Urban Money Blogs

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
Types of Mutual Funds : Based on Asset Class, Investment Goals and Structure
September 14, 2022

With the world bearing consequences of increasing inflation, for many, spending a luxurious life with just an active income is quite challenging. Passive income has become a necessity. Hence, investing in the right kind of instrument is crucial. While the market is flooded with different types of investment options, many…

Category:Mutual Funds Archive
Revamp Your Interiors, and Get a Home Renovation Loan!
September 12, 2022

While the majority dreams of buying a home, to some people, it is simply passed down by their ancestors. The only chores they are left with are renovation and redecoration or restructuring, as those homes are superannuated. You would want the best for your home, which requires a significant investment…

Category:Home Loan Archive
Home Loan Subsidy in India
September 12, 2022

The Government of India, through the Ministry of Housing and Urban Affairs (MOHUA), launched the Pradhan Mantri Awas Yojana (PMAY) on June 25, 2015. The scheme aimed to ensure a pucca house for all eligible urban and rural households by 2022. The assessment and implementation of the program are done…

Category:Home Loan Archive
Best Mutual Funds in India
September 02, 2022

Tax-saving or not, mutual funds are top-rated amongst financial enthusiasts since they significantly assist in expanding and enhancing wealth. A mutual fund is an investment scheme professionally managed by an asset management company (AMC). An AMC brings together a group of investors and assists them in investing their money in…

Category:Mutual Funds Archive