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Should you take a loan to buy a big car?

Buying a big car requires a large investment. An expensive car means tying himself/herself to higher obligation of EMIs for a longer period, which can mean trouble. This is why one needs to evaluate whether he/she is comfortable with such a decision.

Why you should not take loan against PPF account

As per new, revised rules, the interest rate on a PPF loan is charged at one percent per annum.

The events that led to external benchmarking of loans and what borrowers should do now

The year 2019 saw the shift in the way interest rates loans to be charged. The Reserve Bank of India announced that with effect from October 1 interest rate on all new floating loans has to be linked to any of the four external benchmarks.

5 things to know about virtual credit cards

A virtual card may be available to non-credit card holders too. In their case, the virtual credit card will be linked to the debit card or the account.

8 credit card misconceptions versus the reality

8 credit card misconceptions versus the reality

Credit cards offer free credit till the end of the 30-day billing cycle and the payment is due in about three weeks. Also, credit card debt is the c

Unable to pay home loan EMIs? Here is what you can do

Banks and NBFCs have the means to recover their dues one way or the other if the loan is not paid by you.

Should you prepay your education loan before the repayment period of 8 years?

The deduction is allowed for eight years or until the interest is paid in full, whichever is earlier. Further, there is no upper limit on claiming this interest deduction.

Bad credit history? You can opt for a payday loan but read this first

A payday loan is an ultra short-term borrowing meant to help the individual tide over a temporary crunch.

Top 5 banks' home loan interest rates

The Reserve Bank of India has directed banks to link their lending interest rate to an external benchmark rate such as repo rate. The aim is to provide greater transparency and faster transmission of changes in the policy rates.

Home loan interest rates linked to repo rate

Home loan interest rates linked to repo rate

Here are the interest rate on home loans charged by the banks under the external benchmark regime. The interest rate is liked to the RBI repo rate.

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