Loan for personal Home at Low Intrest rate

Launched in January this year, InstaCard is delivered to customers within an hour of applying for a credit card in quick and easy steps on net-banking. Private sector lender HDFC Bank has issued 3 lakh instant credit cards within a year of its launch. Launched in January this year, InstaCard is delivered to customers within an hour of applying for a credit card in quick and easy steps on net-banking, HDFC Bank said in a statement. With InstaCard, customers can do online transactions on e-commerce websites immediately on receipt of the InstaCard, it said, adding, the physical card is then delivered to the customers within a few days, it said. Popularly also known as digital credit card, an InstaCard is issued using a combination of credit bureau information, pre-qualification algorithms and checks in the application form, it added.

The high interest rates have been painful for borrowers and many are finding it tough to manage and repay existing loans. Commercial loan The commercial loan segment is not in the limelight but the rate hike in these accounts impacts the midsized businesses. Usually, small and medium businesses run on small margins, and therefore do not have much of a cushion to absorb the additional interest burden. During a high interest rate regime, small and medium businesses should reduce their dependence on bank loans and go for alternate funding for their business needs. Home loan The interest rates on home loans have gone up quite significantly. Although the RBI has indicated a pause on further key rate hikes, it does not mean the interest rates will start coming down in the short term. Home loan borrowers should remain in touch with their banks for special schemes to reduce the interest rate. Also, home loan borrowers should plan alternate sources of income or reduce the loa...