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PARTIAL PREPAYMENT
IndiGo approves $450 million plan to acquire aircraft, enginesIndiGo's parent company, InterGlobe Aviation, has approved a significant plan. Up to $450 million will be deployed to acquire aircraft, eng...- Understand loan eligibility before applying for a loan for doctorsMedical professionals can secure loans for practice expansion by understanding lender criteria. Key factors include qualifications, credit ...
- Nearly half of India’s online orders are still COD. Why cash on delivery isn’t fading in the UPI eraCash on delivery continues to drive India's online shopping. Many first-time buyers, especially in smaller towns, prefer to pay after recei...
- You reduced your home loan EMI. Here is what it is quietly doing to your credit score
- 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 ...
- Best time to prepay your home loan? 5 tips to save lakhs from your home loan prepaymentsFrom understanding the perfect timing to mastering different prepayment strategies that can save you lakhs in interest, here's everything y...
- Home loan prepayment of Rs 50,000 vs Rs 1 lakh per year: Which option can save Rs 29 lakh on Rs 40 lakh loan?Paying off a home loan faster can be achieved through partial prepayments. For a Rs 40 lakh loan at 8.5% interest, prepaying Rs 50,000 annu...
- How to make most of the annual bonus: Save 56% more if you invest Rs 2 lakh in equity mutual fund than prepaying home loansThis is the time of the year when many people get their annual appraisal done and receive their hard earned performance bonus or incentives...
- Home loan: This strategy will save Rs 16 lakh on Rs 40-lakh loan, finish it 6 years earlyInterest rates on floating rate home loan, especially EBLR home loans, have risen by almost 2.5% within last 16 months due to which the EMI...
- HDFC Bank revises charges, fees structure on personal loans with effect from this dateHDFC Bank has revised the charges and fees structure for unsecured loans including personal loans with effect from April 24, 2023.
- Prepay this much of your home loan to save Rs 17 lakh interestThe total interest for a Rs 50 lakh home loan outstanding with remaining tenure of 20 years, where the interest rate has risen from 7% to 9...
- Prepaying home loan now will be beneficial for these borrowersA good way to cope with higher interest outgo is to make partial prepayment and bring down the total loan outstanding amount.
- Top 5 banks offering lowest personal loan interest ratesBanks provide lower loan rates to individuals with excellent credit score and interest rates on personal loans differ from one bank to the ...
- Don't switch your home loan unless you save minimum 0.25% in interest: Raj Khosla, MyMoneyMantra.com"A home loan is a long-term commitment that can extend for 20-25 years. Rate fluctuations are a given during such a long tenure."
- RBI Monetary Policy: Dear home loan borrower, stop looking at Urjit Patel for interest reliefA 0.25 per cent rate gift from the RBI is praiseworthy but for a home loan borrower there's very little cheer. Find out why.
- Your bank didn't pass on RBI's rate cuts? Here's how to cut the interest cost on your home loan anywayBy 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...
- Floating rate customers to benefit from dip in ratesFloating rate home loans, which did not reflect market rates when they fell, would now become more faithful to their name.
- When to prepay a home loan to avoid penaltyA good way to reduce your home loan burden, especially when rising interest rates are bloating your EMIs, is to prepay it.
- Prepayment of home loanWith the rates on home loans going up, potential home buyers are compelled to reconsider their decision to purchase a property.
- Higher interest rates weigh on borrowers of floating-rate loansA floating-rate loan borrower is expected to pay more in a rising interest-rate scenario, whereas he may benefit in a falling rate scenario.
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