My bank Relationship Manager recently reached out to discuss the option of opting for a reduced Equated Monthly Installment (EMI) for my loan. While I appreciate the potential savings that come with a lower EMI, I am seeking your expert advice on the matter. Would you recommend maintaining my current EMI amount to expedite the … Read more
Gone are the days when a family’s limited savings meant settling for a simpler wedding. The easy availability of wedding loans has made lavish celebrations more attainable. These personal loans offer instant financial assistance, making them appealing to many. However, these personal loans often come with high interest rates, typically ranging from 10-20%, depending on your … Read more
New loan rates: Private lender HDFC Bank has implemented revisions to its Marginal Cost of Funds-Based Lending Rates (MCLR) for select short-term tenures effective from November 3, 2024. The revision includes an increase of up to 5 basis points (bps) and applies specifically to the overnight, one-month, and three-year tenures. Post-revision, the overnight MCLR has … Read more
Are you aware of the powerful combination of SIP and EMI? It’s a strategy that allows you to grow your wealth while simultaneously paying off your debt. Confused? Don’t worry! ETMarkets interviewed Chirag Muni, Executive Director at Anand Rathi, to shed light on how this works. What is the SIP-EMI combination and how does it … Read more