2021-03-05 11:52
International Women’s Day is not a single day event. Rather it is a reminder for equal & gender neutral world. This year, the theme for International Women’s Day 2021 is #Cho… Read More
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Latest Blog Posts Of Mymoneymantra Blog
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This is the officially blog of mymoneymantra. See the latest updates about loans, credit cards, insurance, etc.
2021-03-02 11:40
Home Loan Interest Rates continue to cheer residential buyers. The largest PSB State Bank of India (SBI) and private lender Kotak Mahindra Bank have further slashed housing finance interest… Read More
2021-02-24 06:27
A Home Loan Provisional Certificate is provided by your lender. It is a document that works as a legal proof of your Home Loan credit history and summaries details of Home Loan repayment, ca… Read More
2021-02-23 06:30
Every Indian & Non-Indian Resident who makes more than Rs 2.5 Lakh annually is mandated to file an Income Tax Return in our country. However, the IT Act, 1961, offers several tax saving… Read More
2021-02-22 05:35
SBI Xpress Credit Personal Loan
Good News for SBI Salary Account Holders. The largest public sector bank of the country, State Bank of India now allows its customers holding salary account w… Read More
2021-02-22 05:23
Loan against Sukanya Samriddhi Yojana
In the times of crisis one often looks for less expensive loan options such as low cost secured loans against pre-owned car, fixed deposits, gold etc. I… Read More
2021-02-19 11:52
A Personal Loan can be your best bet for fulfilling life long aspirations. Neither do you need collateral nor a guarantor to qualify for an unsecured loan. It has become easier, cheaper and… Read More
2021-02-18 12:00
Pay Rent with Credit Card
Year 2020 has strongly emphasised on the need for emergency fund. With a series of monthly payments such as Home Loan EMIs, Credit Card Bills, Housing Rent, Utility… Read More
2021-02-16 06:54
Personal Loans are all purpose loans and thus offer a lot of flexibility to the borrowers. Be it sudden or planned home renovation, medical expenses, education or associated costs like purch… Read More
2021-02-13 12:08
A Credit Card is a wonder product that comes loaded with multiple benefits. Besides offering you cash back, rewards and free credit period on available limit, it also offers you add-on benef… Read More
2021-02-12 10:19
Building Credit Score from start can be tricky. For, you ought to have a Credit History to build a CIBIL score. But this turns out to be a paradox as no bank or a financial institution will… Read More
2021-02-09 11:32
Good News for home borrowers in Delhi.
Delhi Cooperative Housing Finance Corporation Limited (DCHFCL) has slashed Home Loan interest rates from 7.45 per cent to 6.75 per cent. The news rates… Read More
2021-02-08 06:13
Thumbs up to Budget 2021 for boosting affordable housing. MyMoneyMantra brings an exclusive Post Budget Guide for new Home Loan aspirants. Real estate was already facing doldrums due to larg… Read More
2021-02-04 11:31
After pandemic ridden 2020, Budget 2021 is a shot in the arm to immunize the health of Indian economy. Let’s review union budget for financial year 2021-2022 and find out how it will i… Read More
2021-02-02 12:31
COVID19 reiterated need for adequate insurance in a stern manner. Taking stalk of the situation, the Finance Minister has hiked Foreign Direct Investment (FDI) to the sector from 49% to 74%… Read More
2021-02-02 10:59
Usage of Personal Loan EMI Calculator
Financial institutions are actively adopting technology for ushering in more transparency in their operations. This is being done to comply efficiently… Read More
2021-02-02 07:58
FM Nirmala Sitharaman has proposed removal of tax exemption on the interest income earned on the employee’s annual contribution above Rs 2.5 lakh to various provident funds. The step i… Read More
2021-02-01 12:39
Finance minister (FM) Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today. It is the first digital budget of India that lays a vision for Aatmanirbhar Bharat. According… Read More
2021-02-01 10:57
As the Finance Minister of India Nirmala Sitharaman announced Union Budget 2021-22 in Parliament today, i.e. 01.02.2021, there are some significant changes announced in regards to the taxati… Read More
