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[Translate] Borrowers always find it difficult to choose between a fixed rate loan and floating rate loan, and in recent years, they have to consider one more option – fixed floating rate loan. In this loan type, the interest rate is fixed for an initial period, which later gets converted to a floating one. Let's [...]

[Translate] We borrowers are always looking for ways to save costs. Many of us opt for prepayment of loan for the same reason. It saves us quite a large amount, given we follow all the conditions properly. But in many cases, this is accompanied by an expense in the form of a prepayment penalty. Arti, [...]

[Translate]    The new home loan teaser rates have sparked off a fresh debate on the discriminatory approach adopted by banks in not letting their existing customers benefit from the current low interest rates.    At present, many private and public sector banks have been offering home loans at rates as low as 8 per cent while [...]