loans

March 23, 2023 06:23 AM IST

With rates rising, should you prepay your home loan now?

If you have taken a home loan in the last year or two, the rate hikes would have hit you. Consider making part prepayments to better manage your home loan if your finances allow for it. Floating-rate loans work both ways — if you took advantage of a low rate when starting your loan, you should be prepared to pay a higher rate when rates start rising.

Higher spending, missed payments? Your credit card may be cancelled

From a high credit card utilisation ratio to violating terms and conditions, like reward policies, there are several reasons credit card companies can cancel your credit card.

What are conversion charges in home loans?

What is risk-based pricing of a home loan?

Bank of Maharashtra cuts home loan rate to 8.4%

BoM has already waived processing fees for its gold, home and car loans under the festive offer, the lender said.

MC Exclusive | Interest rates on consumer loans unlikely to come down soon: HDFC’s Keki Mistry

In a floating loan, it doesn't make any difference if you take a loan when rates are high or low, said Mistry.

MC Exclusive| HDFC’s Keki Mistry: Cross selling housing loans growth stronger in the bank

The penetration of the housing finance market is just 11 percent in India and there is potential to grow to 20 percent, Mistry said.

Loans worth Rs 7.81 crore disbursed to women SHGs in Latur under Maha govt programme

Loan disbursal to the SHGs is aimed at increasing the income of women and their families by empowering them financially.

Why are home buyers choosing banks over NBFCs?

Most EMIs are being paid on time, but foreclosures have risen slightly: Ambuj Chandna, Kotak Mahindra Bank

Despite the pressure from rising interest rates, Kotak Mahindra Bank’s President – Consumer Assets, says the lender hasn’t seen many loan restructuring requests.

Moody's says Indian banks likely to see improvement in bad loan situation

In recent years, banks have significantly reduced NPA levels aided by an aggressive clean-up exercise initiated by the RBI

Adani plans to repay up to $790 million share-backed loans by March: Report

Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named as they were not authorised to speak to the media.

What are penal charges on loans? 

These banks offer the lowest interest rates on home loans

Housing finance companies steal a march over banks bound by home loans linked to repo rate, offer cheaper home loans

What are stage 3 assets in NBFC?

Despite rate hikes, home loan demand up in Rs 30-50-lakh, Rs 50-75-lakh segments

Repo rate hikes have been passed on to home loan borrowers, which have led to a significant increase in EMIs ranging from 10-25 percent, says Amit Diwan, Chief Distribution Officer, IMGC

G20 host India to propose China, other creditors take haircuts on loans: Report

Two Indian government sources told Reuters of the proposal as finance ministers and central bank chiefs from the Group of 20 prepared to meet in Bengaluru next week. The gathering will be the first major event of India's one-year presidency of the G20, a bloc composed of the world's biggest economies.

Looking for a new home loan? You may have to settle for a lower amount now

Higher interest rates lead to lower home loan eligibility as EMIs increase

Should you prepay your home loan now, after six hikes in policy rate?

The RBI increased the benchmark lending rate by 25 basis points; home loan rates are expected to go up further.

Increase home loan EMIs or tenure: What should borrowers do?

Existing home loan borrowers have two options to cope with rising interest rates. Increasing the tenure doesn’t burden your monthly outgo, but banks might not allow it if the repayment period goes past your retirement age

About to take a home loan? May be prudent to stay with the old tax regime

Budget 2023 offers a number of tax benefits for those who choose the new tax regime. But for those making home EMI payments and claiming house rental allowance, it may make more sense to stick with the old tax regime.

Axis Bank says exposure to Adani Group at 0.94% of total loans

The exposure to Adani Group is primarily to the operating companies in sectors like ports, transmission, power, gas distribution, roads and airports, Axis Bank said.

Credit Suisse’s private bank halts margin loans on Adani bonds

The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd., according to people familiar with the matter, who asked not to be identified discussing private information.

How fintech lenders can earn their customers’ trust

Small loans of up to Rs 50,000 have grown 86 percent between March 2019 and March 2021 amid the proliferation of digital lenders. Apart from making credit easily accessible through technology, digital lenders must think about being transparent.

SIDBI partners with VFS to extend MSME loans

VFS Capital will extend MSME loans upto Rs 5 lakh at 13 per cent interest rate per annum, a top company official said.