2021-02-01 09:59
Finance Minister Nirmala Sitharaman has announced a major relief for senior citizens over 75 years of age. The FM in the Union Budget 2021-22 Speech said, senior citizens of 75 years and abo… Read More
2021-02-01 06:51
Finance Minister Nirmala Sitaraman launched PM Aatmnirbhar Swasth Bharat Yojana in addition to National Health Mission. Rs. 64,180 crore to be invested in health infrastructure over the &hell…Read More
2021-01-29 12:19
As the Union Budget 2021 is round the corner in India, all are geared up to watch what it is bringing on the table after almost 10 months of sufferings due to Coronavirus or Covid-19 pandemi… Read More
2021-01-28 10:59
Finance Minister N Sitharaman has launched Union Budget Mobile App for India’s first ever paperless budget, scheduled to be presented on February 1, 2021. The mobile app can be downloa… Read More
2021-01-25 06:56
2020 has been a difficult year for the government as well as taxpayers. The loss of income, disrupted business activity, eroded consumption & industry growth are just a few mentions in t… Read More
2021-01-22 08:10
As FM Sitharaman gears up to present the Union Budget on February 1, 2021, sector wise expectations are high that she will announce policy reforms to boost the consumption and get the econom… Read More
2021-01-15 12:07
IDFC First Bank is now offering an interest free credit card that allows cash withdrawal, claiming another industry first privilege by way of the lowest finance charges synchronized with cus… Read More
2021-01-13 09:05
With the rising prices of residential properties across India, the dream of becoming a homeowner seemed like a distant reality for a common man. This is why the government of India took the… Read More
2021-01-12 12:07
When you are a young professional, you are starting to become independent & money-wise. You start realizing that it is more of a responsibility than fun to handle finances; you learn to… Read More
2021-01-12 09:20
The year 2021 has not had the best start. As if the global economic slowdown was not already troubling the world enough, we now have a global pandemic in the form of COVID-19. Conventional w… Read More
2021-01-12 09:03
Getting a Secured Loan against your property is a very good choice when you need a large amount of money in a very short span of time. As we are preparing to come out of the COVID-19 induced… Read More
2021-01-12 06:55
The year 2021 is a watershed for all citizens of India, especially in terms of managing personal finance. This is the perfect time for everyone to start working towards their main financial… Read More
2021-01-09 08:49
State Bank of India announces a yet another New Year Gift for Home Loan customers. The largest lender of the country has expanded the scope of concession on effective interest rate for housi… Read More
2021-01-09 07:00
In the present day world of digitisation, it doesn’t come as a surprise that applying for a Personal Loan, and getting approved for the same, has become FAST in the true sense of the w… Read More
2021-01-08 10:33
With the country on lockdown amid the Coronavirus outbreak, it has indeed become necessary for people to rebalance the portfolios and analyze the health of their finances. Opting for an emer… Read More
2021-01-08 07:13
Instant Loans are all the rage these days. Almost anyone with a reliable source of income, KYC documents, and a mobile phone can apply for credit instantaneously. The process is extremely ea… Read More
2021-01-07 12:28
IDFC First Bank has brought a New Year Gift for Savings Account Customers. With effect from January 1, 2021 Savings Account customers will earn 7% interest on balances up to Rs 1 lakh. This… Read More
2020-12-28 09:40
A Personal Loan is one of the most efficient ways to get access to some additional funds, especially when you need to fulfil certain financial obligations such as renovating your home, spons… Read More
2020-12-25 12:54
Foreign Exchange Management Act (FEMA) guidelines have stipulated rules for handling money earned by Non Resident Indians (NRI). These rules are applicable to their earnings both in India an… Read More
2020-12-25 12:02
If you are looking for great features and benefits on your Credit Card, Citibank is your best bet. You have the advantage of a wide range of Credit Cards that meet all your requirements.
