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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 check out how [...]

Home loan space has become increasingly competitive lately. What with SBI and ICICI Bank decreasing their home loan rates; and HDFC and ICICI Bank increasing the prepayment penalty from 2 to 3 per cent and 2.25 per cent respectively.

What does this mean to you?
Let’s understand the impact of prepayment penalty through an illustration. Vinay has [...]

One of the most profitable investments during these tough economic conditions across the world has been gold. There has been a sharp rise in the price of gold over the last one year, which has led to increasing investor interest in the yellow metal. Today, one of the most popular routes to invest in this [...]

Frankly, how many of us really bother to read the fine print before getting a credit card? Not many, really. As we get lured by attractive offers and benefits on these cards, we tend to neglect the important part of this process, i.e., terms and conditions. The gravity of which dawns on us [...]

House Rent Allowance (HRA) is an allowance given by an employer to an employee. The sole purpose of which is to meet the cost of renting a home. Here, we hope to clear the concepts of HRA and how the income tax exemption on HRA is calculated.
You can claim HRA if you fulfil the following [...]