Finance
Your Home Loan EMI Is Set To Rise – Here’s Why

Monthly home loan EMIs are set to increase in the coming months due to an expected further hike in the repo rate by the Reserve Bank of India (RBI). When the interest rate rises, lenders usually adjust by increasing the loan tenure. However, there is limited scope for extending the loan tenure now. So, banks and other housing finance companies will increase the home loan EMI if the repo rate is increased further.
Home Loan Interest Rates of Top Lenders in Percent?
Public Sector Banks
Loan amount | |||
---|---|---|---|
Lender | Up to Rs. 30 Lakhs | Rs. 30 to 75 Lakhs | Above Rs. 75 Lakhs |
Indian Overseas Bank | 7.95 to 8.30 | 8.05 to 8.30 | 8.20 to 8.30 |
State Bank of India | 7.55 to 8.55 | 7.55 to 8.45 | 7.55 to 8.45 |
Union Bank of India | 7.40 to 9.15 | 7.40 to 9.35 | 7.40 to 9.35 |
Bank of India | 7.40 to 9.25 | 7.40 to 9.25 | 7.40 to 9.25 |
Punjab National Bank | 7.45 to 8.85 | 7.40 to 8.55 | 7.40 to 8.50 |
Bank of Baroda | 7.45 to 8.95 | 7.45 to 8.95 | 7.45 to 9.20 |
Punjab and Sind Bank | 7.40 to 8.50 | 7.40 to 8.50 | 7.40 to 8.50 |
UCO Bank | 7.40 to 7.60 | 7.40 to 7.60 | 7.40 to 7.60 |
Bank of Maharashtra | 7.30 to 9.20 | 7.30 to 9.35 | 7.30 to 9.45 |
Canara Bank | 7.05 to 11.85 | 7.05 to 11.85 | 7.05 to 11.85 |
Private Sector Banks
Loan Amount | |||
Lender | Up to Rs. 30 Lakhs | Rs. 30 to 75 Lakhs | Above Rs. 75 Lakhs |
RBL Bank | 10.30 to 12.00 | 8.70 to 9.10 | 8.70 to 9.00 |
Federal Bank | 8.55 to 8.60 | 8.60 to 8.65 | 8.65 to 8.70 |
Karur Vysya Bank | 7.15 to 9.35 | 7.15 to 9.35 | 7.15 to 9.35 |
HSBC | 6.85 to 7.75 | 6.85 to 7.75 | 6.85 to 7.75 |
Bandhan Bank | 7.30 to 13.50 | 7.30 to 12.65 | 7.30 to 12.65 |
Kotak Mahindra Bank | >= 7.50 | >= 7.50 | >= 7.50 |
ICICI Bank | 7.60 to 8.20 | 7.60 to 8.35 | 7.60 to 8.45 |
Axis Bank | 7.60 to 12.50 | 7.60 to 12.50 | 7.60 to 8.05 |
Karnataka Bank | 7.74 to 8.99 | 7.74 to 8.99 | 7.74 to 9.09 |
South Indian Bank | 7.75 to 10.50 | 7.75 to 10.50 | 7.75 to 10.50 |
CSB Bank | 8.09 | 8.09 | 8.34 |
Tamilnad Mercantile Bank | 7.95 | 7.95 | 7.95 |
Dhanlaxmi Bank | 7.85 to 9.00 | 7.85 to 9.00 | 7.85 to 9.00 |
Housing Finance Companies
Loan Amount | |||
Lender | Up to Rs. 30 Lakhs | Rs. 30 to 75 Lakhs | Above Rs. 75 Lakhs |
Bajaj Housing Finance | 7.20 onwards | 7.20 onwards | 7.20 onwards |
ICICI Home Finance | > = 9.20 | > = 9.20 | > = 9.20 |
Repco Home Finance | > = 7.45 | > = 7.45 | > = 7.45 |
Godrej Housing Finance | 7.49 to 10.99 | 7.49 to 10.99 | 7.49 to 10.99 |
LIC Housing Finance | 7.50 to 8.60 | 7.50 to 8.80 | 7.50 to 9.00 |
Home First Finance | 8.00 to 18.00 | 8.00 to 18.00 | 8.00 to 18.00 |
PNB Housing Finance | 7.50 to 16.75 | 7.50 to 16.75 | 7.60 to 10.70 |
Aditya Birla Capital | 8.00 to 12.50 | 8.00 to 12.50 | 8.00 to 12.50 |
HDFC | 7.55 to 8.75 | 7.55 to 9.00 | 7.55 to 9.10 |
Indiabulls Housing | > = 7.60 | > = 7.60 | > = 7.60 |
GIC Housing Finance | > = 7.74 | > = 7.74 | > = 7.74 |
Tata Capital | > = 7.75 | > = 7.75 | > = 7.75 |
Impact of Rising Home Loan EMIs
So, what is the impact of rising home loan EMIs? ICRA has said that rising home loans present a challenge to housing finance companies. Generally, lenders increase the EMIs while keeping the tenures constant or vice versa to deal with rising interest rates.
