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



loan EMI

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.


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?

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Ausschütter: Enhancing Investment Returns Through Managed Funds




What is Ausschütter?

Understanding the different types of managed funds is crucial in the world of finance and investing. One such fund type is the Ausschütter. But what exactly is an Ausschütter, and why should investors—both individual and institutional pay attention to it?

An Ausschütter also known as a distribution fund, is a type of managed fund that regularly distributes its income to investors. It can include interest, dividends, or capital gains realized from the fund’s investments. By providing regular payouts, Ausschütter funds offer a reliable income stream, making them an attractive option for many investors.

Ausschütter Work in the United States

While the concept of Ausschütter originated in Europe, it has found significant relevance in the United States finance and investing sectors. In the U.S., these distribution funds are particularly favored by those seeking steady income from their investments, such as retirees or income-focused investors.

Ausschütter funds in the U.S. operate similarly to their European counterparts. They accumulate income from various investments and regularly distribute it to shareholders. This makes them an ideal choice for those looking for consistent cash flow without having to sell their investment holdings.

The Benefits of Ausschütter

Enhancing Investment Returns

One of the primary benefits of Ausschütter is its potential to enhance investment returns through regular distributions. Here’s a detailed analysis of how Ausschütter can be advantageous:

  1. Steady Income Stream: Ausschütter funds provide regular income, which can be particularly beneficial during market downturns. This steady cash flow can help investors meet their financial needs without having to liquidate their assets.
  2. Tax Efficiency: In some jurisdictions, distributions from Ausschütter funds can be more tax-efficient than selling shares for income, resulting in higher after-tax returns for investors.
  3. Reinvestment Opportunities: Investors can choose to reinvest the distributions received, potentially compounding their returns over time. This reinvestment can lead to significant growth of the investment portfolio.
  4. Diversification: Ausschütter funds often invest in a diversified portfolio of assets, spreading risk across various sectors and geographies. This diversification can enhance the stability and performance of the fund.

Ausschütter vs. Accumulators

When considering managed funds, investors often compare Ausschütter with Accumulators. Accumulators, unlike Ausschütter, do not distribute their income but rather reinvest it back into the fund. Here’s a comparative analysis to highlight the advantages of Ausschütter:

  1. Income Needs: Ausschütter is ideal for investors seeking regular income, whereas Accumulators suit those focused on long-term growth without immediate income needs.
  2. Tax Considerations: Depending on the tax regime, the distributions from Ausschütter may offer favorable tax treatment compared to the capital gains realized from Accumulators.
  3. Flexibility: Ausschütter funds offer flexibility as investors can choose to reinvest the distributions or use them for other financial needs, providing greater economic autonomy.

Case Studies: Practical Illustrations of Profitable Investing Techniques Employing Ausschütter

To illustrate the practical benefits of Ausschütter, let’s explore some real-world case studies:

Case Study 1: Retirement Income Strategy

John, a retiree, invested in an Ausschütter fund to secure a steady income stream during his retirement. The regular distributions allowed him to cover his living expenses without needing to sell his investment holdings. Over time, the Ausschütter fund provided a reliable income, making John’s retirement financially secure.

Case Study 2: Institutional Investment Strategy

An institutional investor, a pension fund, allocates a portion of its portfolio to Ausschütter funds. The regular income stream from these funds helps the institution meet its periodic payout obligations to beneficiaries. Additionally, the diversification provided by the Ausschütter fund enhances the overall stability of the institution’s investment portfolio.

How to Invest in Ausschütter: Practical Tips

If you’re considering incorporating Ausschütter into your investment portfolio, here are some practical tips to get started:

  1. Research Funds: Conduct thorough research to identify Ausschütter funds that align with your investment goals and risk tolerance. Look for funds with a strong track record of consistent distributions.
  2. Recognize Fees: Recognize the costs related to Ausschütter funds, such as distribution and management fees. Reduced expenses might have a big effect on your total profits.
  3. Consult Financial Advisors: Seek advice from financial advisors who specialize in managed funds and income strategies. Depending on your financial circumstances, they can make personalized recommendations.
  4. Diversify Your Portfolio: While Ausschütter funds can enhance your income, it’s essential to maintain a diversified portfolio to mitigate risks.


In conclusion, Ausschütter funds play a significant role in managed funds, offering numerous benefits to both individual and institutional investors. Ausschütter can improve overall investment returns by giving a consistent income stream, tax savings, and reinvestment opportunities. 

By understanding the differences between Ausschütter and Accumulators, investors can make informed decisions that align with their financial goals. Real-world case studies demonstrate the practical advantages of incorporating Ausschütter into investment strategies, whether for retirement income or institutional obligations.

To successfully include Ausschütter in your portfolio, keep in mind that extensive research and advice from financial professionals are essential when you weigh your investing possibilities. Embrace the potential of Ausschütter to achieve economic stability and growth in today’s dynamic market environment.

For those eager to explore the benefits of Ausschütter firsthand, start by researching available funds and seeking expert guidance. Investing in Ausschütter could be the strategic move that enhances your financial future.

