rs 7 lakh and pay off 36 months early with this prepayment strategyWith recent repo rate cuts by the RBI, home loan borrowers now have opportunities to accelerate their repayment. Strategies like utilising ...
- Rs 7.71 lakh savings on Rs 50 lakh home loan: Check how much you will save after RBI’s 50 bps repo rate cutIf you go for EMI reduction after interest rate reduction, it doesn't only lower your monthly outgo by reducing your EMI, it could also sla...
- Good news for SBI borrowers: Bank reduces these lending rates by 25 basis points after repo rate cut by RBIFollowing RBI's repo rate cut, SBI has also reduced its EBLR, or external benchmark lending rate, and RLLR (repo-rate linked lending rate)....
- Reduce home loan EMI or cut tenure? What will save you more on interest after RBI repo rate cut by 50 bps?Home loan EMI reduction: After a long time, the RBI has relieved the borrowers by cutting the repo rate successively by 50 basis points. Wi...
- Good news for SBI home loan borrowers: EMIs to fall as the bank reduces the lending ratesState Bank of India (SBI) has reduced its External Benchmark-based Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) by 25 basis poin...
- HDFC Bank cuts lending rates on these tenures; EMIs of these loans will be loweredHDFC Bank cuts lending rates: HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) on select tenures by up to 5 basis poi...
- Will the wait of home loan borrowers for reduction in EMIs be a reality in October this year? Here’s how to make the best of falling ratesHome loan borrowers experiencing high EMIs may soon benefit from falling interest rates. Experts expect a rate cut cycle influenced by US F...
- Home loan interest rates may fall by 50 bps or more in 2024; how to save more on your loanLast year home loan borrowers witnessed significant jump in their EMIs. However, the new year 2024 is likely to bring good news for them. E...
- Easy way to get bank to cut your home loan EMI now without extending tenureSharp rise in interest rate has created a big dent in household budget of the most of the home loan borrowers as the EMIs have gone up arou...
- Home loan:10 banks offering lowest home loan interest ratesWith the RBI increasing key policy rates since May 2022, many banks too have increased their lending rates in tandem. This is bad news for ...
- SBI to pass on interest rate changes faster to home loan borrowers: Rates to be reset 6 monthlyThe State Bank of India latest announcement will help the borrowers whose loans are linked to the marginal cost of lending rate (MCLR) to b...
- Don't opt for a lower EMI, shorten loan tenure insteadThe choice of lowering the EMI and keeping more money in hand may sound tempting. But it's best to reduce the tenure of the loan.
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