Almost half of drivers believe an MOT is a guarantee their car will be safe to drive for the next 12 months. A valid MOT certificate only confirms that a car has met the minimum standard of roadworthiness at the moment the test was completed. But 47 per cent assume […]
Banks unlikely to match RBI’s rate cut any time soon
::__IHACKLOG_REMOTE_IMAGE_AUTODOWN_BLOCK__::0 Mumbai: Indian bankers say piles of bad debt and the high cost of deposits mean they are unlikely to reduce interest rates on loans by as much as the central bank cut its key lending rate in a bid to spur growth. The reluctance of bankers to pass on […]
All you need to know about peer-to-peer lending platforms
Peer-to-peer (P2P) lending platforms offer themselves an easy solution to borrow money for short-term requirements. This could be buying consumer electronics, medical emergency, repay credit card dues, home renovation, business loan, travel loan, or other such needs. They find it easier to borrow from P2P lending platforms compare to traditional […]
Confidence in property industry at low point
A survey has found that at the end of 2018 confidence in Australia’s property industry fell to its lowest level in five years. According to the ANZ/Property Council of Australia survey, overall confidence in the Australian property industry fell by 11.3% over the past 12 months, reaching its lowest point since […]
Struggling to save money? These 5 tips may help millennials achieve the goal
Anil Rego One of the main grouses that many in the new generation have is that there isn’t enough money to save. Beyond the noise is the sober fact that saving money requires as much effort, if not more, as earning it. The entire ecosystem around us is about consumption. […]
NAB and other banks cut mortgage rates
National Australia Bank (NAB) last week cut fixed and variable mortgage interest rates on selected home loans. Other banks that also shifted their rates last week included AMP, Teachers Mutual Bank and Adelaide Bank. NAB’s Base Variable Home Loan Special saw its interest rate reduced by 20 basis points to 3.79% p.a. (comparison […]
Health insurance: Key points to keep in mind while buying a policy
Ronak Morjaria In the current wedding season, I have been meeting lot of friends, relatives and clients. I usually tend to ask whether they have a health insurance cover (mediclaim) or not. Some of them are covered, while some are not covered but plan to buy one. The ones who […]
Two of Australia’s biggest banks have changed their mortgage rates
Considering a home loan with Macquarie Bank or ING? It may have just gotten cheaper. Both banks have made changes to a wide variety of their mortgage rates, with Macquarie lowering rates by up to 60 basis points and ING by up to 40 basis points (see tables below). ING has […]
Should you take this ‘bridge’ to a bigger home?
Piramal Capital and Housing Finance Company has launched a new home loan scheme—Bridge. This scheme is a short-term home loan especially for customers who would like to purchase a new house without immediately selling their existing house. Hence, this product basically covers the funding gap between the purchase of the new […]
Budget 2019 and Beyond: A debt market perspective
Joydeep Sen The Interim Budget presented by the interim Finance Minister, in the interim of the quarter was the interim event of the current government’s final months in power. The debt market, as usual, obsessed over the fiscal deficit numbers for the current financial year i.e. 2018-19 and the projected […]
Here’s a guide on how to choose the right debt fund for your portfolio
There are 338 debt funds in the Rs 24-trillion (Rs 24 lakh crore) Indian mutual funds industry. Another 843 of these are fixed maturity plans (FMP). There are 16 different categories of debt funds. Even if you leave out all the FMPs since they are closed-ended (mind you, there are […]