How loan restructuring scheme can impact your finances

The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other......

BEST options to beat higher home loan payout

It makes sense to shift to a home loan provider offering a lower interest rate or make occasional prepayments by using bonuses or other windfalls, says Sanjay Kumar Singh.Illustration: Uttam......

Is it time to switch your home loan lender?

New borrowers should go for banks over housing finance companies as the new benchmark -- MCLR -- is more transparent.Tinesh Bhasin reports how it could help borrowers to change their lenders. As......

Going for a fancy home loan scheme? Read this

Look at effective interest rate on home loan offers. Availing of ICICI Bank's cashback offer will mean you lose the flexibility to switch or prepay the loan, reports Sanjay Kumar Singh.......