Page 4 - Emi

Axis Bank to waive 12 EMIs on select home loans under festive offer

Private sector lender Axis Bank on Tuesday announced waiver of 12 EMIs on select home loan products, and discounts on various online purchases as part of its festival offer. Axis Bank is offering waivers of 12 EMIs on select home loan products and providing on-road finance without any processing fee for two-wheeler customers, it said in a release. For business owners, it will offer several benefits on term loans, equipment loan and commercial vehicle finance. Announcing the launch of 'Dil se Open Celebrations : kyunki Diwali roz roz nahi aati', the bank said it will offer deals and discounts on shopping in restaurants and other retail loan products on purchases made through Axis Bank debit and credit cards. Customers will be offered up to 20 per cent discount on purchases from select 2,500 local merchants across 50 cities. The bank customers will get discounts up to 20 percent on shopping from these stores. "This festive season we have partnered with esteemed brands and also the l

How new auto-debit rules that require customer consent will impact you

All kinds of recurring or auto-debit payments now require the customer's consent before they are cleared, mandate RBI's new rules. What does this mean and how will it impact you?

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

NPAs set to see a sharp jump this year amid Covid-19 pandemic: Experts

Of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, would turn into NPAs

Facing credit card woes amid pandemic? Look for lower-cost credit options

Defaulting on card dues could restrict access to credit in future

Are you eligible for refund under interest waiver scheme? Check new rules

The government clarified that borrowers will be entitled to get a refund on an aggregate sum of Rs 2 crore borrowed from the banking system,

The actual cost behind 'no-cost EMI': Popular shopping option decoded

What is zero-cost EMI? While we shop online on Flipkart and Amazon, we come across an option of no-cost EMI. Retailers offer such schemes in festival season, especially on products like mobiles, electronic appliances. But, does no-cost EMI really mean that there is no interest involved? In this video, we will decode the term and explain in detail about this offer and things you should keep in mind while shopping online.

Loan moratorium case: SC grants Centre, RBI a week to file affidavits

The development comes as the Centre is set to formulate a scheme to waive compound interest for small borrowers during the six-month moratorium period

Govt to waive compound interest during moratorium for some loans: Report

Report says government's decision will benefit those clearing their dues on a variety of loans between March and August

Man arrested for duping over 2500 people by offering phone on EMI

A 32-year-old man was arrested from Ghaziabad for allegedly duping over 2,500 people on the pretext of getting them mobile phones on EMI through fake websites

SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit

The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration

Waiver of EMI interest against basic canon of finance: Centre to SC

Waiver of interest on deferred EMIs during the moratorium period would be against the basic canons of finance and unfair to those who repaid loans as per schedule, the Centre told the Supreme Court

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

Tata Motors announces six-month EMI holiday scheme on select models

The automaker said it is also offering affordable, step-up EMIs on long-tenure loans of up to eight years through its association with multiple financing partners

Interest rate waivers for loans during moratorium to harm depositors: AIBDA

It further added that historically, the sovereign covered the loan interest waivers, but in the current situation, a shortfall in revenues both at the Centre and state level will not permit the same

Opting for EMI on health insurance premiums? You may end up paying more

This is because insurers are levying a nodal charge of 3-4 per cent on premium paid through instalment

SC seeks finance ministry's reply on waiver of interest during moratorium

The top court said there are two aspects under consideration in this matter no interest payment on loans during the moratorium period and no interest to be charged on interest

Extension of moratorium on loan repayment to affect liquidity: Icra

In March, RBI had announced a three-month moratorium on loan repayments due between March 2020 and May 2020. Last month, the central bank further extended the moratorium by three months

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials