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
You have a home loan from HDFC? In April 2022, it was announced that HDFC will merge into HDFC Bank. You may ask, aren’t these the same? No. HDFC and HDFC Bank are different entities. HDFC is a housing finance company (HFC) and is the promoter of HDFC bank, the bank. If you are still… 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
You need quick funds. You do not want to break your head to optimise your selection. Usually, in such cases, you approach your bank and see if it can give you a quick loan. In this post, let’s review a loan that is instantly available if you own a HDFC Bank credit card. By the… Continue Reading
Recently, I checked into a bicycle store to purchase a bicycle for my daughter. I noticed there were a few bikes for adults whose cost were as high as Rs. 1.8 lacs. To be honest, I didn’t know that bicycles could be that expensive. I believe those were models for racers, endurance cyclers or those… Continue Reading
In many of our earlier posts, we have considered big ticket loans (car loans, home loans etc). However, those starting their professional careers or those who have just stepped out of college may not really be looking for such big-ticket loans. They may be looking for much smaller loans to purchase products for lifestyle, convenience… Continue Reading
We have discussed several ways of raising funds in times of need. We have talked about many other ways of raising quick funds such salary loans, personal loans, gold loans, loan against securities or mutual funds. In this post, let’s look at another way of raising funds in times of need — Loan Against Car. I am not… Continue Reading
You need an education loan for higher studies. To be on the safer side, you want to apply to multiple banks, but the effort required to make multiple applications scares you. Here is a fine solution for you. The Government of India has launched a portal “Vidya Lakshmi”, where you can search for loans and apply to… Continue Reading
It is not very difficult to get a personal loan if you are a salaried employee. Not so easy for others. There are professionals who started their practice a few years back and need a loan to expand their practice, redo their office or anything else. For such professionals, there are specific loan products to… Continue Reading
Recently, I watched an ad from Flipkart about Debit Card EMI. This sounded a bit strange to me. Typically, you would associate EMI with a credit card or a loan. Getting a credit card is not always easy. Your credit card application can get rejected for various reasons. A bad credit score is a common… Continue Reading