Who does not want a few of their home loan EMIs to be waived off? I am not speaking about the EMI moratorium scheme introduced due to Covid crisis in 2020. Under the moratorium scheme, EMIs were just postponed and not waived. Here, I am talking about Axis Shubh Aarambh home loan product, where the… Continue Reading
CRED, a fintech player that simplifies credit card bill payments, has launched a product CRED Mint, where CRED members can earn up to 9% per annum. This is how it works. You invest your money in Cred Mint. The product is powered by LiquiLoans, a P2P-NBFC player regulated by the Reserve bank of India. Your… Continue Reading
Editor’s Note: Poornima had written a quick short post on SBI Kavach Personal Loan earlier. Below is a more in-depth article on this product from Deepesh Raghaw. Its rare that lenders offer good loan products to customers in times of distress/need. The more we know about such a good product, the better. If you still… Continue Reading
I read about an interesting product in The Hindu Business Line about “Design your EMI” home loan product from Godrej Housing Finance website. The said article was in fact a press release. What Is the Claim? In the product, you can choose your own repayment schedule. I copy a few statements from a senior official… Continue Reading
We had written about COVID-19 Personal Loan from Public Sector Banks earlier. These loans were not necessarily meant for covid medical expenses. Now, there’s some good news for all SBI customers (including salaried, non-salaried and pensioners). SBI is offering Kavach personal loans to its customers who are facing the cash crunch during this pandemic specifically… Continue Reading
Flexible car loans provide flexibility to the borrowers in loan repayment. Usually, the flexibility translates to lower EMIs upfront or some concessions during the loan tenure. The loan repayment does not have to happen through equated monthly installments (EMIs), where you pay the same amount every month to the borrower. The lenders can always structure… Continue Reading
If you are a woman entrepreneur in need of funds for your business, there are a few loan schemes that you can take recourse to. We discussed one such scheme Stand up India in an earlier post. Under the scheme, women entrepreneurs can take loans up to Rs 1 crore. The loans under Stand up… Continue Reading
It is not easy to get a home loan after you have retired. The obvious reason is uncertainty about borrower income. However, there are many retirees who get regular pension. There is no income uncertainty about their income. Is there a home loan product targeted at such investors? Yes, LIC Housing Finance has Griha Varishtha Home… Continue Reading
Paytm has launched a feature where you can pay your house rent using your credit card. Usually, we pay house rent through cheques or direct bank transfers. No credit involved. The credit card feature is interesting. From Paytm’s perspective, this feature makes good sense. House rent payment is one of the biggest monthly recurring payments.… Continue Reading
IDFC First Bank is launching credit cards where the borrowers will have to pay only 9% p.a. as Annual percentage rate (APR) or the interest rate. This comes as a healthy surprise since we are used to 36%-40% p.a. APR on credit card debt. If you are new to this terminology, 36% p.a. APR means… Continue Reading