When you take a home loan, you agree to pay Equated Monthly Installments (EMIs) on time each month. But sometimes, an EMI payment can fail or “bounce.” This comprehensive guide explains an EMI bounce, … READ FULL STORY
Defaulting on a home loan can have serious repercussions, affecting not only your financial standing but also your future opportunities. For many in India, a home loan is the pathway to achieving homeownership, but … READ FULL STORY
March 15, 2024: A bungalow near Bollywood star Amitabh Bachchan’s bungalow Jalsa in Mumbai’s Juhu is set to be auctioned, according to a public notice by Deutsche Bank as per media reports. Deutsche Bank … READ FULL STORY
Were you aware that failing to make timely loan payments could lead banks to invoke the SARFAESI Auction Act? Curious about its implications? This act empowers financial institutions to auction your property if you … READ FULL STORY
Under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act), a borrower can redeem his mortgaged property only till the publication of an auction notice … READ FULL STORY
Getting a home loan is one of the easiest and most viable options to finance a house purchase. Home loan EMIs can be a substantial amount. However, it is necessary to plan and ensure … READ FULL STORY
If a buyer takes a loan from a financial lending institution such as a bank and fails to repay it within the deadline, he may be in trouble. While the financial institution may extend … READ FULL STORY
Bank of Baroda (BoB) has seized part-possession of Nirmal Mall in Mumbai’s Mulund after developer Dharmesh Jain of Nirmal Lifestyle failed to repay a loan of Rs 161.38 crore. Bank of Baroda had served … READ FULL STORY
CERSAI meaning The CERSAI has been established by the government to keep in check instances of fraud, in cases where properties are used as a collateral to get loans. In this article, we will … READ FULL STORY
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … READ FULL STORY
The government, on July 18, 2019, made the anti-money laundering law more stringent, through amendments to the Finance Bill, 2019, in the Lok Sabha, which was later approved by the house, by a voice … READ FULL STORY
