Urban Money Blogs

NPS Vatsalya Scheme : A New Pension Plan for Secure Family Futures
October 14, 2024

The National Pension System (NPS) Vatsalya scheme is a savings and pension plan designed specifically for minors. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), this scheme allows parents or guardians to open an account for children under 18. With a minimum contribution of ₹1,000 per year and…

Category:Financial News
Celebrate with Joy, Not with Debt – Here's How to Keep the Festivities Stress-Free!
September 26, 2024

With great credit cards comes a great risk of credit card debt. As the festive season approaches, many consumers in India start preparing their wishlists on several online platforms. These platforms offer great deals, but it's crucial to understand that getting into these lucrative offers also marks the beginning of…

Category:Media Coverage
No-Cost EMI Guide: How It Works, Advantages and Eligibility
September 26, 2024

A no-cost EMI (Equated Monthly Instalment) is a financial arrangement that allows buyers to purchase goods or services without paying additional interest or fees over the principal amount. In this process, the total cost of the product is divided into equal monthly payments. In simple terms, no-cost EMI can also…

Category:Personal Loan Archive
Transferring Your Home Loan to a New Bank : A Step-by-Step Guide
September 17, 2024

Transferring a home loan from one bank to another, commonly known as a home loan balance transfer, is a healthy financial move that can lead to significant savings and better loan terms. This process involves moving your outstanding loan balance to a new lender offering lower interest rates or more…

Category:Home Loan Archive
Understanding The Hidden Charges in Home Loans
September 17, 2024

Purchasing a home is a dream for many, but understanding the applicable fees and charges is wise before applying for a home loan. Before picking out the comfy furniture and planning the home's interiors, it is best to check the associated fees and charges on the home loan. Generally, a…

Category:Home Loan Archive
All About NBFC Home Loans
September 17, 2024

Non-Banking Financial Companies (NBFCs) have become a popular choice for home loans in India. They offer flexibility, faster processing, and competitive interest rates, making them a good alternative to traditional banks. Moreover, NBFCs cater to a wide range of customers, including those with lower credit scores, making homeownership accessible to…

Category:Home Loan Archive
Home Loan vs Loan Against Property
September 05, 2024

Two options that are frequently considered when it comes to financing are a home loan and a loan against property. Both provide significant financial assistance, but they have different uses and have different terms and restrictions. Making an informed choice based on your unique needs requires knowing the main distinctions…

Category:Home Loan Archive
Everything You Need to Know About Cersai Charges For Home Loan
September 05, 2024

CERSAI charges are fees you pay when taking a home loan to register your property with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI). This helps prevent fraud and ensures your loan details are transparent. For instance, if you get a home loan from SBI,…

Category:Home Loan Archive
Second Home Loan Tax Benefits
September 04, 2024

Home Loans offer many attractive features. Unlike other types of loans, they feature lower interest rates, longer repayment terms, moderate eligibility criteria, and associated tax benefits. Though home loan borrowers know these benefits, many buyers doubt whether tax benefits on such loans are allowed if taken for the second time.…

Category:Home Loan Archive
Everything You Need to Know About Prime Lending Rates in India
August 27, 2024

It is important for anyone considering obtaining a home loan in India to be informed about the Prime Lending Rate (PLR) and other benchmark rates, such as the MCLR, Base Rate, and Repo Rate. Because they determine the interest rates on various loans, these rates have a big influence on…

Category:Home Loan Archive