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Compared to new cars, used car loans come with much higher interest rates. Depending on the lender, the difference can sometimes be as much as 5%
Joint home loan will not only help you to share the EMI, but also allow you to borrow a higher amount as the income of co-borrower is also factored-in
Here's a round-up of this week's top personal finance stories on Money Matters
Credit cards are like double-edged swords. They're helpful during an emergency but it takes no time for them to become a burden
The vehicle finance segment revived due to normalisation, while commercial vehicle and passenger vehicle loans remained under stress
EMI is a fixed sum of money that is paid by the borrower to the lender of funds at a specified date every month for a certain period of time
Reverse mortgage loan is not a very popular product in India primarily due to low awareness about the product
According to the 20-10-4 rule, one should be able to foot 20% of the on-road price of the car as down payment while booking with 4-year payment plan
Credit bureaus are notified regarding loan closures by lending institutions, ensuring that there are no outstanding obligations in the borrower's name
The pandemic-hit FY21 has seen tepid growth for ARCs, but retail loan portfolio grew faster, adding at least 25% more to AUM