However, incremental loans in the prime home loan segment already have long tenures and increasing them will lead to a huge outflow of interest. It will also expand the tenure beyond the working life of the borrower. Manushree Saggar, Vice President & Sector Head, Financial Sector Ratings said that the impact is expected to be lower in the case of the affordable home loan segment.
But, even with revised EMIs, the increase in FOIR (Fixed obligation to income ratio) is expected to be less than 10% only unless the original loans were given at very high FOIRs. So, the FOIRS are anticipated to be manageable only.
According to ICRA, lenders may not pass on the burden of the increase entirely to the borrower. ICRA said that as per its estimates, HFCs have increased the lending rates by about 50 to 100 basis points (BPS) in H1FY2023 compared to the hike of 190 BPS in benchmark repo rates. Also, some lenders may follow a hybrid course of changing both EMI and tenures to manage the monthly debt burden of borrowers.
Ways To Reduce The Home Loan EMI Burden
#1 Check If You Are Under The Old Interest Rate Regime: If your loan is old and has been taken before October 2019, then the interest rate regimen is likely to be base rate, BPLR, or MCLR. After 2019, all the loans were shifted to the external benchmark rate. So those with old loans must check the regime and interest rate they are paying to the lender. If it is much higher than the lender’s EBR, then this is the correct time for you to convert to the EBR regime by paying a nominal fee.
#2 Shift Your Loan To A Lower Interest Rate: If the interest rate with your lender is much higher compared to other lenders after the hike in interest rate, then you have to consider shifting your loan to a lender who offers lower interest rates. Most housing finance companies other than top ones like HDFC and LICHFL usually charge a higher interest rate compared to top banks. So, if you are eligible for a loan from a top bank, then you can shift your loan to one. Especially, if the difference in interest rate is 0.5% or more, then this is the correct time to transfer the loan.
#3 Negotiate A Lower Rate With Improved Credit Score: Initially, when the credit score is low, borrowers may not get a home loan at lower interest rates. After improving the credit score, income, job, etc., borrowers can go in for a home loan transfer to get lower interest rates.
#4 Increase The Home Loan Tenure: If you are not able to cope up with making your EMI payments after a hike in interest rates, then you can request your lender to increase your loan tenure. Suppose you are 40 years old and you have taken a loan for 15 years, then you can get the tenure increased to 20 years.
#5 Home saver option: If you want to save on the interest rate, you can open an overdraft savings or current account. The borrower can deposit his surpluses and withdraw from them as per his financial requirements. In these loans, you have to pay the interest as long as you are able to pay the principal only. The interest is computed after deducting the money deposited in your overdraft account from the outstanding loan amount.
#6 You Can Prepay Your Loan: You can prepay your loan if tenure extension is not possible. Since most home loans are taken with floating interest rates, there will be no prepayment penalties.
#7 You can take a hybrid loan: You can take a home loan which allows you to pay a fixed rate of interest in the initial years and then switches over to a floating rate of interest. In this way, the hike in interest rate will not affect your tenure or your EMI.
Conclusion
Interest rates on home loans may be subject to frequent changes. But, borrowers can tackle the hikes by using the various options listed above. They can opt between extending the home loan tenure or paying higher EMIs based on their financial situation.
Read more about Can You Get a $700 Loan With No Credit Check at PaydayDaze?
