Bank Loan News
What the key fact statement says about your bank loan
It is a single-page document that also lists out charges levied over and above the interest rate
3 min read15 Feb 2024How to plan educational loan repayment effectively? MintGenie explains
Quality education is essential for academic progress, acquiring new skill sets and enjoying a bright career. With the increased awareness regarding the significance of higher education and the escalating costs involved, modern-day students are increasingly resorting to education loans.
4 min read4 Feb 2024To borrow or not to borrow in your 20s: Pros and cons of borrowing you must know before saying ‘yes’ to a loan
In your 20s, you may encounter various borrowing options, from student loans and digital credit to personal loans and car financing. Each avenue serves a specific purpose, and your decision should align with your current financial situation and future goals.
2 min read18 Jan 2024Penal charges on loan accounts: RBI issues clarifications before new rules come into force; 6 key points to know
In its last circular, the RBI made its stand clear that the intent of levying penal charges is to inculcate a sense of credit discipline and such charges are not meant to be used as a revenue enhancement tool over and above the contracted rate of interest.
2 min read17 Jan 2024I have ₹16 lakh in savings. Is it possible to buy a ₹2 cr house?
Most loan providers are likely to insist on at least a 10% down payment, which itself comes to close to ₹20 lakh, and this is higher than the assets that you currently have.
1 min read14 Apr 2023Things to know about govt ‘interest on interest’ relief
Borrowers who had a loan up to ₹2 crore as on 29 February are eligible for the relief on ‘interest on interest’
3 min read29 Oct 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared