NO COST EMI INTEREST
Rule of 72, withdrawal rule of 4% & more: 7 personal finance rules that help you in building wealth
This article outlines seven personal finance rules that can help you enhance your financial well-being. It covers investment doubling, retirement corpus calculation, income allocation, equity exposure based on age, borrowing limits, life insurance coverage, and emergency fund requirements. Following these rules provides a simplified approach to achieving financial goals and security.
Is paying rent really a waste? CA explains the middle-class trap and breaks down the renting vs buying maths
Nitin Kaushik challenges the notion that renting is a waste of money. He argues home loans can be a bigger drain than people realize. Interest payments significantly increase the total cost of a home. Renting offers flexibility and liquidity. Buying too soon can leave families financially vulnerable. Kaushik advises careful financial planning before taking a home loan.
Is no-cost EMI really cost-free? Read terms and conditions carefully for hidden charges and missed discounts
Easy EMIs aid festive buys, but hidden charges and missed discounts require careful reading.
Buy Rs 1 cr home with own fund or loan? This CA tells choice is not that simple, she reveals how to take a final call
Chartered Accountant Ruchita Vaghani's analysis on X compares buying a Rs 1 crore home with cash versus a loan. Paying cash offers peace of mind and immediate ownership, while a loan provides liquidity, tax benefits, and potential investment gains. She says for an Rs 1 cr 20-year home loan taken at 8.5% interest, the EMI will be Rs 86,000, and their total outgo will be Rs 2.07 cr.
Consumption boost and GST reforms set to drive economic growth and sectoral gains: Sunil Subramaniam
India’s economic landscape is poised for a significant uplift following the government’s recent policy announcements aimed at boosting consumption and reducing GST burdens.
Bajaj Finance, Bajaj Finserv shares rally up to 6% as GST cut for consumer durables likely to boost demand
Bajaj Finserv and Bajaj Finance shares jumped following the government's GST rate reduction on consumer durables like air conditioners and televisions. The GST cut, from 28% to 18%, is anticipated to stimulate retail demand, especially during the festive season. Bajaj Finance is expected to benefit from increased loan disbursals due to more affordable EMIs.
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8 money mistakes that can ruin your retirement and how to avoid them
Retirement needs careful financial planning. Even small mistakes can diminish savings. A withdrawal plan is crucial. Avoid locking funds in annuities. Equities should be part of the portfolio. Medical insurance is essential. Estate planning is important for seamless asset transition. Illiquid assets pose risks. Clear debts before retirement for financial stability.
PNB, Bank of India reduce lending rates in September 2025: Check revised MCLR rates here
Punjab National Bank and Bank of India have revised their MCLR, effective September 1, 2025. PNB reduced rates by up to 15 bps across tenures, while BoI lowered rates by 5-15 bps, except for the overnight tenure. These revisions may bring relief to borrowers with loans linked to MCLR, potentially lowering EMIs.
Using SIPs to prepay your home loan: Is it a genius strategy you should try or a gamble you should avoid?
Want to pay off your home loan faster? You can consider the EMI plus SIP strategy. It involves taking a longer loan tenure and investing the EMI difference in mutual funds. Historical data shows that potential gains from mutual funds often exceed loan interest, but investment returns might not always outpace interest rates. Consistent investing and tax deductions are crucial for success.
20-30 years of EMIs just to show off? A home may be the ‘most expensive flex’ of your life, warns CA
Chartered Accountant Nitin Kaushik warns against buying homes beyond means. He says it leads to decades of EMIs and financial constraints. Kaushik advises keeping EMIs below 30% of income. He stresses financial freedom over social approval. He also suggests living on half salary and diversifying investments. Kaushik cautions against lifestyle creep and comparing with others. He defines good and bad loans for financial well-being.
Not just groceries: Blinkit, Zepto & others turn festive bazaars on your phone
Quick commerce platforms in India, including BigBasket, Zepto, and Swiggy Instamart, experienced a surge in sales during Raksha Bandhan and other festivals. These platforms, initially focused on grocery delivery, are expanding into electronics, apparel, and home furnishings, driven by changing consumer shopping patterns.
'Raising a child now costs Rs 45 lakh': Finfluencer calls Indian middle-class parenting a ‘systemic financial trap disguised as love’
Urban Indian middle-class families face a stark reality: raising a child now costs as much as a house, potentially jeopardizing financial stability and retirement plans. The expenses, including private schooling, extracurricular activities, and medical costs, consume a significant portion of household income, turning parenthood into a financial burden.
Affordable housing demand may slow if costs rise, but luxury segment remains resilient: Anuj Puri
Anuj Puri of ANAROCK Group suggests home loan rate hikes may affect affordable and mid-range housing demand. Luxury housing is expected to remain stable. Cost-sensitive buyers might delay purchases. Demand for larger homes, driven by lifestyle needs, is less vulnerable. Developers may offer flexible pricing to optimize costs. The real estate sector is watching interest rate impacts.
What are REITs? What are the pros and cons of investing in them?
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 63rd part of this series, Riju Mehta describes the functioning of this investment instrument.
Is your job at risk?
India's job market faces uncertainty due to global economic shifts, AI advancements, and strategic restructuring, leading to layoffs in IT, manufacturing, and related sectors. While some jobs are on a decline, tech and AI roles are growing rapidly. Experts advise constant upskilling, networking, and diversifying income to navigate this transformation, emphasizing that reinvention and adaptability are key to securing future employment amidst evolving industries.
