The State Bank of India will accept loan restructuring request for retail and corporate loans through a digital platform that will be live from September 24....Read More
Union Bank Cuts MCLR by 20 bps; Lower Home Loan EMIs from July 11
Good News for Home Loan Customers. Now Union Bank of India has announced a steep cut of 20 basis points in its marginal cost of funds-based lending rate (MCLR) across tenors. The new interest rates will be...Read More
Why Your Credit Score Might Drop, Despite Paying EMIs During COVID Times?
2020 has so far been one of the most challenging years for our finances as well as health. People all across the globe are grappling to stay put under lockdown....Read More
Should You Opt for Moratorium 2.0? Know the Cost of 6 Free EMI Months
The Governor of Reserve Bank of India today announced RBI’s grant to banks & financial institutions for extending EMI moratorium for another 3 months to facilitate some liquidity relief to borrowers. ...Read More
RBI’s Rate Cut by 40 Basis Point: Impact on Loan Borrowers & Fixed Deposit Investors
Shaktikanta Das, governor of the Reserve Bank of India, announced a cut in key policy rates today. The rate cut came after the central bank advanced its scheduled monetary policy meet from the first week o...Read More
COVID19 Fallout: RBI Cuts Repo Rate by 40 bps, Lending Rates May Fall Further
Advancing monetary policy committee meeting, the Reserve Bank of India slashed repo rate by 40 bps to 4% on Thursday. The reverse repo rate is set at 3.35%....Read More
RBI’s Bazooka 2.0: Impact of Reverse Repo Rate Cut on Loans & Fixed Deposits
Bringing on enough liquidity relief for commercial banks, NBFCs, and HFCs, the RBI Governor ShaktiKanta Das on Friday has announced a package worth Rs 1 Lakh crore....Read More
How to Buy a House without Having Money for Down Payment?
As per the Census 2011, in India, only 69% urban households own a house. If you fall under that percentage, congratulations to you, and even if you don’t, there’s nothing to worry. With housing finance...Read More