Urban Money Blogs

  • RBI Spikes Repo Rate by 35 Basis Points to 6.25% and Lowers GDP Forecast to 6.8%

    December 07, 2022

    Lately, on December 7, 2022, the Monetary Policy Committee of the Reserve Bank of India (RBI) surprised everyone with the announcement of another repo rate hike by 35 basis points to 6.25% with the mandate of immediate effect. After this fifth repo rate 2022 hike, the RBI policy has reached…

  • Asset Management Company (AMC)

    December 07, 2022

    Firms called asset management companies (AMCs) are in the business of taking money from institutional and retail clients and investing in a wide range of assets. The company involves the investment of funds in assets of a capital nature, such as bonds, stocks, and other kinds of real estate. The…

  • Gold Loan Interest Rates

    December 05, 2022

    Many financial institutions in India allow the recipients of the loan to raise funds by pledging their gold reserves as collateral. The gold loan interest rates vary from 7% per annum to 29% per annum. The applicant can avail of a loan of up to Rs 1.5 Crores. And the…

  • CIBIL Dispute : Types, Process to Raise CIBIL Dispute and Its Resolution

    November 16, 2022

    Sometimes, we fail to make on-time repayments and have bad credit scores because of our poor credit behaviour. But, the possibilities are we end up having a bad CIBIL score because of someone else. Sounds perplexing? Well, yes, this can be a situation too. You signed as a guarantor for…

  • 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…

  • 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…

  • 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…

  • 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,…

  • 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…

  • 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…

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