EMIs

A joint home loan does not automatically mean the surviving borrower gets full ownership of the house if the co-borrower dies. But the survivor remains liable for repaying the entire loan. Here’s what a Supreme Court advocate has to say about this.

Evaluate your loan against property eligibility, EMI, repayment capacity, and property documents before you apply for a confident borrowing decision.

Ankur Warikoo advised individuals struggling with debt to liquidate costly choices if the debt stems from personal decisions. He advocates for hard work in repaying unavoidable debts, while discouraging a victim mentality.

HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.

Choose the right personal loan for your financial goals. Comparing interest rates, loan tenure, repayment flexibility and processing charges can help reduce costs, improve affordability and support better long-term financial planning.

Are you drowning in multiple EMIs? Debt consolidation can simplify repayments, improve cash flow, reduce missed payments, strengthen financial discipline, and help borrowers build healthier long-term debt management habits.

New home loan borrowers should consult financial advisors to assess their financial health before choosing a loan. A balance transfer to a lender with lower rates can lead to significant savings over time, but borrowers must weigh the benefits against potential costs and challenges.

Regularly monitor your credit score, balance credit with investments, ensure timely EMI repayments, and avoid over-leverage to strengthen your financial health for a stress-free new year.