The Reserve Bank has cut the repo rate again, and with US President Trump’s reciprocal tax hike coming into effect from yesterday, the Reserve Bank has lowered the country’s economic growth forecast for the current fiscal year from 6.70 percent to 6.50 percent. What is the benefit of a repo rate cut At the end … Read more
New Delhi:Home loan availability increases by 14 percent, with middle-income groups leading the way, The NHB report states that Housing loans in the country have increased by 14 percent, with the total outstanding loans standing at Rs 33.53 lakh crore as of September last year, the National Housing Bank (NHB) has said. Housing loans in … Read more
A study has revealed that Indians pay a third of their salary as loan installments, known as EMIs. How do Indians spend their money A recent study by PwC and Perbios has revealed how Indians spend their money. The study surveyed 3 million people using financial technology services, non-bank financial institutions and other digital platforms. … Read more
How can I reduce my home loan amount, There are various ways to reduce the cost of a home loan, including seeking a shorter loan term. Which bank is very low interest rate When trying to buy your own home, you need to plan the home loan process properly. From choosing the right bank to … Read more
Mumbai, Feb 8: The Reserve Bank of India (RBI) has announced a much-awaited repo rate cut for the past five years. The short-term lending rate of banks has been reduced by 0.25 percent to 6.25 percent. Its results were released yesterday. What is the expectation of RBI rate cut India This means that banks are … Read more
It is important to understand the financial implications of late payments and the need to pay monthly installments and bills on time. Your credit score is now essential. For the middle class, it is very important to follow a monthly budget and not to postpone loan installments. It is important to know that not paying … Read more
Original documents to be returned within 30 days of loan completion’ – Has RBI issued an order to banks, Original documents must be returned within 30 days of loan completion. In case of delay, the borrower shall be compensated at the rate of ₹5,000 for each day of delay, RBI directive to banks. RBI has … Read more
If we pay off our debt in one installment, who will benefit, it is profitable for us but the bank will never do this because if it is returned it will be recirculated.Until it is done there will be a loss of income and they will fix the problem by imposing a penalty for prepayment.Whether … Read more
Building a house means realizing the dream of having a roof over our heads for a middle class family A common goal, But it will not give you any financial return. It would be prudent to use your savings more than the loan amount to build a fixed asset. Is it good or bad to … Read more