EMIs on loans set to increase as SBI hikes lending rates by 10 bps across tenures
New Delhi/IBNS: India's largest public sector lender State Bank of India (SBI) has announced a rise in its marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (0.1 percent) across all tenures.
RBI issues guidelines to recalibrate floating rate loan EMI
Mumbai: The Reserve Bank of India (RBI) on Friday released comprehensive guidelines for the recalibration of interest rates for equated monthly installments (EMIs) in floating interest loans.
SBI, BoB increase lending rate by up to 0.1 pc
State Bank of India (SBI) and other major lenders including Bank of Baroda (BoB), Axis Bank and Kotak Mahindra Bank are increasing their benchmark lending rates by up to 0.10 per cent.
How Does an EMI Loan Calculator Work? What are The Main Features?
Personal loans are a versatile financing option. It can help you cater to urgent cash needs like a medical emergency or a business crisis. You can also use the funds to meet high-end expenses like an international trip, home renovation or a foreign degree. The loans are usually unsecured. You do not have to provide collateral. All you have to ensure is a good credit score to get the loan application approved. But, before getting a personal loan, have a clear idea of the EMI. Here’s why:
Bajaj Finserv launches#EMINetworkPowerplay campaign
The digital campaign has received an overwhelming response with more than 20k participants signing up to play and win in the past 10 days
What arethe Effective Ways to Reduce Home Loan EMI?
The housing credit sector in India is rising at a compound annual growth rate (CAGR) of 18%. The key reason behind this growth is the easy availability of affordable homes all across the country with schemes like the Pradhan Mantri Awas Yojana (PMAY).
In the Market for a New Place to Call Your Home? Here Are 5 Crucial Mistakes to Avoid
When it's time to upgrade or downsize to a new home, it can be one of the most exciting times when you and your family get to start this new chapter of your life. However, while exciting, it can also be very stressful, especially when there's so much to think about, and the chances of making a mistake can be high. However, if you're aware of what the common mistakes are, you can actively avoid them, overall ensuring you're giving yourself the very best experience possible. Today, we're going to explore five of the most common mistakes that can be made, detailing everything you need to know to give yourself the best experience!
A Few Factors You should Consider at the Time of Transferring Home Loan
A home loan is a long-term commitment, as its repayment spans decades. Therefore, to make sure the task on hand is as convenient as possible, it’s important to keep a track of interest rates that competitors are offering all through the tenor, as you can apply for a home loan balance transfer if need be and make the loan more affordable even once you begin repayment.
Rising Home Loan Rates: How Home Loan Transfer can Help You
Want to pay a lower rate on your existing home loan? You can opt for the home loan balance transfer facility online now.
What is EMI and How does One Calculate It?
Being a renowned term, many people are still unaware of the significance and the meaning of EMI. Equated Monthly Instalment (EMI) is a term which each individual gets associated to when he/she plans to take a loan or issue a credit card. Although, the word might sound a little one but has a broader aspect when it comes to practical life. However, if not known right, the term can turn into a nightmare.