Home Loan Vs. Mortgage Loan: Know The Difference

When navigating the world of property financing, understanding the distinction between a home loan and a mortgage loan is crucial. Though often used interchangeably, these terms have specific differences that can impact your financial planning. This guide will help you distinguish between them, ensuring you make informed decisions.

Home Loan Balance Transfer: Unlocking the Path to Savings

In the realm of managing home loan finances, a balance transfer facility emerges as a strategic tool for homeowners seeking to optimize their finances. Through home loan refinancing, you can transfer your outstanding loan amount from the existing lender to a new lender, typically to avail of a lower home loan interest rate. 

Bandhan Bank and Tata Motors sign MoU to offer attractive commercial vehicle financing solutions

Kolkata: Private sector lender Bandhan Bank has signed a Memorandum of Understanding (MoU) with Tata Motors to offer convenient financing solutions to its commercial vehicle customers.

Borrowing for consumer durables on the rise; EMI cards remain popular medium of credit: Survey

Mumbai: The trend in borrowing, in the last three years, has shifted from running the household to buying consumer durable such as smartphones and home appliances, according to a study.

Yes Bank looks for buyers to sell its portfolio of distressed corporate and retail loans

Mumbai: Yes Bank is planning to sell another portfolio worth a little over Rs 4,200 crore, ET reported.

Top banks ask fintech partners to limit small ticket loans

Mumbai: Leading banks and non-banking financial institutions in India have reportedly asked their fintech partners to limit the issuance of small personal loans, as disclosed by three banking sources and one industry insider on Thursday, Reuters reported.

RBI cracks whip on peer-to-peer lenders over violation of rules and misselling: Report

Mumbai: The Reserve Bank of India has instructed peer-to-peer lending platforms to halt certain activities after inspections revealed violations of rules and deceptive sales practices, Reuters reported.

How Does Loan Against Property Help A Borrower?

A loan can be a feasible option when someone is facing a financial crisis or needs funds for personal reasons such as medical expenses or expanding a business. A loan against property is a sensible option for those who have property in their name and need substantial funds. This secured loan, as implied by its name, involves using the property as collateral to secure funds provided to the borrower. The lender extends the loan because the borrower pledges their property as security throughout the repayment period.

Things To Keep in Mind Before Taking a Two-wheeler Loan

Owning a two-wheeler in India isn't just a mode of transport; it's a symbol of convenience, freedom, and empowerment. However, the costs associated with purchasing a two-wheeler can often be a financial hurdle. This is where taking a bike loan comes into play, offering a practical solution to help you ride away with your dream vehicle. In this comprehensive guide, we'll unravel the concept of bike loans, walk you through the factors to consider before acquiring one, and empower you to make an informed decision.  

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.

Flipkart partners with Axis Bank to facilitate personal loans for customers

Bengaluru: E-commerce marketplace Flipkart has entered into a strategic partnership with private sector lender Axis Bank to facilitate personal loans for its valued customers, adding additional convenience and enhanced benefits to its 450 million customers.

Tips for a Smooth Home Loan Balance Transfer: Dos and Don'ts

In the case of home loans, the rate of interest offered plays a crucial role in determining the affordability of the loan. High home loan interest rates can easily push one's EMIs into the unaffordable range and amplify the burden of loan repayment. 

The Role of Home Loan Tax Benefits in Affordable Housing Initiatives

Homeownership is a dream for many individuals and families, and governments around the world have recognized the importance of making housing more affordable. In an effort to support affordable housing initiatives, governments often provide tax benefits specifically targeted towards home loans. These home loan tax benefits play a significant role in making homeownership more accessible and financially viable for individuals. In this blog post, we will explore the crucial role of home loan tax benefits in affordable housing initiatives, shedding light on how they can positively impact aspiring homeowners.

7 Ways to Improve Your Credit Score to Get a Good Bike Loan Offer

When you apply for a bike loan, your credit score is one of the most critical factors lenders assess. This is because a credit score numerically represents your credit profile and ranges between 300 - 900. The closer it is to 900, the better your chances of a better offer.

6 Key Points to Consider When Searching for Online Loan Providers

A personal loan can help you tackle any planned or unplanned expenses. One of the biggest advantages of a personal loan is that a personal loan is an unsecured loan. This means that you needn’t furnish any documents or securities as a collateral for your loan. This also means that the turnaround time for a personal loan is much lesser than the turnaround time for secured loans.