No more pre-payment charges on home loans

Providing relief to home loan borrowers, the Reserve Bank on Tuesday asked banks not to levy any penalty on pre-payment of loans taken on floating rate."Though many banks have, in the recent past,......

Prepayment penalty on home loans to be scrapped

Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks. "It is proposed to implement the......

Car loan? Have you signed a 'surrender letter'?

Only a few signatures on some bank loan papers stood between Deepak Kulkarni, a senior executive in a communications firm, and the car he eyed in the showroom on his way to work everyday. Or so he......

How to be more careful with your credit card

Can you imagine your life without a credit card? Whether it's to make payments online, shop till you drop, or for use as a lifeline in an emergency, the arrival of the credit card has been......