CAR LOAN REPAYMENT
Himachal Pradesh defers salaries of CM, ministers, MLAs for six months
Himachal Pradesh government has announced a six-month salary deferment for its Chief Minister, Cabinet Ministers, and MLAs. This measure aims to manage the state's finances prudently. The Chief Minister will see a 50 percent deferment, while Ministers and MLAs will face 30 percent and 20 percent deferments respectively.
Are loans pushing young earners into a trap? 22-year-old with good salary questions EMI culture. ‘Shouldn't people just save up instead’
A 22-year-old earning well sparked an online discussion after questioning the growing reliance on EMIs for big purchases. Sharing a past struggle with loan repayments, the user asked why people don’t prefer saving first instead of taking on debt early in their careers. The post, shared on Reddit, drew mixed responses, with some calling EMIs a useful financial tool if used wisely, while others warned that poor spending decisions can turn them into a long-term burden.
Pakistan cuts petrol prices by 80 rupees per litre amid Israel-Iran war
Pakistan will reduce petrol prices by 80 rupees per liter to 378 rupees. This cut comes from the government's petroleum levy. The decision follows a recent hike in diesel and petrol prices. Global oil price increases due to the Middle East conflict were cited for the earlier rise. This price adjustment offers relief to consumers.
The hidden architecture of debt: How companies can make their debt obligations disappear
Investors often read balance sheets, earnings reports, and ratios as if they show the full picture. But even when the numbers are technically correct, important risks can remain hidden. Some obligations sit outside the balance sheet, buried in notes that few investors read closely. These off-balance sheet items can involve real commitments and real future losses, despite not appearing in the main statements. For investors, the key is to know when this reflects normal accounting judgement and when it begins to hide true financial risk.
Repaid your car loan but unable to sell? Your vehicle may still be marked as hypothecated to the bank; you need to do this now
Paying your final car loan EMI doesn't automatically make the vehicle legally yours. Hypothecation, where the bank's name appears on your registration certificate, remains until you formally remove it. You must obtain a No Objection Certificate (NOC) and Form 35 from the lender and submit them to the RTO to transfer full ownership.
Govinda's video of dancing at school event in UP's Pratapgarh sparks bankruptcy rumours, 'Hero No 1' actor says...
A video of actor Govinda dancing at a school function in Uttar Pratapgarh has gone viral on social media and has sparked bankruptcy rumours. The 'Hero No 1' actor responded to the video and said social media is beyond people's control, addign that people say things online without confirming the facts. In February, Govinda's manager dismissed the speculations that the actor had gone bankrupt after he was seen taking a taxi for the airport.
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CA explains the concept of ‘Silent EMIs’ that quietly create debt and financial anxiety. The one question to fix this money mistake
Chartered Accountant and Zactor Money co-founder Abhishek Walia has explained the idea of “silent EMIs” — recurring lifestyle expenses that don’t appear as loans but function like debt. In a post on LinkedIn, he said costs such as high rent, school fees, subscriptions and lifestyle upgrades slowly reduce financial flexibility and increase stress.
Rs 30,000 salary, Rs 40 lakh debt? Why Gen Z is slipping into a dangerous borrowing trap, plus 7 red flags to watch
Young Indians, particularly Gen Z, are facing a growing debt crisis. Easy digital loans and lifestyle demands are pushing them into significant debt. Many struggle to repay, leading to harassment and financial ruin. Experts highlight the need for responsible borrowing and financial literacy to navigate these challenges and avoid a widespread crisis.
Bengaluru techie earned Rs 18 LPA, but saved only Rs 3 lakhs: Then his one big decision boosted savings to Rs 90 lakhs
A Bengaluru-based tech professional earning around ₹18 lakh per year was managing to save only ₹3–4 lakh annually due to rent, family responsibilities and travel costs. His experience was shared by Abhishek Singh on X, where he explained how his friend later chose to pursue a Master’s degree in the United States, taking a loan of about $75,000 for tuition and living expenses.
