How To Repair Your Credit Report

A person’s credit report can have a major impact on their quality of life. In essence negative items may make lenders to raise your rates. A nasty credit report may also make it tougher or even very unlikely to buy a home, a car, or if not provide for your personal and your family’s interests. For this reason, it is important to know how to monitor and clean up credit report.

LICHF look for clarification on teaser rate model

Home loan provider LIC Housing Finance has sought a clarification from the National Housing Bank (NHB) on its provisioning requirement on “teaser” mortgages loans-where rates are lower in the initial years and rise subsequently. The home finance company has sought a clarification after the SBI refused to make any provisions on similar dual rate loans […]

HDFC Bank set to hike lending rates

Two days after the Reserve Bank of India raised key short-term rates; HDFC Bank on Thursday became the first major lender in the country to announce a plan to raise lending rates, which will make home and car loans expensive. “There will be an increase in lending rates, both in retail and corporate sides. Most retail products, […]

Fixed deposit, loan rates may Hike in a month

In its third quarter monetary policy review, the Reserve Bank of India (RBI) on Tuesday increased key policy rates. What happened? RBI raised the repo rate, the rate at which banks borrow from the apex bank, from 6.25% to 6.50% and the reverse repo rate, the rate at which RBI borrows from the banks, from […]

Personal loans: a great tool in emergency

India, opt for bank loans to meet their needs and requirements and in line with growing demand, the bank (private and public) are ready to launch new and improved products. Due to the increasing competition in the market, banks are more focused on customer satisfaction and the provision of loans for every need. Even if […]