India’s biggest bank State Bank of India or SBI has cut interest rates on fixed deposits or FDs, its second revision in about 15 days. SBI today lowered FD rates by 20-25 basis points. SBI also announced reduction in its…
Small Savings Scheme Interest Rate – Revised
A savings scheme with maturity of 15 years, PPF provides the benefit of compounding over a long period. It also offers EEE or ‘exempt, exempt, exempt’ advantage in terms of tax advantage, meaning subscribers get deduction benefit up to ₹1.5…
Education Loans for Studying Abroad
Studying abroad can be a life-changing decision; however, this doesn’t come easy. Those who want to pursue higher studies abroad, but finding it difficult to arrange for funds, now have the option to make arrangements for funding their education. In…
Interest on Inoperative EPF Account
Any amount becoming due to a member as a result of (i) supplementary contribution from the employer in respect of leave wages/arrears of pay, installment of arrear contribution received in respect of a member whose claim has been settled on…
Section 80EE – Tax Deduction on Home Loan Interest
Section 80EE allows Income Tax benefits on the interest portion of the house property loan availed from any financial institution. The deduction allowed under this section is for the interest paid on a home loan for up to a maximum…
Top 7 Factors for Loans
Lenders have tightened their rules on borrower selection and amount that can be advanced. It is important to know how much optimum one can borrow. Lenders use different criteria to select borrowers and decide maximum permissible finance. They start with…
Lowest Home Loan Rates on offer
The following Banks/NBFCs that offers lowest Interest Rates for Home Loan at present: SBI Max-Gain – 8.05% Maxgain Home Loan is an innovative and customer-friendly product enabling the customers to earn optimal yield on their savings by reducing interest burden…
Lowest LAP Loan Rates on offer
The following Banks/NBFCs that offers lowest Interest Rates for LAP at present: HDFC LAP – 9.55% Pledge your property to meet your personal or business goals with HDFC Bank’s loans against property. Apply for loan against property by pledging your…
Fixed Vs. Floating Interest Rates
Choosing between a fixed and floating interest rate can be difficult choice. It’s important that you consider both, weigh the pros and cons and then make a decision. The following are the factors to consider before choosing the interest rate…
Lowest Business Loan Rates on offer
The following Banks/NBFCs that offers lowest Interest Rates for Unsecured Business Loans at present: CGTMSE Loans – 9.75% CGTMSE Scheme is a unique offering which aims to bridge the gap between a business idea and its execution, offering financial support…