The Reserve Bank of India releasing its third quarter monetary policy has today announced a reduction in the repo rate and cash reserve ratio by 25 basis points. The new effective repo rate for the third quarter is now fixed at 7.25% while CRR rate has revised to 4%. This move is likely to… Read More »
Senior citizens. A lovely word coined by the government to describe elderly people of the country. Whether they get the respect needed to be given to a “Senior” is a matter of perpetual debate.
Gold has a certain element of emotional value for all Indians. Taking personal loans against family gold had not been considered as a preferable option till late though the tradition of loan against gold had been in practice since centuries through unorganized money lenders. The value of gold has been on the rise for… Read More »
The option of personal loans is a great tool to raise money at short notice without much hassles of documentation. The processing time is very less which makes it even more tempting option to avail when there is an urgent requirement of cash at short notice. The exact amount of money that one should… Read More »
The current economic turmoil in US and European nations have led to a sharp fall in property prices there making them extremely lucrative for non-resident Indians as well as resident Indians to invest in. More and more Indians are opting for offshore properties as a second home in exotic locations.
Most customers fail to notice the clauses mentioned in the fine print of a home loan and thus end up paying several hidden costs during the repayment period which is never mentioned to them at the time of taking the loan. The net increase in the total amount repaid can go up substantially on account… Read More »
The popularity of used cars has increased significantly over the past few years and has in fact exceeded the number of new cars being bought every year. Since the car is an ever depreciating asset many people find it financially sound to go for a used one rather than invest in a new one. In… Read More »
The home loan is the most common credit that is available and disbursed all over the country to millions of applicants. Most of the banks require similar documents for providing the home loans which are guided as per directives issued by the Reserve Bank of India. The approval of the loan depends hugely on the… Read More »
Personal loan is one of the easiest and quickest means of raising capital without too much of documentation required. But due to its very nature of being unsecured the interest rates on personal loans are the highest as compared to other forms of loans and credits. Thus one must dwell deeply on the circumstances… Read More »
Deciding the right repayment tenure is important a factor a factor as choosing the right rate of interest to suit your requirements. The repayment tenure in a home loan is a critical factor since the long period involved will substantially increase the total cost of the property being bought with the loan. The fluctuations in… Read More »