Finance
Want To Be Amazed – Choose Investment Banking

Skills that amaze anyone, passion that can get you anything, and knowledge that everyone seeks for, are you looking for something similar that can shift you towards having a blasting career. If you are aiming for a career that can fill in your bank accounts and along with let you have a rewarding career, then Investment banking is your one stop opportunity to have a blessed and shining career. Pursuing a certification in investment banking is the most rightful choice that you can make in this ever-going world and businesses. Companies require individuals who are talented and skillful enough to let them find and grasp opportunities, merge or acquire potential ventures and can help in their portfolio management. All this is the power of an Investment Banking course. Having an investment banking title with your name enhances your value. Continue reading to know more about investment banking course certification, investment banking courses fees, and other necessary details about investment banking.
Intro to Investment Banking?
What is investment banking? it is a specialized segment that assists individuals, corporations, and governments in raising capital to help grow business, there are many ways to raise capital, may it be through equity or raising loans, an investment banking professional through his/her expert knowledge finds out the optimum way of raising money, Investment bankers are a pro in providing financial consultancy services. Investment bankers assist with the transactions related to initial phases of incorporating a company, they aid in the sale of securities, and help facilitate mergers and acquisitions, reorganizations, and broker trades for both institutions and private investors.
Why Choose an Investment Banking Certification?
- Global Recognition: Certifications in investment banking are acknowledged internationally, opening doors to career opportunities in multinational companies and diverse industries.
- Comprehensive Skill Development: The curriculum covers a broad spectrum of topics, including financial modelling, valuation, and strategic management, ensuring well-rounded expertise.
- Flexibility: Many investment banking courses offer flexible study options, allowing you to learn at your own pace, which is ideal for working professionals or students balancing other commitments.
- Ethical Focus: An integral part of these certifications is the emphasis on ethics and professionalism, preparing you to make sound decisions in complex business environments.
Investment Banking Course Structure and Syllabus
Investment banking courses are designed to provide a comprehensive understanding of the industry. While the specific syllabus may vary between institutions, a typical course includes the following modules:
- Introduction to Financial Systems
This module provides a comprehensive introduction to financial systems, covering concepts, structures, major components, and roles. It identifies financial markets, institutions, and instruments in the global economy and how collective action enables the flow of capital and investment.
- Equity Markets
Focuses on how stocks are issued, traded, and valued. Topics include understanding stock exchanges, trading mechanisms, market participants, factors determining stock prices, and investor behavior.
- Valuation Techniques
Provides an overview of how companies and financial assets are valued. Discusses vital methods such as Discounted Cash Flow analysis, Comparable Companies Analysis, and Precedent Transactions to make informed investment decisions.
- Financial Modelling
Teaches the creation of abstract representations (models) of a company’s financial performance. This includes building models from scratch, forecasting, and scenario analysis.
- Mergers and Acquisitions (M&A)
Covers the strategies and processes involved in M&A transactions, including deal structuring, negotiation tactics, and post-merger integration.
- Capital Markets
Explores the mechanisms of capital raising through equity and debt markets, including Initial Public Offerings (IPOs) and bond issuance.
- Risk Management and Regulation
Discusses the identification, assessment, and mitigation of financial risks, along with an overview of regulatory frameworks governing investment banking activities.
Additional Requirements
To qualify for a certification in investment banking, you may also need to:
- Complete Practical Assignments: Engage in case studies and real-world projects to apply theoretical knowledge.
- Pass Examinations: Successfully clear assessments that test your understanding of the course material. Passing the examination is no difficult step if Zell Education is on your side, Zell provides a comprehensive Investment banking course/program along with internship opportunities.
- Gain Practical Experience: Some certifications may require or recommend a certain amount of relevant work experience.
Career Opportunities with Investment Banking Certification
An investment banking certification opens up diverse career paths, all the investment banking courses fees paid is the most profitable investment as they will help you in finding and high paying roles such as:
- Investment Banking Analyst
- Financial Analyst
- M&A Advisor
- Equity Research Analyst
- Capital Markets Specialist
Professionals with this certification are in demand across various sectors, including public practice, corporate, financial services, and public sector organizations.
Conclusion
You now know evidently what is Investment banking, the journey to earn an investment banking certification is a strategic move toward a successful and fulfilling career in finance. With its comprehensive curriculum, global recognition, and emphasis on ethics and professionalism, this certification equips you with the tools to excel in the dynamic world of investment banking.
