Taking a student loan is a difficult decision. At the same time, the most common question that students ask us if they should take the leap or not. Several aspects should be considered. Here is a summary of FAQs (please note, this applies to Indian students taking loans for domestic education) that should help you…Continue reading →
Following the Supreme Court’s direction, the government came up with a scheme to waive off interest on interest during the 6 month moratorium period for eligible loans. As per the scheme, the lending institutions shall credit the difference between compound interest and simple interest to his account whether the borrower has availed the moratorium fully,…Continue reading →
RBI has notified the scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.3.2020 to 31.08.2020). Why was this done? Will you benefit? About the author: Anjesh Bharatiya is a 30+ taxman by profession and a Chemical Engineer by education….Continue reading →
Credit Score is a number given to an individual/company to assess their creditworthiness. This is calculated to help the banks to decide whether the borrowers are capable of repaying the money on time. This article on credit score is meant for newbies. The factors that determine a CIBIL score calculation are explained with ways to…Continue reading →
Use this free EMI Moratorium calculator to understand how much extra interest you will have to pay if you opt for the three-month EMI holiday offered by your bankContinue reading →
A FAQ of the EMI moratorium announced by RBI on 27th March 2020. Should you opt for this?Continue reading →
Why the govt needs to avoid panic and stress among investors while handling unhealthy banks and why deposit insurance has limited practical useContinue reading →
How does No Cost EMI work? Is there a catch involved? What is the cost? Is it worth going for? Let us find out with an example.Continue reading →
- PMC Bank depositors have been affected by RBI restrictions after a Rs 4,355 crore scam came to light.
- Five depositors have died after RBI imposed withdrawal restrictions on PMC Bank.
- This could happen to us too! What are the lessons to be learnt from this?
From October 1, 2019, RBI has made an external benchmark based interest rate mandatory for certain categories of loans. What does this mean? How will this impact you? Let us find out starting with the basics. What does an external benchmark based loan mean in simple terms? The interest rate on your home loan/car loan/personal…Continue reading →