EMI is a common household term today, as more and more people are availing different kinds of credits to meet their financial needs. The same is applicable to outstanding amounts in credit card dues which the customer may find difficult to pay in one go. Is the EMI facility on credit card payments a good… Read More »
Buying a home is indeed a dream come true. And with a home loan, this dream is not beyond the reach of individuals today. However, depending on your income and credit rating, you will be eligible for a certain maximum loan amount from the bank. What if your dream home demands a slightly higher loan… Read More »
The May review may see the Repo Rate hitting a three year low, as the apex organization for monetary policies, the RBI, is expected to bring it down for third time in the year The Reserve Bank of India realizes the need to support the various economic activities, so as to help them sustain in… Read More »
The much anticipated and waited RBI’s Annual policy announcement happened today. With inflation and current account deficit dipping, the expectations of a rate cut were ripe. The Reserve Bank of India’s Macroeconomic and Monetary Developments for 2012-13 announced yesterday adopted a hawkish stance and said that the room for monetary easing was limited, as decreasing… Read More »
Car loans in India have undergone widespread in the past few years with the financiers evolving new and innovative loan products in an attempt to attract more customers. There are various kinds of customized car loans available in the market which will suit differing requirements of the borrowers. In addition to the different car loans… Read More »
The gold lending business once considered to be one of the safest financial assets has come under a cloud following the recent correction of gold prices in the international market. Gold prices have dropped 12% in the past fortnight to touch two-year lows. Such steep correction in gold prices is worrying investors as well as… Read More »
Rate Cuts Now a Realistic Possibility, Due to Decline in Inflation and Commodity Prices The subsiding inflation levels and the significant reduction in commodity prices, has raised the chances of a rate cut by the RBI significantly, improving the market sentiment The inflation levels have finally come down below 6%, which is its lowest in… Read More »
Prepaying a loan when there is some amount of additional funds at hand is a good idea but it does require one to carefully analyze the implications in terms of interest saved and opportunity missed. The basis of any such calculation should be what are the short term as well as long term consequences of… Read More »
Remember it is not a wise thing to keep applying for a loan without any rhyme or reason. If your loan application gets rejected, this is also recorded in your CIBIL record. So weigh the pros and cons before you apply for a loan simultaneously to different banks. Wait till you receive an offer before… Read More »
The supreme monetary authority of India, seems to be shifting its focus to the revival of growth, and is taking steps in the relevant direction. It hasn’t been much time since the first cut of 0.25% in the repo rate was implemented, and the RBI is already contemplating another cut of the same proportion in… Read More »