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.
As per new, revised rules, the interest rate on a PPF loan is charged at one percent per annum.
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.
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.
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
Banks and NBFCs have the means to recover their dues one way or the other if the loan is not paid by you.
A payday loan is an ultra short-term borrowing meant to help the individual tide over a temporary crunch.
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.
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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