ICICI Smart Fix Home Loan: Fixed, Then Floating

Recently, I came across a borrower who had opted for ICICI Smart Fix Home loan. Under this loan product, your loan is fixed rate for a few years (3 years in this case) and thereafter becomes a floating rate loan. Intuitively, such a loan product could be useful if you expect interest rates to go… Continue Reading

Loan Tenure: Keep it Long or Short?

Want to take out a home loan? What should be the loan tenure? 15 years, 20 years, or 25 years. Similarly, what loan tenure would you choose for your personal loan? 18 months, 36 months, or 60 months? OR What is the ideal tenure for a car loan? As always with personal finance, there is… Continue Reading