The Reserve Bank of India (RBI) recently conducted a monetary policy review (MPC) and decided to cut the repo rate by 25 basis points to 6.25 percent. This reduction will lower interest rates on home loans for both existing and new borrowers, providing an opportunity for refinancing at a more favorable rate. Home loan refinancing, … Read more
Many people dream of pursuing higher studies abroad. However, with the rupee depreciating to a record low against the dollar, paying tuition fees has become a significant burden, even for wealthy families. In this context, taking an education loan can be a viable option. If you plan to take one this year for studies abroad, … Read more
Many people dream of owning a home, and achieving this dream often involves hard work and dedication. Most individuals save a portion of their salary each month to prepare for purchasing a home. Once they accumulate enough savings, they apply for a home loan from a bank or non-banking financial company (NBFC). If approached differently, … Read more
The State Bank of India (SBI), the country’s largest public sector bank, has launched a unique loan scheme for women called ‘Asmita.’ This initiative, introduced on International Women’s Day, aims to provide financial assistance to women-run Micro, Small, and medium Enterprises (MSMEs). Through the ‘Asmita’ scheme, women traders and small entrepreneurs can access loans at … Read more
Are you a government employee looking for a loan option? The TGLI (Telangana Government Life Insurance) loan might be your solution. The TGLI offers loans to its policyholders, which is different from the General Provident Fund (GPF) loans in terms of eligibility, interest rates, and repayment options. If you are a policyholder and want to … Read more
The Andhra Pradesh Government Life Insurance (APGLI) Department has provided guidelines for sanctioning APGLI loans in 2024. This financial assistance is available to the Andhra Pradesh government employees who hold an APGLI policy. The APGLI loan is a secured loan, with the employee’s policy acting as collateral, and it is an attractive option due to … Read more
Many people wait for pre-approved personal loan offers. Once they learn that others have received such offers, they often contact their bank’s customer care to inquire about their eligibility. But what exactly are pre-approved loan offers? What benefits do they provide? How can you qualify for these offers? Let’s explore this topic in detail. Emails, … Read more
Owning a house is a dream for many, and many work hard to achieve it. Some individuals apply for home loans while their houses are still under construction. Here are some key points to consider when applying to this scenario: Application Process: A home loan for a property under construction is possible. When applying, ensure … Read more
Owning a home is a significant milestone for many in India, but the journey to homeownership can be challenging. There are numerous hurdles to finding the perfect property and saving enough money. Fortunately, several banks and financial institutions now offer home loans, making it easier for individuals to achieve their dream of owning a home. … Read more
Adults often say, “Get married, build a house.” This saying highlights the importance of having a home in life. Recognizing this significance, banks are offering home loans with attractive interest rates. So, what are the qualifications for obtaining a home loan? How much interest should you expect? Let’s explore the details. A home loan is … Read more