The Economic Times
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| 09 August, 2020, 02:35 PM IST | E-Paper


    Wealth management during crisis

    How to check your credit score

    It is important to know your credit score while applying for a loan from a bank or any other financial institution.

    Don't forget these 5 points about RBI's EMI moratorium

    Three months moratorium on loans by RBI means that borrowers can skip their monthly instalments which are due from 1 March 2020 to 31 May 2020. Essentially, the EMI instalments get defered

    What are Covid-19 personal loans?

    The interest rate on a COVID loan is lower than a personal loan and can vary from 8%-15% per annum. The loan term varies from 6 months to 5 years.

    What are the legal liabilities of a loan guarantor?

    What are the legal liabilities of a loan guarantor?

    The amount for which you will stand guarantee will reflect in your credit report as an outstanding liability. Hence, understand the legal implicatio

    Should you take loans linked to benchmarks other than repo rate? Which banks offer these?

    According to the RBI Monetary Policy Report, 36 banks out of 62 banks have adopted repo rate as an external benchmark whereas six banks have adopted the market-based benchmarks such as CD rate, 3-month treasury bill etc.

    Should I switch my SBI home loan to a repo rate linked loan by paying Rs 5,900?

    The borrower has SBI Max Gain home loan at 8.55 per cent under the MCLR option.

    How interest will be calculated if you opt for moratorium on credit card dues amid Covid lockdown

    Normally, one can defer payment by paying 'minimum due amount' and roll over the balance outstanding amount to the next month. In this process, the unpaid amount is carried forward to the next billing cycle and 2-4 percent interest is levied on it.

    5 things to know about 3-month EMI moratorium offer by RBI

    The 3-month EMI moratorium offered by the Reserve Bank of India (RBI) includes all term loans like home loans, personal loans, credit card dues etc.

    EMI moratorium: What to keep in mind before you opt for this relief

    EMI moratorium: What to keep in mind before you opt for this relief

    The Reserve Bank of India had announced a 3-month moratorium on term loan repayments as part of its economic relief measures against the COVID-19 crisis. The moratorium is applicable to al

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