Finance
Unlock Smart Wealth Strategies with Gomyfinance.com Invest: Your Gateway to Financial Growth

In the rapidly evolving world of finance, the digital age has brought a wave of new platforms designed to make investing easier and more accessible to a broader audience. One such platform that has been making waves is gomyfinance.com invest. In this article, we will explore what gomyfinance.com is, how it works, and whether it’s a smart choice for potential investors.
What is gomyfinance.com?
Gomyfinance.com Invest is an online investment platform that aims to democratize access to investment opportunities. The platform promises to provide users with a streamlined experience for making informed investment decisions. Unlike traditional investment methods that often require a financial advisor or a detailed understanding of the stock market, gomyfnance.com seeks to simplify the process through technology and user-friendly tools.
The site offers various financial products and services, ranging from stocks and bonds to more complex financial instruments like ETFs and mutual funds. It’s designed for both beginners and seasoned investors looking for a more efficient and accessible way to manage their investment portfolios.
Key Features of gomyfinance.com
- User-Friendly Interface
One of the standout features of gomyfinance.com is its intuitive and simple-to-navigate interface. Whether you’re a beginner or an experienced investor, the platform is designed to guide you through every step of the investment process. Clear instructions, helpful charts, and informative guides help users make smarter investment decisions. - Investment Opportunities
Gomyfinance.com offers a wide range of investment opportunities, including stocks, bonds, ETFs, and other financial instruments. The platform provides detailed information on each investment option, helping users understand the risks and potential returns. Additionally, it offers options for both short-term and long-term investors. - Personalized Investment Plans
A key selling point of gomyfinance.com is the ability to customize your investment portfolio. Through a series of questions, users can outline their financial goals, risk tolerance, and time horizon. Based on these inputs, the platform provides personalized recommendations to help users achieve their investment objectives. - Educational Resources
Gomyfinance.com offers various educational resources to help users build a stronger understanding of investing. This includes articles, video tutorials, and webinars that cover topics ranging from basic investing principles to advanced strategies. These resources are particularly valuable for beginners who want to gain confidence before diving into the world of investments. - Security and Regulation
When it comes to investing online, security is paramount. Gomyfinance.com adheres to strict security protocols to ensure that users’ financial data is protected. The platform is also regulated by financial authorities, offering peace of mind that users are engaging with a legitimate and trustworthy service. - Customer Support
Gomyfinance.com provides customer support through various channels, including email, live chat, and phone support. The platform’s customer service team is available to answer questions and resolve issues promptly, making the investment process smoother for users.
How Does gomyfinance.com Work?
Getting started with gomyfinance.com is simple. The first step is to create an account. Users are required to provide some basic personal information, such as their name, contact details, and financial background. Once the account is set up, users can begin exploring the platform’s offerings.
After signing in, users are prompted to complete a brief questionnaire that assesses their financial goals, risk tolerance, and investment preferences. Based on the answers, gomyfinance.com generates personalized investment recommendations tailored to the user’s profile.
From there, users can begin investing in the options recommended by the platform or explore other investment opportunities available. Gomyfinance.com also provides a portfolio tracker that allows users to monitor the performance of their investments in real-time.
Benefits of Using gomyfinance.com
- Accessibility
One of the biggest advantages of gomyfinance.com is its accessibility. The platform is available to anyone with an internet connection, making it easy for people worldwide to start investing. Whether you’re at home or on the go, you can access your account and manage your investments with just a few clicks. - Low Fees
Traditional investment platforms often charge hefty fees, including management fees, trading commissions, and hidden costs. Gomyfinance.com, however, offers a more transparent fee structure with lower fees compared to many other platforms. This makes it an attractive option for those who want to minimize their investment costs. - Diversification
Gomyfinance.com allows users to diversify their portfolios by offering a wide range of financial products. Diversification is a key principle in reducing risk, and the platform’s offerings make it easier for users to spread their investments across different asset classes. - Hands-Off Investing
For those who don’t have the time or expertise to actively manage their investments, gomyfinance.com provides a hands-off approach through automated investment solutions. The platform offers robo-advisory services that automatically adjust portfolios based on market conditions, ensuring users’ investments are optimized without requiring constant attention.