Wealth quote of the day: Never spend money before…. by Thomas Jefferson
People often fall into debt traps due to easy spending in the digital age. Unproductive, high-cost debts like credit card balances grow rapidly. This situation arises when spending exceeds income. While credit is vital for education and housing, impulsive borrowing for lifestyle expenses creates long-term debt cycles. Thomas Jefferson's advice to not spend money before earning it remains relevant.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
In the short term, market sentiment is governed by how and why stock prices move. When prices are rising, you will hear 20 explanations for why they are doing so. Similarly, there will be 25 explanations for why they are falling. But, as always, in the long term, it is earnings and valuations that matter to the street. So, focus on how things are panning out in terms of the fundamentals and earnings of companies and sectors.
Is the clean-up behind them? Time to look at smaller NBFCs without bias? 6 NBFC stocks with an upside potential of up to 30%
When a sector has too many weak players they eventually get weeded out. Either by market forces or by a regulatory clean-up. For instance, this happened in the power and construction sectors. After a major crisis hit the NBFC sector some eight years back, the RBI stepped in to undertake a clean-up. The clean-up, however, has been a gradual process for this sector. So, have we reached a stage where we can forget about past scandals and look at companies in the sector once again?
Bank of Baroda slashes car loan rates by 30 basis points to 7.6%
Bank of Baroda has lowered its car loan interest rates. The floating rate now begins at 7.6 percent annually. A fixed rate option starts at 8.5 percent per annum. These new rates apply to new car purchases and depend on the borrower's credit profile. Borrowers also enjoy zero prepayment charges on floating rate loans.
Car loan EMIs drop for these Bank of Baroda loans as lender slashes interest rates
Bank of Baroda has reduced its floating car loan interest rates by 30 basis points, bringing the starting rate down to 7.60% p.a. This move follows the RBI's decision to maintain the repo rate. The bank also offers a fixed rate starting at 8.50% p.a. and zero prepayment charges on floating rate loans for individuals.
Paid your car loan but struggling with NOC and hypothecation removal by RTO? You can now do it online on parivahan portal
Vehicle owners can now easily remove the hypothecation clause from their Registration Certificate online after repaying car loans. This process, known as hypothecation termination, is essential for clear ownership.
Car ownership made easy with Bajaj Finserv New Car Finance
With a high-value loan, quick approval facility and flexible repayment tenures, Bajaj Finance makes the borrowing experience hassle-free and convenient.
Best car loan interest rate 2023: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Canara Bank
Car loan interest rates: The tenure of car loan varies from a few months to 3 years depending on the bank. You can choose any repayment option from 12 to 84 months. Here are the top banks’s car loan interest rates.
SBI vs ICICI Bank vs HDFC Bank vs Bank of Baroda: Top banks’ car loan interest rates
Those looking to take a car loan must shop around for the lender who is ready to give you the right amount of loan at the lowest interest rate. Here are the car loan interest rates of State Bank of India (SBI), ICICI Bank, HDFC Bank and Bank of Baroda.
Buying a used car? You will soon have a lot more choices
According to OLX India, demand for used cars on its platform was 133% more in August than February this year. Growth in supplies in the period was slower at 112%. Maharashtra, Delhi, Kerala, Tamil Nadu and Karnataka are the top states in terms of used luxury car listings.
Volvo Car India partners with HDFC Bank to launch Volvo Car Financial Services
The service facilitates finance of up to 100 per cent of ex-showroom price of the car and offers convenient repayment options, with no foreclosure charges under specific conditions, the company said in a statement.
HDFC Bank's auto loans to have step-up repayments
HDFC's step-up repayment feature will reduce installments by 22-25% and bullet repayment feature will enable paying EMIs for only 30-50% of the loan amount.
Note ban hasn’t hit loan repayment
According to data shared by the firm, its cumulative collection efficiency in fact improved to 91.2% in the demonetisation period during November 11 to December 15.
Lenders offer lower EMIs on car loans, waive off processing fee to lure buyers
An analysis by Bank Bazaar. com reveals that the EMI for festive auto loans from prominent banks ranges from Rs 2,137 to Rs 2,199 per lakh.
Repayment of car loan to be must to sell vehicle
Soon, it would be impossible for anyone to sell off a vehicle without 100% repayment of the bank loan.
Borrowing is not a bad idea for overseas vacation
Going on a holiday to Europe or swiping your credit card to buying an LCD is not a bad idea, provided you have saved for it.
SBI brings teaser rates to car loan market
SBI car loan scheme offers car loans at 8% for the first year and 10% for the 2nd & 3rd years
Query Corner: Tax
Our expert helps you understand the complexities of tax in this weekly column.
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