Whe… Read More
2020-12-22 07:19
Apart from comparing Home Loan interest rates, it is important to check Home Loan processing fee, stamp duty, registration charges, and other associated costs. Processing fee is a lump sum a… Read More
2020-12-18 12:23
A Savings Account is the first point of contact with a bank in any person’s life. For, it offers capital security, liquidity & interest income all at the same time. Besides, add-on… Read More
2020-12-15 06:37
Buying a residential property does not always entail buying a plot, newly constructed apartment, or an under-construction property. Many times, you opt for an already constructed home needin… Read More
2020-12-15 06:13
Everyone visualizes of owning a dream home one day. So, you feel this is the right time to buy your dwelling with a Home Loan. Generally, it is a hefty amount that applicants seek from the b… Read More
2020-12-14 05:12
In recent years, a rapid rise in the use of Credit Cards is seen in the country. The use of Credit Cards has indeed become much popular with the masses of all age groups.
Card Types
Annual F… Read More
2020-12-13 10:00
Non-Resident External or NRE account is a rupee account opened by NRIs to facilitate the transfer of funds to India. Funds which are generated overseas in any other currency are transferred… Read More
2020-12-13 08:35
For a developing nation like India, the banking sector plays a vital role in helping the economy move forward. Banks offer loans to agricultural as well as commercial players. Do you kn… Read More
2020-12-12 10:36
If you are getting innumerable emails and calls on pre-approved Personal Loan offer, do not be surprised! Getting a pre-approved Personal Loan based on salary and credit score is a cake walk… Read More
2020-12-12 09:24
Home Loans are long term commitments, generally spanning for a period of 10 to 20 years. While it may take more than a decade to pay entirely for your residential purchase, home related exp… Read More
2020-12-11 06:58
There are numerous reasons for which one may come across the need for additional funds in life. Right from the need of making a big ticket purchase to renovating one’s home, from trav… Read More
2020-12-10 08:50
Mortgage Loans are secured loans which can be obtained by mortgaging property. You can secure these loans for a variety of purposes including plot/home purchase, construction, renovation, e… Read More
2020-12-10 05:59
Fixed Deposits are one of the safest instruments to secure your savings and earn a guaranteed return. In fact Indian households have a conventional inclination towards fixed saving instrume… Read More
2020-12-07 10:46
India Post offers attractive rate of interest on small saving schemes. Whether you are a working professional, salaried employed, self employed or a housewife, these schemes are ideal for in… Read More
2020-12-02 11:05
Have a low CIBIL Score and need a Personal Loan urgently? Good news is you can avail a bank loan to meet your credit eligibility despite a low score or no credit history. The bad news howeve… Read More
2020-12-01 06:08
EPF or Employee Provident Fund is a social security scheme for salaried employees, administered by Employees’ Provident Fund Organisation (EPFO). Under this scheme, both employer and e… Read More
2020-11-29 12:00
A Home Loan is already a Type of Loan Against Property. The only difference is that the property in question does not belong to the applicant when he or she applies for the loan. There are… Read More
2020-11-27 13:22
A Housing Finance Company (HFC) is A Non-Banking Financial Company (NBFC) primarily engaged in business of financing purchase or construction of a residential unit. This may include direct o… Read More
2020-11-26 11:10
Ms Mubina Kapasi of ET Now interviews MyMoneyMantra Founder & Managing Director, Mr Raj Khosla on THE MONEY SHOW to discuss the topic of home ownership during pandemic. Here are the exce… Read More
2020-11-26 07:44
Our world is less than ideal, which is why it is almost inevitable for one to find themselves in a situation when they need some additional cash. This need could be for a wide variety of pu… Read More
2020-11-26 06:28
Having our own house is every person’s dream but seldom, to fulfill that dream, we end up taking humungous debts which we endlessly keep paying up till 20 to 30 years. A lot of people… Read More
2020-11-25 11:40
A personal loan is a credit facility offered by banks, non-banking financial companies (NBFCs), and other financial institutions to eligible borrowers to help them meet their immediate fina… Read More
2020-11-24 05:47
The arithmetic behind CIBIL score is in the consumer interest to understand. After all, your CIBIL Score defines your credit worth. As a rule of thumb, a Credit Score above 750 points makes… Read More
2020-11-23 11:38
RBL Bank and food delivery app Zomato have launched “Edition Credit Cards” in partnership with MasterCard. The Card comes as an ultimate food delight for customers as it comes wi… Read More
2020-11-20 07:31
The Supreme Court of India has asked the Central Government why Credit Card Users should get the benefit of compound interest waiver during the period of loan moratorium scheme of the Reserv… Read More
2020-11-18 12:19
The RBI has imposed one-month moratorium on Lakshmi Vilas Bank till 16 December, 2020. This has also resulted in capping of withdrawal limit at Rs. 25,000 for depositors.