Risks and Considerations
While gomyfinance.com offers numerous benefits, there are some potential risks to keep in mind. As with any investment platform, there are no guarantees of profits, and users must be prepared for the possibility of financial loss. Gomyfinance Invest Additionally, the platform’s automated features may not always make the best decisions for every user, especially if their financial situation or market conditions change unexpectedly.
Investors should also be mindful of the potential for high-risk investments, particularly in volatile markets. It’s essential to thoroughly research any investment opportunities before committing substantial funds. Gomyfinance.com offers educational resources, but it’s still important for users to exercise caution and ensure their investment choices align with their long-term goals.
Conclusion: Is gomyfinance.com a Smart Investment Choice?
Gomyfinance.com is an innovative platform that offers a range of investment opportunities for both beginner and experienced investors. With its user-friendly interface, personalized investment recommendations, educational resources, and low fees, it has the potential to simplify the investment process and help users grow their wealth.
However, like any investment platform, it comes with risks, and users should proceed with caution. While gomyfinance.com aims to make investing accessible to everyone, it’s still important to understand the fundamentals of investing and be prepared for the inherent risks.
For those seeking a streamlined and accessible approach to investing, gomyfinance.com could be a solid choice. However, it’s always a good idea to do your own research and ensure that any investment decisions align with your financial goals and risk tolerance.
Ultimately, gomyfinance.com provides an accessible entry point into the world of investing, but as with any financial decision, it’s important to approach it thoughtfully and with a clear understanding of the risks involved.
Finance
How Can You Start Planning for Retirement in 2025?

Evaluate Your Current Savings
Review what you have saved so far to begin your retirement preparation. Knowing this allows you to visualize your future demands and the additional amount of money you will need to save. Review all of your accounts—including IRAs and 401(k)s—very carefully. You can, therefore, ensure that your savings are in line. Another important consideration is the annual income you will require once you retire from employment. Check into your different sources of income, like Social Security. Getting a handle on these things now puts you in a better spot to create a strong plan for 2025.Consider Retirement Account Options
If you want to plan well for retirement, you should open a specific account or increase what you already put in. There are many choices out there. Think about a 401(k) plan if you get it through work because it even gives you extra money to save. Self-employed people should look into plans like SEPs or simple IRAs. For general savings, a traditional or Roth IRA could be good, too. It’s important to save as much money as possible in these accounts. The good news is money grows tax-free here, so saving more for retirement becomes easier. Just remember, the earlier you start saving, the more time your money has to grow.Think About Other Income Sources
To secure a stable future after retirement, it is essential to have a backup plan other than savings alone. Social Security can serve as one such safety net; however, its advantages greatly depend on when you begin taking them. Another option could be pensions if they’re offered at your workplace. Do check whether yours does or not. Income from rental properties or funds could also provide a regular inflow of cash post-retirement, making them worth considering, too. Having different sources of income ensures financial stability during retirement, helping sustain the desirable lifestyle without any monetary stress.Consult a Financial Advisor
When planning for retirement in 2025, consulting a financial advisor can provide invaluable guidance in navigating the complexities of saving and investing. A professional advisor can help you assess your current financial situation, set realistic retirement goals, and design a tailored strategy to achieve them. Whether you’re just beginning or fine-tuning your plan, their expertise ensures you’re making informed decisions. For example, if you’re based in a place like Buckeye, AZ, you might seek out advisors who specialize in services for retirement planning in Buckeye, ensuring they are familiar with local regulations and investment opportunities that may be most beneficial to you. A financial advisor can help you plan not just for today, but for a secure and comfortable future.Regularly Monitor Your Progress
It’s really important to keep an eye on your retirement savings regularly. Watching it closely helps you know if you’re hitting your financial goals or not. And if it turns out you’re not, then right away make some changes so you can catch up. First off, remember to review your investment portfolio often. The reason is simple: what works today might not work tomorrow. Also, keep adjusting your income plan according to the rising costs of living expenses. This is crucial for having enough money when you retire. By tracking progress and making necessary changes, you’ll ensure that your dream retirement stays within reach no matter what happens.Conclusion
With thoughtful measures, you can effectively prepare for retirement in 2025. By following this methodical process, you lay down a robust foundation for a financially sound and relaxed retirement period ahead.-
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