Loan

A manageable EMI is about more than a low monthly payment. Experts explain the 30% EMI rule, debt risks and how borrowers can assess loan affordability while protecting savings and financial security. Seeking professional guidance is a must when faced with financial hardships.

India’s gold loan market has nearly quadrupled to ₹18.6 trillion in five years, overtaking personal loans. Yet, only around 8% of household gold is monetised through organised lenders. Find who is borrowing, which states are driving growth, and which lenders are gaining share.

To reduce interest on loans, consider early principal reduction for guaranteed returns. Shortening loan tenure can lower overall interest even with higher EMIs. Focus on total repayment rather than just EMIs to better manage loan costs.

A missed EMI can have consequences beyond penalties and a lower credit score. Experts explain when a loan is considered in default, what banks can recover, whether family members are liable, and what happens to secured assets.

Indian Bank plans to open 100 branches and hire 2,500 employees in FY2026-27, focusing on expanding its presence in central and western India. The lender also targets lower NPAs and expects its gold loan book to cross ₹1.5 lakh crore.

A ₹1 crore home loan for 20 years can cost significantly more as interest rates rise. Here is a simple comparison of EMI, total interest and repayment at rates from 7% to 10%. Before locking in on any home loan offers it is wise to carry out proper due diligence.

Celebrating a paid-off home loan is essential, but ensure to collect original documents, including sale deeds and No Dues Certificates. Per RBI guidelines, lenders must return these within 30 days; failure results in compensation.

The NCDRC has upheld ICICI Prudential Life Insurance’s rejection of a home loan insurance claim after finding that the deceased borrower had suppressed material medical information. The case highlights why borrowers must accurately disclose pre-existing illnesses and medical history.

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.