The Central bank ha… Read More
2020-11-18 11:19
Reserve Bank of India has shared draft scheme of amalgamation to effectuate merger of Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). The announcement was made soon after holding th… Read More
2020-11-18 05:32
There are times in life, when you may need some financial assistance in order to fulfil one or more obligations. In such a case, looking forward to something as quick and hassle-free as the… Read More
2020-11-17 12:31
Term Loan is a loan from a bank, an NBFC or a financial institution that needs to be repaid according to a pre-defined repayment schedule. The loan is offered for a fixed term at a fixed or… Read More
2020-11-17 08:58
A Personal Loan is a credit, which is granted for personal use such as medical emergency or family use such as education, vacation or household such as house extension, house repair, and pu… Read More
2020-11-16 07:07
When you look for the options to fund your dream of owning a house, applying for a home loan seems to be the best alternative. Home Loan comes at a lower rate of interest and long repayment… Read More
2020-11-15 11:52
Whether you live in an urban setting, or a rural one, owning a vehicle has become more of a necessity today. Consequently, refilling the fuel tanks has also become a significant aspect of o… Read More
2020-11-15 07:36
If you are opting for a Home Loan, chances are that you already know about one of the most significant additional charges, over and above the interest, that you need to shell out while getti… Read More
2020-11-13 13:01
Buying a house is not a child’s play; right from selecting the house of your choice to Zeroing on to the Home Loan, everything is a Herculean Task and would squeeze out a lot of your t… Read More
2020-11-13 12:33
Bajaj Finserv is one of the most popular financial institutions of India and has made a mark for itself in the financial services industry over the years. Innovative financial products and e… Read More
2020-11-13 08:09
There are some unexpected times in life when you need quick funds to cater to your immediate financial needs. There can be a wedding in the house, an unexpected travel abroad, an unforeseen… Read More
2020-11-11 13:39
Indian consumers have massively included cashless transactions into their daily lives within the past couple of years. More and more people are on the lookout for the Best Credit Cards in I… Read More
2020-11-11 10:43
Ahead of Diwali festival HDFC has come up with an assured gift for its existing Home Loan customers. The largest private lender of the country has cut down its retail prime lending rates (RP… Read More
2020-11-10 05:42
If you have ever taken a loan, or are planning to procure one, you must have come across the concept of preclosure. Essentially, preclosure can be defined as the process of paying off a loan… Read More
2020-11-09 12:43
Do you remember the days when you used to stand in a line to watch your favourite movie on the first day, first show? Well, standing in queues is passé now, thanks to sites like Book… Read More
2020-11-09 12:20
Ahead of Dhanteras, the eighth tranche of Sovereign Gold Bond 2020-21 opens up for public. The SGB issued by the Reserve Bank India will be available for entire week preceding Diwali i.e. fr… Read More
2020-11-09 09:27
If you have been on the lookout for a Personal Loan, you might have come to understand the significance of a steady income and stable employment to qualify for this credit type. Given that… Read More
2020-11-09 08:19
Good News for Customers. Bank of India has waived of 100% Processing fee on Home Loans, Top Up Loans and Auto Loans ahead of Diwali.
