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When you take a home loan, you spend a substantial amount of your monthly earnings in paying off the instalments.
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The minimum rate of interest that one would have to pay on HDFC Bank home loans is 8.70 per cent. While, on auto loans borrowers would have to pay minimum of seven per cent rate of interest
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Data from Sa-Dhan that conducts research on impact financing institutions show that the galloping pace of growth helped the MFIs increase their share of the portfolio to 41.3% of India’s entire microfinance market. It was a mere 35% just about a year ago.
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Before making you an offer, banks evaluate your financial situation and ability to repay the loan based on any past loans you may have taken or on how you handle your credit cards
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The online 'Consumer Sentiment Survey' was conducted among a sample size of 5,218. It revealed that prospective buyers clearly demonstrated an inclination to go for mid-range and premium homes.
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For most credit cards, you just have to download an app. If you want to close your FD, even if you want to deactivate the card, you can do it easily. You can do this through the app.
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The Reserve Bank of India allows lenders to provide 80 percent of the property’s value as a home loan which amounts above ₹30 lakh, while the buyer has to manage the remaining 20 percent from her/his own pockets.
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Banks give loan for buying properties in resale market, but, before sanctioning the loan amount, banks conduct many types of investigations. How is the loan amount decided?
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Reserve Bank Governor Shaktikanta Das said the lenders will have to clearly communicate with the borrowers about tenor and EMI
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Despite being expensive, demand for loan is rapidly increasing in the country. People are taking home loans fiercely to fulfil their dream of owning their own house. To attract customers, banks are offering new types of loan options.
