Personal loan EMI: Now you can switch from floating interest rate to fixed as RBI clarifies norms | Mint

Personal loan EMI: Now you can switch from floating interest rate to fixed as RBI clarifies norms | Mint

Source: Live Mint The Reserve Bank of India (RBI) recently released a set of Frequently Asked Questions (FAQs) regarding a circular on resetting floating interest rates on Equated Monthly Instalment (EMI)-based personal loans. One of the highlights of the circular is that banks must give borrowers the option to switch the interest rate from floating…

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How does financial literacy impact loan approval? 5 key factors you need to know | Mint

How does financial literacy impact loan approval? 5 key factors you need to know | Mint

Source: Live Mint Getting a loan which suits your budget and your lifestyle requires thorough research as well as a basic understanding of borrowing and lending. This is where financial literacy comes into play. Financial literacy helps you make mindful decisions on your financial borrowings and helps you plan your financial future responsibly. Loans have…

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Retirement Planning: How to build a strong financial foundation early | Mint

Retirement Planning: How to build a strong financial foundation early | Mint

Source: Live Mint Retirement is a phase we all face, especially for salaried professionals. It’s a period when regular income from work stops, but expenses—monthly bills, healthcare, and leisure—continue. The key to enjoying a financially secure retirement lies in the preparation you do during your working years. By saving and investing wisely, you can build…

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How off-season deals gave this couple a budget-friendly two-week Europe holiday

How off-season deals gave this couple a budget-friendly two-week Europe holiday

Source: Live Mint Mumbai-based entrepreneur Mufaddal Kagalwala and his wife Sakina Gandhi turned this dream into a reality—without breaking the bank. By taking advantage of off-season deals on flights and hotels, the couple pulled off an unforgettable 13-day journey across Hungary, Slovakia, Austria, and the Czech Republic—all for under ₹3.5 lakh. “Our friends who were…

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