You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Home loan rates drop: Should you bite the bullet?

DNMUM390887 | 6/20/2017 | Author : Kumar Shankar Roy | WC :753


Buying a house on loan is a long-term commitment, and so many are seriously considering locking in loans at lower rates to reduce interest burden. Experts tell DNA Money buyers must consider the numbers fully and clearly, before they let emotions linked to ‘apna ghar’ rule the roost.
‘New’ loans cheaper : New home takers are at an advantage. Rishi Mehra, CEO of lending marketplace says, “At the start of 2016, most lenders were charging an interest rate of around 9.40%-9.85% per annu..home-loan rates now range from 8.30%-8.90% per annum across lenders in India.
The per lakh EMI has fallen to Rs 755-797 from Rs 834-867. In the ongoing rate cut marathon, one must not forget that the new rate is applicable
Read full story

Copyright restricted. Under license from   
Add To Lightbox
Calculate Price


Here is how mutual fund investors can save on tax
DNMUM401516 | 11/24/2017 12:00:00 AM | Author : Saravana Kumar | WC :496

In mutual funds, investing in stocks or bonds where fund managers earn capital gains, dividends and interest income, helps in saving income tax. Profit earned in the fund is either distributed as dividend to investors, who opt for it, or else become
Add To LightboxCalculate Price

Six mobile cos planning to pre-install BHIM app
DNMUM401517 | 11/24/2017 12:00:00 AM | Author : Mansi Taneja | WC :368

New Delhi: Six mobile manufacturers are planning to pre-install government’s application BHIM (Bharat Interface for Money) on their mobile phones, a part of government’s plan to drive adoption of digital payment services.
The amount of transactio
Add To LightboxCalculate Price

Stuck in a shopping mall with no cash? SBI’s Yono can help
DNMUM401518 | 11/24/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :378

Mumbai: State Bank of India (SBI) is launching a comprehensive lifestyle and financial services platform called Yono (you only need one).
If you run out of cash while shopping, the app enables you to avail a pre-approved personal loan without an
Add To LightboxCalculate Price

Promoters in shock as govt shuts them out
DNMUM401519 | 11/24/2017 12:00:00 AM | Author : Edit | WC :185

Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, which received president’s nod on Thursday, has literally shut out many promoters who are trying to win over their debt-ridden companies that are currently at the National Company Law Tribun
Add To LightboxCalculate Price