3 Things You Must Know Before Taking a Mortgage Loan
A mortgage loan is one of the most common and significant financial instruments used to help individuals and businesses secure home ownership. It allows you to purchase property or real estate by borrowing money from a lender, typically a bank or other financial institution. The loan is repaid over time with interest, and the property […]
What is a good CIBIL score for a Home loan? – 2025
Securing a home loan becomes essential for most individuals when purchasing a dream home. In the current financial terrain, a CIBIL score is essential in deciding your eligibility for a home loan. This score reflects your creditworthiness and financial discipline, serving as a benchmark for banks and financial institutions to assess the risk of lending […]
Step by Step Complete Guide for How to Apply for a Home Loan
Taking the step to buy a home is one of the most important financial moves you can make. In most cases, the cost of a home is too large to be financed without external support, and that’s where a home loan comes in. A home loan allows you to spread out the financial burden of […]
Is a Home Loan Balance Transfer a good idea? Here’s What You Need to Know
A home loan balance transfer can be an effective financial strategy for homeowners looking to reduce the financial burden of high interest rates or unfavorable loan terms. This process allows borrowers to transfer the outstanding balance of their existing home loan to another lender, often at a lower interest rate or with better repayment conditions. […]
Fixed Vs Floating Home Loan Interest Rate – Which is Better for you?
When considering a home loan, one of the key decisions you’ll face is choosing a fixed home loan interest rate or a floating home loan interest rate. The interest rate you select can significantly impact your overall financial commitment, as it will determine the amount you pay over the life of your loan. With various […]
The Future of Banking: Why Collaboration with Fintech is Essential?
As the financial landscape evolves, traditional banks face the pressing need to adapt or risk becoming obsolete. Amitabh Chaudhry, CEO of Axis Bank, recently highlighted the crucial role that fintech partnerships play in this transformation. Speaking at the Global Fintech Fest, he emphasized that without collaboration, banks may miss out on invaluable technologies and services […]
RBI Advocates for direct Rupee-Dirham Settlements.
In a strategic move to bolster trade relations and reduce dependence on the US dollar, the Reserve Bank of India (RBI) is encouraging banks engaged with the United Arab Emirates (UAE) to explore direct settlements using the Indian rupee and the Emirati dirham. This initiative aims to streamline trade payments and enhance financial stability in […]
UPI Transactions Surge to ₹60 Trillion in 2024.
The digital payment landscape in India is witnessing an unprecedented transformation, with Unified Payments Interface (UPI) transactions soaring to new heights. According to recent reports from Pankaj Chaudhary ,Minister of State for Finance. UPI transactions for the first quarter of the fiscal year have jumped a remarkable 36% compared to the previous year, reaching an […]
RBI takes back all their restrictions on Bajaj Finance’s Insta EMI Card.
In a significant development for the lending sector, the Reserve Bank of India (RBI) has officially lifted restrictions on Bajaj Finance’s eCOM and Insta EMI Card services. This regulatory relief comes as a result of corrective actions implemented by Bajaj Finance following compliance issues flagged by the RBI in 2023. With the restrictions now removed, […]
Why is the Reserve Bank of India (RBI) asking banks/NBFCs to disclose loan fees upfront?
It is to significantly improve transparency in securing loans in the country that the Reserve Bank of India has recently asked banks/NBFCs to reveal complete information about the loan fees. Typically, by providing loan borrowers with a document called ‘Key Facts Statement’. As per the RBI, it should include all data on loan fees along […]