Ask Your Bank for a Lower Interest Rate Today!

The interest rates have been going down for over a year now. I have written many times about how banks and housing finance companies are reluctant to pass on the lower rates or move you to a more transparent interest rate regime (Base Rate to MCLR or MCLR to Repo Rate Linked loans). Even if… Continue Reading

Merchant EMI vs. Credit Card EMI

You plan to buy an expensive phone from Flipkart or Amazon. You do not have the free cash to buy the phone outright or settle the credit card dues in a month’s time.  What can you do? You can buy the phone on EMIs. You have two options. You take the EMI offer available on… Continue Reading

HDFC Bank Insta Jumbo Loan — Our Review

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

EMI Moratorium Math Explained

22-May Update — RBI has extended EMI moratorium on all term loans by another 3 months till 31-August-2020. The Reserve Bank of India had announced a 3-month EMI moratorium as a Covid-19 regulatory package in March 2020. In a previous post, we discussed if you should opt for such a moratorium. The crux was that, if… Continue Reading

Changes to PPF Loan Rules

In an earlier post, we had discussed a quick and cheap way to get a loan, Loan against your PPF account. Even though the loan window is open for only a short period and the loan amount is not likely to be very big, a PPF loan is an option if you are looking for… Continue Reading