Urban Money Blogs

Second Highest GST Collection in October, Clocks at 1.52 Lakh Crore
November 03, 2022

A recent notice from the finance ministry revealed GST revenue surged 16.6% to roughly INR 1.52 lakh crore in October 2022, making it the second-highest collection ever. GST revenue reached a record high in April, clocking at INR 1.68 lakh crore. On the other hand, the GST receipts in October…

Category:Financial News
Real Estate Regulatory Authority (RERA)
October 31, 2022

Fraud, misguidance, and misrepresentation have become common traits in every sector and real estate is no exception. Several buyers have filed complaints against the developers in the past decade looting them and not delivering the projects on time. Various real estate fraud cases, money laundering, false promises, etc., came to…

Category:Home Loan Archive
MCLR - Marginal Cost of Funds Based Lending Rate
October 18, 2022

MCLR stands for Marginal Cost of Funds Based Lending Rate. It is an internal benchmark or a reference rate that a financial institution is expected to adhere to. It determines the lower end of home loan rates of interest. Banks are prohibited from lending money to borrowers with interest lower…

Category:Home Loan Archive
Buying a Property: Get Familiar with Circle Rate and Market Rate
October 17, 2022

Are you planning to purchase a property or invest in one? Well, that can be a tricky task, but you can choose to make an informed real estate investment decision. To make an informed decision, you must get acquainted with several things, including rates. As an anticipated buyer or investor,…

Category:Home Loan Archive
Personal Loan Types and Interest Rates
October 15, 2022

The Indian banking sector boasts different Personal Loan types to cater to the diverse set of financial requirements of the customer base. The bank offers its funds to borrowers without any security, making it a popular financial product. The interest and loan amount varies significantly based on the applicant’s profile…

Category:Personal Loan Archive
Home Loan Tax Exemption
October 14, 2022

Building, a home of your imagination, is a dream come true. It feels magical when you hold the keys to your home. To achieve this vision and make it convenient for you, the Income Tax department gives you Home Loan Tax Exemption so that you don’t have to choose one…

Category:Home Loan Archive
Home Loan Insurance
October 06, 2022

Picture your child running to you with a landscape drawing of your home amidst the mountains where the sun shines high and bright. You smile as a home loan allows the dream of owning a house to come true, and the home loan insurance ensures that the EMIs are paid.…

Category:Home Loan Archive
A Definitive Guide to Statutory Liquidity Ratio (SLR)
October 04, 2022

The economy of every country majorly depends on banks and hence, each country has a monetary authority that regulates how banks operate. In India, we have the Reserve Bank of India (RBI) as our principal monetary regulator operating at a national level. But the question is - how does this…

Category:Personal Loan Archive
RBI Repo Rate 2022 Hike For the Fourth Consecutive Time
October 01, 2022

The Reserve Bank of India (RBI) increased the Repo Rate by 50 basis points, making it clock at 5.90%. In the previous five months, interest rates rose by 190 basis points, making this the fourth consecutive increase in the Repo Rate 2022. The Central Bank lifted rates on May 4,…

Category:Home Loan Archive
MSME Loan Scheme
September 20, 2022

Every day a piece of news creeps into our ears that a company has added new feathers to its success story, and we can't help but get dragged to reading the plot. The journey from being a Micro, Small, and Medium Enterprises (MSME) to a giant shark in the ocean…

Category:Business Loan Archive