PF NEWS LOANS
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January 03, 2022, Monday
Higher interest rates, limited tenures drive used-car loan EMIs up
Consider top-up home loan and personal loan; they are cheaper and you could get 100% financing
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November 25, 2021, Thursday
Exercise due diligence, avoid digital lenders that make borrowing too easy
The absence of due process-KYC, issuance of sanction letter and loan agreement-should act as red flags
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September 30, 2021, Thursday
Prevent auto-debit failures by registering once again, say experts
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c
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September 16, 2021, Thursday
SBI cuts home loan interest rate to 6.7%, waives processing fees
SBI announces festive bonanza for home buyers
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August 31, 2021, Tuesday
P2P lending is for those with a high risk appetite, say analysts
Limit lending amount and diversify among borrowers
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July 31, 2021, Saturday
SBI announces 100% waiver on home loan processing fee till Aug 31
The country's largest lender State Bank of India (SBI) on Saturday announced waiving processing fee on home loans till ...
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June 18, 2021, Friday
Need an overseas study loan? It is easier to get one from a global lender
The hitch is that they are in foreign currency and carry an exchange risk in case you want to work in India
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May 13, 2021, Thursday
Not getting personal loan to manage an emergency? Offer collateral
Starting a fixed deposit may make a bank more willing to offer you a credit card
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May 04, 2021, Tuesday
Home loan: Go with a lender charging lower risk premium, say experts
While benchmark rate can change any time, spread changes only in rare instances
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May 01, 2021, Saturday
State Bank of India reduces home loan interest rates to 6.7%
Women borrowers to get a special concession of 5 bps
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April 20, 2021, Tuesday
Cash-strapped patients with Covid-19 infection can consider loans
In a health emergency, speed of disbursement is more important than cost
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March 19, 2021, Friday
Secured loans may help you tackle tighter credit norms, say experts
Presence of collateral allows lenders to relax their criteria while sanctioning of these loans
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March 11, 2021, Thursday
Udyam certificate provides access to cheaper credit: Check details here
If you don't have GSTIN, wait till further clarity on whether the same is mandatory for registration
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February 16, 2021, Tuesday
A term policy is the preferred option for covering home loan liability
A home loan protection plan could pose problems if you wish to switch or foreclose your loan
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December 09, 2020, Wednesday
Going for a joint home loan with a relative can boost chances of approval
In case of default, credit score of co-borrower would also get affected
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October 22, 2020, Thursday
Use 'pay later' loan facility only if interest rate is attractive
However, be careful to avoid over-leveraging
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September 24, 2020, Thursday
How loan restructuring scheme can impact your finances: Things to know
The accumulated interest will increase the principal and you will have to pay a higher interest rate on it
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September 04, 2020, Friday
Work actively on improving your credit score to protect your home loan rate
If more lenders hike their risk premium, it will spike the interest rate on your borrowing
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August 28, 2020, Friday
Are you in financial trouble? Ask your bank to restructure your loan asap
Take your repayment capability and the extra interest cost involved when choosing a restructuring option
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August 07, 2020, Friday
Pay higher percentage of vehicle cost upfront to get loan in pandemic
A low EMI to take-home income ratio will also improve your chances of getting a loan
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December 06, 2021, Monday
Balance transfer your personal loan only if interest gap is 0.5-1% or more
The pre-closure penalty usually ranges from 1 to 5 per cent of the principal outstanding amount
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October 20, 2021, Wednesday
Forget Squid Game, here are some strategies to get out of debt in real life
The most-expensive-debt first approach is cost-effective, while debt snowball has been found to be the most successful
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September 24, 2021, Friday
Check net savings before you transfer home loan balance: Experts
When selecting the new lender, understand the conditions attached to prepayment
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September 03, 2021, Friday
Studying abroad? How to choose the right lender type for an education loan
There are several other factors to consider apart from the interest rate, such as moratorium, collateral and quantum of
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August 05, 2021, Thursday
Stick to regulated entities for short-term personal loans: Analysts
Avoid online platforms that charge exorbitant interest rates
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July 08, 2021, Thursday
Debt cut strategies useful for borrowers but they come at a cost
Loan restructuring and moratorium increase interest outgo
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May 28, 2021, Friday
Term plan-backed home loan protects your family from repayment burden
The group life cover offered by banks could be your second option if you are unable to get a term plan due to health-related ...
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May 05, 2021, Wednesday
Covid-19 second wave: Should you avail of RBI's relief on loan repayment?
If you opt for restructuring, your interest cost will rise and there could be other charges
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May 01, 2021, Saturday
State Bank of India slashes home loan interest rates by 25 bps to 6.7%
By February 2021, SBI's home loan portfolio reached Rs 5 trillion-mark
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April 27, 2021, Tuesday
Personal loans: Keep your EMIs at less than 50% of your after-tax pay
If you are thinking of availing of a personal loan, here are some steps you can take to improve your chances of getting it
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March 30, 2021, Tuesday
Two strategies to avoid a debt trap during job loss and dwindling income
The avalanche will save you money, but the snowball approach is easier to stick to
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March 17, 2021, Wednesday
Switch home loan if you can reduce cost by at least 50 bps: Experts
Don't go by the lowest advertised home loan rates; find out what you are eligible for
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March 01, 2021, Monday
SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score
Sanctions loans worth Rs one trillion till date in FY21
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December 26, 2020, Saturday
Borrow from RBI-registered lending apps to avoid unscrupulous operators
Digital Lenders' Association of India (DLAI) has come out with a few guidelines
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October 27, 2020, Tuesday
Home loan offers: Keep an eye on caveats before choosing a lender
They may be available only to those whose credit score exceeds a specified level or who buy insurance also
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October 06, 2020, Tuesday
Simple interest accumulated during moratorium remains the bigger concern
Since simple interest keeps accumulating, your outstanding at the end of the moratorium will be higher than at the start
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September 18, 2020, Friday
Huge relief for home loan borrowers if govt bears part of compound interest
The increase in EMI or tenure will be lesser if the government pays the compound interest
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September 04, 2020, Friday
Make sense of car loans with step-up and balloon payments before borrowing
Some decisions aren't about numbers alone. If paying extra interest isn't as important as your safety, there's no harm in going ...
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August 07, 2020, Friday
Post Covid-19 lockdowns, demand for vehicle loans is rising, says financier
The lockdown, which impacted the movement of vehicles across states, and subdued economic growth in the last few years impacted ...
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July 28, 2020, Tuesday
Lower rates an opportunity to re-negotiate your home loan interest
Start by shifting to repo-linked rates, then seek the lowest rate being offered by lender
