Tag: EMIs

Factors to keep in mind before availing EMI conversion facility on credit card

NEW DELHI: Credit card users often find themselves unable to repay their bills before the due date. In such cases, credit card issuers sometimes allow...

Two easy ways to decide on a budget for a new car

NEW DELHI: Car loans have made it expensive cars affordable. Auto loans increase affordability, but it’s always better to arrive at a budget based on...

Soon, you can get salary and pay EMIs on bank holidays

Whenever your EMI falls over the weekend or banking holidays, the lender debits your bank account either a day earlier or on the next business...

New loan restructuring policy offers more clarity to borrowers

The Reserve Bank of India’s (RBI’s) new policy on the restructuring of loans nudges lenders and card issuers to be more transparent and fixes timelines...

The truth behind no-cost EMIs

NEW DELHI: There’s nothing as satisfying as having your cake and eating it too. No-cost EMIs (equated monthly instalments) come closest to the experience for...

A young entrepreneur documents his struggles with EMIs and loans

As the second covid wave makes its way through India, Mint speaks to people across the country on how they are saving, spending and coping...

Unable to pay credit card bill before due date? Here’s what you should do

Failing to repay the entire credit card bill before the due date will incur finance charges on the unpaid bill. These charges usually range between...

Many borrowers who took moratorium may not go for loan restructuring: Bankers

Many individual borrowers who went for moratorium due to the covid-19-induced liquidity crunch in the country may not opt for loan restructuring. Some of them...

Should you keep paying EMIs after the builder misses possession date?

In a recent case involving a housing complex, Rivali Park Project in Borivali—now called Wintergreen—the builder contended that buyers making payments after the possession date...

Top-up home loan works better than gold and personal loans

If your cash flows have been affected due to the pandemic, and you are looking for a loan, you can consider a top-up home loan...

Home loan rates of public sector banks turn attractive

Starting 1 July 2020, the State Bank of India is offering home loans starting at 6.95%. This will be the second-lowest rate for home loans...

Your credit score may take a hit if the card issuer lowers credit limit

Many cardholders saw issuers lowering their credit limits in April and May, as companies started evaluating the creditworthiness of customers, whose cash flows got impacted...

Here’s how to increase your loan eligibility

Banks use several parameters to evaluate a loan application. Lenders look at the sector and company in which the applicant works, as well as their...

Flexible EMI repayment options may burn a hole in your pocket

“Due to the pandemic, those who are resuming work, want to travel by the vehicle they own instead of taking a public transport or app-based...

The relief package for households doesn’t bring relief in the long term

With the lockdown extending well into the fourth phase, the Indian economy has taken a huge battering and so have our salaries and income. From...