LIC Housing Finance Hikes Interest Rates
LIC Housing Finance has increased its interest rates in some of its schemes and created a separate slab for loans above Rs. 75 lakh following the tightening in home loan lending norms.
SBI raised €750 million through bond issue
Recent news reports said that State Bank of India has raised €750 million through a five-year bond. Reports say that this is the largest bond issued by an Indian company.The bond will mature on November 30, 2015 and will offers yield of 4.601 per cent.
The awesome power of compounding!
You will notice that the more you delay, the more you need to invest, hence it makes sense to consistently set aside about 10% of your monthly income for your retirement fund. This will mean your savings will increase correspondingly with your income, enabling you to grow your funds exponentially.
All About The Banking Ombudsman
Looking to file a complaint against poor services offered by your bank? Time to get in touch with the Banking Ombudsman.
On renovating your home
Remember that to build additional rooms, plan a terrace etc. you need to get the approval of corporation authorities and other construction regulatory bodies. You can avail tax benefits under Section 24 for obtaining a home loan for renovating your existing home.
A look at car trends worldwide!
Japan’s Mazda Motor recalled nearly 90,000 passenger cars domestically and in China due to an oil hose defect. The automaker, which is part owned by US giant Ford, will recall 35,181 units in Japan and some 54,000 in China. The cars produced from January 2006 to March 2009, have been recalled.
How can you benefit from a top up loan?
A top-up loan basically allows you to avail a loan amount on the value of the property of the home you are paying a home loan for. You can avail a maximum top-up loan of about 60% of the property’s market value. The usual loan tenure is about 10 years and is offered only a… Read More »
How to take stock of your household expenses
Managing a budget for your household is more than just keeping track of all the expenses for the month. It is a chart of how much income there is, how much will be spent, and what can be saved. The idea of the budget is to broadly plan for living within your means. A budget… Read More »
Credit cards losing out to prepaid cards
Banks and financial services companies are moving their focus from credit cards to prepaid cards.
Demand for loans increases sharply in September
Demand for loans has gone up sharply in the fortnight ending on September 10. This rise in demand is a good sign after 2 months of slow growth.