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In India, like in any other country, interest rate changes can significantly impact your home loan. The interest rate on your home loan determines the amount of money you need to repay to the lender in addition to the principal amount borrowed. Let’s explore how interest rate changes can affect your home loan in India: …
We often come across terms as Credit Score, Credit Rating and Credit Report, but are they all the same or is there any difference? Let’s have a brief information about them. The Credit Score A credit score in layman terms is a statistical number that evaluates a consumer’s credit worthiness and is based on their …
Home loan is a lifetime financial commitment for homebuyers and also at the same time it also involves huge risks for the Bank/ NBFC’s. This is the reason why Banks/ NBFC’s are very much concerned about extending home loan to people who are close to their retirement, regardless of their financial situation. People who are …
Investing for future is a difficult task. There is a lot of confusion with large number of emerging potential instruments and lots of options. For the people who are unaware and have never invested before in mutual funds, equity, etc. can discourage to invest due to many questions about the potential risk involved. But this …
It is difficult to understand the difference between RBI, the National Housing Banks and the Bank Ombudsman so easily. Let’s have a look to get a clear understanding about these topics and understand how they are helpful for us. National Housing Banks National housing bank is the financial institution established to operate as a primary …
Buying a first home can be nerve-racking. It is because the process is difficult to deal. And what makes it that? At the top of the list is getting a home loan and setting the interest rates to purchase your dream property. While the advertisements are quite glossy but the process is painful, as any …
In the financial sector an underwriter is an important entity that helps the companies to introduce the future risks, analyzes, assumes and evaluate the information provided by the borrower to understand and assess the minimum loan criteria.A credit manager is a qualified professional employed by the Bank/ NBFC to handle the credit department and make …
Here one can easily get confused with the word pillar being used for the financial industry. Basically financial industry is like a skyscraper building that needs support to stand still and work efficiently. The financial industry has many facets that require different specializations to work. But here, we are discussing financial industry in terms of …