Know your Home Loan

Refinance has become a common way of repaying existing debts and creating new ones. Refinancing in simple terms means replacing your existing loan, with a new one, under fresh terms and conditions. The new loan or refinance taken for the payment of earlier loan is always at lower interest rates so that the person can […]

Base Rate for loans is effective from July 1, 2010. Base Rate is a more objective reference number than the benchmark prime lending rate (BPLR). The impact of Base Rate for individual customers could be 25 basis points more or less when compared to the current rate of interest that is being paid. However, existing […]