Opting for a personal loan? Here’s how to lower your EMIs

In today’s economy, people opt for personal loans for various reasons. Sometimes, owing to various factors, the EMIs of these loans often tend to be higher. In this article, we discuss some simple tips to lower your EMI amount.

Struggling with higher EMIs? Here’s all you need to know about step-up and step-down loans

Step-up and step-down loans are loans that have variable EMIs spaced out over their duration. They offer flexibility, allowing borrowers to pay more when their income increases and less when it decreases.

Your EMIs set to get more expensive as HDFC, IOB hike lending rate by up to 25 basis points

According to the HDFC Bank website, the overnight MCLR is now 8.50 per cent from earlier 8.30 per cent, an increase of 20 basis points, while the MCLR for one month is 8.55 per cent up from 8.30 per cent, a rise of 25 basis points.

LIC Housing Finance hikes lending rate by 0.35%, home loans to cost 8.65% now

In a statement, the company said it has increased the LIC Housing Prime Lending Rate (LHPLR), to which the interest rate on its loans is linked, by 0.35 per cent.

Your EMIs set to get dearer; HDFC hikes lending rate by 35% to 8.65%

The retail prime lending rate on housing loans, on which the adjustable rate home loans are benchmarked, has been increased by 35 basis points to 8.65 per cent onwards, effective December 20, the bank said in a regulatory filing.

Higher EMIs or extended tenure? Here's the best way to deal with rising home loan rates

Your home loan interest rates have gone up. Either you accept paying higher EMIs or settle down for an extended loan tenure. Alternatively, earn more and spend less to prepay your loan and get rid of it faster. 

EMIs to rise as RBI hikes interest rate again albeit at a slower pace

The Reserve Bank of India (RBI) hiked the key repo rate by 35 basis points, the fifth straight increase since May, raising prospects of EMIs for home, auto and other loans rising further.

What's The Impact of RBI's Monetary Policy on Home Loan Owners?

<ul><li>RBI's Monetary Policy is a set of measures taken by the Reserve Bank of India to regulate the country's money supply. These changes have a direct impact on home loan owners, as they can lead to changes in interest rates and monthly payments. Home loan owners should keep track of RBI's monetary policy to ensure they can manage their debts effectively.</li></ul>

 <span class='webrupee'>₹</span>50K EMI for Mercedes: Don’t shrug off what Iyer of Mercedes-Benz India says

Santosh Iyer’s comment triggered fire on the social media with most industry stakeholders mocking the Mercedes top honcho for not being in touch with India’s ground reality. Read further to know more 

Home loan EMIs to get expensive: Bank of Baroda raises MCLR across tenors

The lender has approved the revision in marginal cost of funds based lending rate (MCLR) with effect from November 12, 2022, Bank of Baroda said in a regulatory filing.

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personal finance

Opting for a personal loan? Here’s how to lower your EMIs

personal finance

personal finance

personal finance