There is good news for the small finance banks of the country. RBI on Friday proposed to allow small finance banks to give pre-approved loans through UPI. UPI is a fast real-time payment system developed by the National Payment Corporation of India (NPCI) for transactions through mobile phones. The scope …
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Employed people take the help of home loans to buy a house. Buying a house with the help of a home loan is easy but it is a very expensive method. If you are taking a home loan of Rs 60 lakh at an interest rate of 9.5 percent for …
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Public sector Punjab National Bank (PNB) has given a total loan of Rs 10.64 lakh crore in the second quarter (July-September 2024) of the current financial year 2024-25. From July 1 to September 30, 2024, PNB’s loan disbursement increased by 13 percent to Rs 10.64 lakh crore. Punjab National Bank gave …
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Home Loan Eligibility: It is very difficult for people who leave their homes and villages to work in other cities to buy a house. But it is not that you cannot buy a house by going to other cities. Many banks in the country provide home loan facilities for buying …
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HDFC Bank Home Loan Interest Rate: There is good news for the customers of big private sector bank HDFC. If you are thinking of taking a loan from the bank or have taken a loan, then let us tell you that the bank has revised its Marginal Cost of Lending …
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Understanding Home Loan EMI and Prepayment Strategies The Reserve Bank of India (RBI) recently increased the repo rate, leading to a challenging situation for home loan borrowers, as interest rates have surged by 2.5% or more. This means that if the interest rate rises from 7% to 9.25%, someone with …
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