Oct 31, 2011
The electronic clearing service (ECS) is a popular mode to transfer funds. Be it your phone bill, insurance premium, electricity bill, or credit card payment, most payments can be made through the ECS
Oct 29, 2011
In India a lot of customers are now looking to apply for personal loan online. A large set of these customers apply and expect a call back so they can understand how much emi and what are the interest rates they have to pay.
Oct 29, 2011
If you stand as a guarantor for someone’s loan, be it a home loan, education loan or even a personal loan, it means that you agree to be responsible for the repayment of the person’s debt in case of a default.
Oct 29, 2011
Owing to various reasons, you might have failed to build an adequate corpus to meet your expenses when you are no longer earning. Or, there might be some unforeseen expenses for which you need money.
Oct 29, 2011
While housing loans are expected to become dearer with the recent decision of the Reserve Bank of India (RBI) to increase the repo rate by 25 basis points, the National Housing Bank has offered some consolation to home-loan customers
Oct 27, 2011
SBI Cards, a joint venture between the State Bank of India and GE Capital, has made a good recovery after suffering losses in the recent times. S Kadambi Narahari, CEO, SBI Cards.
Oct 27, 2011
Evidently, the Indian consumer is unfazed by the gloomy pictures painted by commentators. Policy paralysis and governance gap are trendy phrases to use, but not much more than just that.
Oct 27, 2011
The customer can make a lumpsum pre-payment and reduce the tenure of his home loan and keep the EMI same. Let us see how this will work in Manish’s case. Let us assume that Manish gets a one time cash flow of Rs.
Oct 27, 2011
The Obama administration is hoping at least 1 million of these borrowers will take advantage of its refinancing program under more lenient rules unveiled Monday. Homeowners who are current on their payments will be eligible to refinance no
Oct 24, 2011
Base rate system The base rate was introduced by the RBI to replace the opaque and ineffective Benchmark Prime Lending Rate (BPLR). Under the previous system, banks were expected to lend above their BPLR, which was based on their true cost of funds.