BOI has announced its festive offer via social media and… Read More
2020-11-07 14:17
Have you lost your job due to COVID? Do you need urgent Cash Loan to tread through cash flow issues? Be it medical, personal or any of the unprecedented expense brooding on your shoulder; it… Read More
2020-11-06 07:57
Ahead of festival season, Fullerton India has released detailed guidelines and advisory for customers to opt for One Time Loan Restructuring to sail through COVID induced financial disruptio… Read More
2020-11-05 11:42
Ahead of festive Season Kotak Mahindra Bank has further slashed its Home Loan Interest Rates by 15 bps. The effective rate of interest will be 6.75% p.a. applicable from Nov 1 2020.
This com… Read More
2020-11-04 11:08
After Reserve Bank of India’s (RBI) announcement regarding loan restructuring, Canara Bank has released a set of detailed Frequently Asked Questions (FAQs) regarding its Resolution Fra… Read More
2020-11-03 14:12
Following RBI’s guidelines Fullerton Grihashakti has released its one time Home Loan restructuring advisory, FAQs and Home Loan Restructuring Calculator for the convenience of customer… Read More
2020-11-03 11:20
State Bank of India which prides itself as the ‘Banker to Every Indian,’ is known to offer a wide variety of Debit Cards, designed to fulfil the needs of all customers alike. No… Read More
2020-11-03 06:39
Purchasing a house of your own is nothing less than a dream come true. Of course, it isn’t essential for you to have the entire amount needed for this significant purchase at your dis… Read More
2020-11-02 13:35
A Credit Card applied solely for shopping helps to fetch some great offers and benefits while spending online as well as at offline stores. It is indeed vital to choose the right Credit Car… Read More
2020-11-02 11:58
For those who dream of owning a home of their own but don’t want to go through the tedious process of construction, buying a ready property in the resale market is a convenient s… Read More
2020-11-02 10:51
After the Reserve Bank of India (RBI) released the ‘Resolution Framework for COVID-19 Related Stress’ in September 2020, Canara Bank has explained its guidelines for Resolution F… Read More
2020-11-02 09:18
List of Best Student Credit Cards in Bihar
Card Name
Cards Type
Joining fee
Annual Fee
Bihar Student Credit Card (BSCC) Scheme
Education
Nil
Nil
HDFC Multicurrency Platinum… Read More
2020-11-01 13:23
Gold holds a very special place in the minds of people of India. It holds a lot of value not only in monetary terms but culturally also. In our country, gold is the only commodity that has… Read More
2020-11-01 12:20
List of Best Student Credit Cards in India in 2020
Card Name
Cards Type
Joining fee
Annual Fee
HDFC Multicurrency Platinum ForexPlus Chip Card
Currency Wallets
Rs. 500/- plus applica… Read More
2020-11-01 10:47
In times of financial exigencies, Personal Loans offer you the much-required financial flexibility. There is no need to dip into your savings to meet the requirement at hand. You can avail… Read More
2020-10-31 11:29
SBI Card & Delhi Metro Rail Corporation (DMRC) have launched a co branded Credit Card which can be used as a contact less multipurpose Credit Card and a metro Smart Card.
The customers c… Read More
2020-10-30 11:40
In line with the RBI’s Restructuring Scheme launched for one-time loan restructuring for COVID-19 related stress, IDBI Bank has explained their MSME restructuring or rehabilitation pol… Read More
2020-10-29 11:50
Life Insurance policy – almost all of us have heard this term and are aware of its importance in life. A Life Insurance provides financial security (in the form of sum assured) to the… Read More
2020-10-29 11:30
To deal with the economic fallout and the financial stress caused by extended lockdowns due to the COVID-19 pandemic, the Reserve Bank of India (RBI) has recently issued a circular providing… Read More
2020-10-29 09:14
Real estate market in India has been mostly stagnant since the past few years. But recently, the market has slowly picked up the pace, and consistently showing signs of improvement. The pri… Read More
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