Tag Archives: Loan

Want to prepay your home loan? Here is how you can do it

Home loan borrowers are often in a hurry to prepay their loan. But how easy is it to clear the huge debt well ahead of schedule? Even before they bought their first house in Jaipur in 2008, investment banker Yash Jain and his wife Namrata were determined to repay the Rs 25-lakh loan well before its tenure of 20 years ... Read More »

The best home loan rates being offered right now

A home loan is among the cheapest loans available. Photo: iStock A home loan is probably the biggest loan that one takes. Not only in terms of the loan amount, but also tenures, which can be 15 years or more. The total final amount that one pays can be double of what was borrowed. But a home loan is among ... Read More »

The benefits of taking an education loan and the need to strike a balance

A student loan would obviate the need to disturb your own investment portfolio and help preserve your financial goals, including retirement plans. Photo: ThinkStock Education is expensive, be it in India or overseas. However, as a parent, you are always in a quandary whether to tap into your savings or avail an education loan. In India, good quality higher education ... Read More »

Banks or NBFCs: Where should you take your education loan from?

Graphic: Mint It is said that education is the biggest wealth that one can accumulate, but getting quality higher education is increasingly becoming expensive. However, people are still going ahead and funding their children’s education, often with the help of education loans. One indicator of higher spends on higher education is the average ticket size of education loans (see graph). ... Read More »

Who can claim tax benefit on interest paid on education loan?

The advantage of an education loan is that if the parent doesn’t have money, the loan can be repaid after the child completes the course and gets a job. Photo: iStockphoto Education costs are spiralling. The fee for a masters or diploma in management from premier institutes can be about ₹ 25 lakh, while many private medical institutes charge about ... Read More »

When Your Computer’s Location Could Deny You A Loan!

A high ratio of credit defaulters in your neighbourhood could be bad news for you. There was a time when banks used a handful of information to assess the creditworthiness of the borrower. With the introduction of credit score, the lending industry saw a huge revolution. Banks and other financial systems relied on credit reports to reduce the risk of ... Read More »

India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms. Deal4Loans Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, ... Read More »

India Funding Roundup: An Aerial Drone Startup, Loan Marketplace, and More

Our latest funding roundup compiles seed investments in Indian startups engaged in restaurant deal discovery, business loan marketplaces, drone startups, fashion apps, broker-free rental aggregators, and more. PocketIn Delhi-based Pocketin, a four month old startup that provides a mobile app to discover deals and book tables at restaurants has raised its seed round of $150,000 (roughly Rs. 1.03 crores) from ... Read More »

Bad Loan Clean-Up Takes Toll on State Banks’ Earnings

Mumbai: Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Punjab National Bank (PNB), India’s fourth-biggest state-run lender by assets, posted a 93 per cent fall in December-quarter profit, and said it expected ... Read More »