Guides and updates to help you borrow smarter.
Current house loan customers insist on transparency and predictability in fluctuating interest rates. This is changed by the External Benchmark Lending Rate (EBLR) which directly relates interest to the public market rates such as the RBI repo rate, which changes quickly and clearly. This system
Banks can earn good returns by keeping surpluses with the Reserve Bank of India (RBI) at the reverse repo rate, which currently stands at 3.35%. The increase in the RBI reverse repo results in the withdrawal of liquidity in the system. Hence, banks will have
There are also sudden financial requirements of homeowners, such as renovations or school fees. An additional loan against an existing mortgage is a clever solution to gaining additional funds without registering a new mortgage loan. Top up loan has gained popularity in India because of
Does it make you want that new car but worry about how to pay for it? Your CIBIL score plays a big part in whether you can get a car loan and what the interest rates and terms are. In India, a CIBIL score for
The debt consolidation companies in India are changing the way individuals deal with excessive debts they owe on credit cards, personal loans, and so on. These companies provide several premium payments in a single low-cost EMI in an organized manner. It enable borrowers to take
The personal loan sector in India is experiencing significant growth, projected to reach Rs. 8 trillion by 2026 with a 10% CAGR driven by digitalization and millennial spending. Small loans, particularly personal loans of Rs. 50,000, are leading this trend, catering to emergencies and lifestyle
A Rs. 30 lakh home loan EMI represents the right mix to most Indian home buyers wanting to own a house that is comfortable but does not overstretch their financial limits. It is priced at low EMIs, which begin at about Rs. 20,000 per month
Commercial property loans are in high demand as companies and investors are in need of office, retail space, and mixed-use developments to realize sustainable development. The loans are used to buy property that will make money in the long run by renting it out. This
Home loans of one crore have become a standard practice; it is the choice of many urban residents who want to own top-quality properties in booming cities like Mumbai. Individuals with high salaries who want to live in fancy houses make it possible for those
The CIBIL score is a financial report card that lenders check before they grant a home loan. It is between 300 and 900, with the higher figures indicating good repayment patterns. Understanding the required CIBIL score for securing a home loan helps improve planning, access
Obtaining a commercial vehicle loan would make business dreams come true among transporters and fleet owners in India. The interest rate on a commercial vehicle loan affects both the monthly EMI and the total amount that needs to be paid back. This is generally what
In India, making about 40,000 rupees a month means you can actually buy a house, but you will need to prove to lenders that you can pay back the loan before they give you one. Estimating how much home loan I can get on 40000
