Debt Management

As per a Bloomberg report, nearly 56 per cent of individuals have availed the moratorium facility proposed by the RBI in March 2020. Anyone having a loan with banks and NBFCs could avail this benefit and did not have to make any repayments for the moratorium period. The benefit is extended till August 2020. The objective is to provide relief to those borrowers who could be facing a liquidity crunch due to the lockdown impact on jobs and business income. While this may provide temporary relief, borrowers availing this facility eventually will end up paying more loan interest. In the […]

In the event of Covid19 crisis and the subsequent lockdown, the RBI announced a three-month moratorium on loan repayments 2 months ago. Anyone having a loan with banks and NBFCs could avail this benefit and did not have to make any repayments for the months of March, April and May. Now this relief has been further extended by the RBI till August. 2020 The objective is to provide relief to those borrowers who could be facing a liquidity crunch due to the lockdown impact on jobs and business income. This benefit is for all types of term loans including home […]

One of the important decisions in buying a house property involves taking a home loan. Skyrocketing real estate prices have made it inevitable in India for a common man to fund assets like a home through bank loan. It is prudent to be prepared first before applying for a home loan. Preparation here means not just getting familiar about various facets of home loan application. It also implies financial preparation since you would be taking on a liability in the near future. Some amount of proper planning before getting a home loan can help to avoid rude surprises later. Here […]