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What is the role of FOIR in loan applications?
If your FOIR is low, that is, if the amount you need to repay as EMI every month is a small percentage of your loan, you can get a higher loan.
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Do personal loans have unusually high interest rates?
The rate of interest on personal loans is primarily established by financial institutions on the basis of a borrower’s repayment ability.
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9 factors to consider while choosing a personal loan
A personal loan is an unsecured loan offered to the borrower without any collateral against the sum borrowed
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Things to know while availing gold loan to avoid defaults
With the Covid-19 pandemic forcing many to avail of gold loan, there have been rising defaults as many are facing continued stress on their finances.
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Falling short of money for down payment? Here's help
Many homebuyers find properties beyond their reach despite the prevailing low home loan interest rates
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In a first, this bank offers interest-free cash on credit cards
All banks generally charge up to 4% monthly interest on credit card cash transactions.
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HDFC Bank customers need to check out these offers
Under the festive offer, the processing fee for loan against HDFC Bank Securitieshas been reduced to flat Rs 750
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Can enough balance in credit card save you in dire times?
Unlike an emergency fund, which is essentially your savings, the money provided by a credit card is just a loan that needs to be repaid
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Small saving schemes remain good options post-RBI policy
At a time when most fixed income instruments are offering negative real returns, small saving schemes are offering positive real returns
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SBI Yono: How to avail interest rate discount on gold loan?
If you're 18 years and above with a steady source of income, a gold loan is an option worth exploring. Moreover, pensioners can opt for such loans
