Blog about Financial Education, Advisory & Planning
The start of a new year is generally a good time to make some solid resolutions to manage your finances. While you need not take any giant leaps, you must start 2020 with some simple financial steps to manage your money well. These go a long way to inculcate financial discipline in your life & …
Home loan rate for new borrowers after 1st April 2016, linked to 1 year MCLR have come down drastically in the last 1 year. But borrowers who are under the Base Rate (loan taken prior to 1st April 2016) regime having seen their interest rates fall by a significantly lower amount. They will benefit by …
RBI introduced the Marginal cost of Lending (MCLR) from 1st April 2016, and all home loans after that date are marked up on MCLR. Prior to that loans were marked up in relation to Base Rate. Base Rate– The base rate is the minimum interest rate at which bank gives the loan to the consumers. …