SBI’s home loan rate hike may delay purchases, impact first-time buyers the most: Yugen Infra
State Bank of India's decision to increase home loan rates could affect the housing market. Amit Mamgain of Yugen Infra suggests first-time buyers may delay purchases. Demand might shift towards more affordable options. Developers may need to adjust their strategies. They may focus on smaller homes and creative payment plans. Partnerships with banks could help maintain demand.
Fixed, floating or hybrid: Which home loan interest rate regime works best
Indian homebuyers now have a third option beyond fixed and floating rate loans: hybrid loans. These loans offer an initial period of fixed interest rates for stability, followed by a transition to floating rates to capitalize on potential market decreases. With current low interest rates, hybrid loans provide an appealing balance of certainty and flexibility for new homeowners.
When half your paycheque becomes the EMI: A Rs 50 lakh package can buy a flat, but can it buy peace of mind?
On paper, a Rs 50 lakh annual salary may seem enough for a Rs 1.5 crore flat. In practice, the numbers don’t stretch that far. Wealth advisor Alok Tiwari’s calculations show that nearly half of the take-home pay would go into monthly instalments, leaving little for daily living costs. Financial guidelines and housing affordability data back his warning. While banks may be willing to lend, the risk of being overextended is real.
Cabinet nod for Online Gaming Bill; Bluestone’s listing day gains
Cabinet approved the Online Gaming Bill, outlawing online money games. This and more in today's ETtech Top 5.
Buying flat is easy but...: CA shares his laid-off Pune techie friend's story
Young professionals in Pune face homeownership challenges. High-paying jobs lead to buying apartments. A Chartered Accountant shares cautionary tales of loan struggles. Job loss makes repayment difficult for some. One person rents out their flat to repay the loan. Experts advise careful risk assessment before taking large loans. Individual savings and income stability are key factors.
Home loan EMIs to drop? Big banks like SBI, HDFC Bank, PNB, Bank of Baroda, IOB cut lending rates in August 2025; check bank wise list
Several public and private banks have revised their marginal cost of funds-based lending rates following the RBI's monetary policy meeting in August.
Rs 80,000 EMI or Rs 35,000 rent? One viral Reddit post has everyone rethinking their financial and life choices
A Reddit post ignited debate on home buying versus renting. The discussion highlights financial implications and personal priorities. Some argue hefty loans make buyers bank tenants. Others emphasize ownership benefits like stability and control. Practical advice includes buying within means and considering cheaper locations. The core question remains: is owning worth the financial strain
Why isn't your home loan EMI dropping after RBI rate cuts? Blame your lender
Home loan borrowers face a crucial choice between banks and housing finance companies. Banks often pass on rate cuts faster due to their funding sources. HFCs adjust rates at their discretion, leading to delays. Banks have stringent paperwork. HFCs have relaxed policies towards customers with low credit scores. However, borrowers should consider interest costs and convenience before choosing between HFCs and banks.
Rs 1.2 crore in 10 years built by middle-class families using simple formula, CA explains
Many middle-class families can accumulate over Rs 1.2 crore in 10 years by following disciplined financial habits, according to Chartered Accountant Nitin Kaushik. His approach focuses on starting early with small, consistent investments in mutual funds and PPF, prioritizing a strong down payment before buying a house, and preparing for retirement through increased contributions to pension schemes and SIPs. Avoiding lifestyle inflation and tracking expenses are key to maintaining financial discipline.
July 2025 CPI report: headline inflation cools but core prices surge — what may rise and fall
July 2025 CPI report reveals a mixed inflation picture, with headline inflation steady at 2.7% year-over-year and core inflation rising to 3.1%. Energy prices fell, easing costs, but tariffs pushed up core goods prices like clothing and furniture. This report impacts mortgage rates and everyday budgets, leaving Federal Reserve decisions uncertain. Homeowners and buyers should watch inflation trends closely as borrowing costs and prices continue to fluctuate.
Lower EMI in focus: Will your EMI drop as leading banks reduce lending rates post RBI MPC August meeting?
Despite the RBI maintaining the repo rate, several banks, including Bank of Baroda, HDFC Bank, and Punjab National Bank, have reduced their MCLR, potentially lowering EMIs for borrowers. Canara Bank and Indian Bank, however, have kept their lending rates unchanged. These revisions, effective in early August 2025, offer varied impacts on loan interest rates.
Woman earns Rs 1.7 lakh per month but complains she 'has nothing left' for herself
A 27-year-old Indian woman's Reddit post about struggling to manage expenses despite a ₹1.7 lakh monthly salary has sparked widespread discussion. She details financial pressures from loan EMIs, investments, family obligations, and high commute costs, leaving little for personal needs.
How homebuyers can protect themselves from being scammed by builder-bank nexus when buying under-construction houses
The Supreme Court recently ordered a CBI probe into a builder-bank scam on interest subvention schemes. With projects stalled and poor enforcement, homebuyers are now stuck with EMIs for undelivered houses. Here’s what you should know before opting for such plans.
PSBs step on the gas in retail as private ones take foot off the pedal
Indian public sector banks are aggressively expanding their retail loan portfolios. They are growing faster than private sector banks in this segment. State Bank of India, Bank of Baroda and Punjab National Bank are leading this growth. Private banks are becoming cautious due to rising defaults in unsecured loans.
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