HDFC Ltd. merged with HDFC Bank effective July 1, 2023, and thus HDFC Ltd. ceased to exist from July 1. Does that affect the home loan borrowers from HDFC? What Happens to the Existing Home Loan Borrowers with HDFC? HDFC Bank has released FAQs for the existing HDFC home loan borrowers and loan applicants. You… Continue Reading
Bajaj Housing Finance has extended the tenure of its home loan products for new borrowers up to a maximum of 40 years. We are not used to seeing home loans of 40-year tenure. Before this, the maximum I had heard was 30 years. So, that’s a sharp jump. I don’t want to go into specifics… Continue Reading
Every lender claims to offer the “Best Personal Loan”. Fair enough. “Best” is anyways subjective. No one knows what aspect of the personal loan the bank is referring to. Well, according to you, what shall be the features of the “Best personal Loan”? In this post, let’s find out. While we are discussing the “best”… Continue Reading
Starting July 1, 2023, using your credit card abroad will involve a cashflow hit. From July 1, there will be Tax Collection at Source (TCS) of 20% on credit card payments while travelling abroad or on foreign websites. Essentially, when you swipe your credit card for USD 100 abroad, your credit card will be charged… Continue Reading
Convenience is important. However, many a times, we take it too far. Recently, I read you can use Rupay cards (debit/credit/prepaid) to make online payments without having to enter CVV. And if you have auto-read OTP feature enabled on your phone, the purchase becomes a breeze. So, you are on the Amazon/Flipkart app, you add… Continue Reading
Human ingenuity knows no bounds. And if allowed to operate freely, many of us would behave irresponsibly and misuse/abuse the system to get undue advantage. Let us consider a hypothetical situation. We know credit cards allow an interest-free credit period. You have a credit card from Bank A. Let’s call this credit card A. You… Continue Reading
Credit card frauds — nobody wants to experience one. However, there is no dearth of charlatans who want to pull one over on you. In the past, I have written many times about how to prevent credit card frauds. But this is an evergreen topic and it never harms to revisit some of the common… Continue Reading
I come across a new credit card launch every few weeks. I usually do not pay much attention to these new cards. After all, how many credit cards can you own? However, if I come across a co-branded credit card by a merchant/retailer/brand that you extensively use or browse, it is difficult to ignore such… Continue Reading
ICICI Bank has launched an EMI facility for UPI payments under its ICICI PayLater product. With this, you can scan a UPI QR code from the UPI app and purchase using an instant EMI facility. So, you purchase an item worth Rs 15,000 and instantly convert this into 3 EMIs of say Rs 5,200 each.… Continue Reading
How do you make UPI payments? 3 broad ways. Link bank account to a UPI app: Your account gets debited, and the merchant/peer account gets credited. You can only spend the money in your account. Link RuPay credit card to a UPI app: Not Visa, not Mastercard. Only Rupay card. You get credit for UPI… Continue Reading