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Unveiling the Shimmering Prospects: The Benefits of Investing in American Gold Eagle Coins



American Gold Eagle Coins

In the realm of investment, diversification is the golden rule, and what better way to fortify your portfolio than by incorporating tangible assets like precious metals? Among the myriad of options, American Gold Eagle coins stand out as a beacon of stability and opportunity. These iconic coins, minted by the United States Mint, not only boast historical significance but also offer a plethora of benefits to astute investors. Let’s delve into the shimmering prospects of investing in American Gold Eagle coins.

Intrinsic Value and Tangibility

Unlike stocks or bonds, American Gold Eagle coins possess intrinsic value derived from their precious metal content. Gold, with its enduring allure and utility, has been coveted for millennia, making it a timeless store of wealth. Moreover, holding physical gold provides a sense of security and ownership, which is particularly appealing during times of economic uncertainty.

Historical Prestige

American Gold Eagle coins bear the weight of history, representing a storied legacy that spans generations. Since their introduction in 1986, these coins have become synonymous with American numismatic tradition and are revered by collectors and investors alike. Their iconic designs, featuring Lady Liberty and the American Eagle, evoke a sense of patriotism and pride, adding to their allure.

Liquidity and Recognizability

One of the foremost advantages of investing in American Gold Eagle coins is their widespread recognition and liquidity. These coins are universally accepted and easily tradable, ensuring swift transactions and fair market value. Whether you’re looking to buy, sell, or trade, the liquidity of Gold Eagle coins provides investors with unparalleled flexibility and accessibility.

Portfolio Diversification

Diversification is the cornerstone of a robust investment strategy, and gold serves as a reliable hedge against market volatility. By incorporating American Gold Eagle coins into your portfolio, you can mitigate risk and offset potential losses during economic downturns. Gold often exhibits an inverse correlation to traditional assets like stocks and bonds, making it an effective diversification tool.

Preservation of Wealth

In an era of fluctuating currencies and inflationary pressures, gold serves as a bulwark against the erosion of purchasing power. American Gold Eagle coins, with their inherent value and stability, act as a safeguard for preserving wealth over the long term. Whether as a hedge against inflation or currency devaluation, gold offers peace of mind in turbulent economic climates.

Tax Advantages

American Gold Eagle coins enjoy favourable tax treatment in certain jurisdictions, further enhancing their appeal to investors. In the United States, for instance, profits from the sale of gold coins held for investment purposes may qualify for preferential long-term capital gains tax rates. This tax-efficient feature adds another layer of incentive for investors seeking to optimize their returns.

Global Demand and Safe-Haven Status

Gold transcends borders and cultures, enjoying universal demand as a safe-haven asset. In times of geopolitical uncertainty or financial turmoil, investors flock to gold as a refuge from market turbulence. American Gold Eagle coins, backed by the full faith and credit of the U.S. government, are held in high regard worldwide, bolstering their status as a safe-haven investment.

In conclusion, the benefits of investing in American Eagle Gold coins are manifold, encompassing intrinsic value, historical prestige, liquidity, diversification, wealth preservation, tax advantages, and safe-haven appeal. As a tangible asset with enduring allure and universal recognition, gold has stood the test of time as a store of wealth and a symbol of prosperity. By incorporating American Gold Eagle coins into your investment portfolio, you can embark on a journey toward financial resilience and long-term prosperity.

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What is Chainiste?




Embracing the Artisan Spirit with Chainiste: A Trendsetter in Fashion and Craftsmanship

“Chainiste” is a term that seems to evoke a sense of artistry and craftsmanship, potentially related to the world of fashion, design, or technology. While not a widely recognized term in mainstream contexts, it carries the possibility of representing a unique concept or style. In the realm of fashion, “chainiste” could refer to a trend or technique involving the intricate use of chains or chain-like patterns in clothing and accessories, blending traditional elements with contemporary design. Alternatively, in a technological sense, it might relate to a concept in supply chain management or an innovative technology inspired by interconnected structures. The exact nature of “chainiste” remains open to interpretation, depending largely on the specific context in which it is used. Its ambiguity lends it a mysterious allure, inviting imaginative possibilities in various creative fields.

Introduction to Chainiste and Artisan Creativity

Chainiste, a term that resonates with innovation and artisan craftsmanship, has emerged as a trendsetter in the realms of fashion and design. It’s a concept that blends the traditional art of chain stitching with modern style, offering an array of products from chain necklaces to textiles that exude an industrial and edgy vibe. This article delves into the world of chainiste, exploring its origins, the artisans behind it, and its influence on contemporary fashion and design.

Chainiste: A Fusion of Tradition and Modernity

The Chainiste Look: Redefining Style

Chainiste fashion is not just about wearing a piece; it’s about embodying a lifestyle that honors craftsmanship and style. The chainiste look, often seen in bracelets and evening gowns, exudes an air of sophistication mixed with an almost rebellious vibe. It’s a style that’s both timeless and contemporary, appealing to those who appreciate the beauty of handcrafted art.

Safe and Secure: The Durability of Chainiste

In addition to its aesthetic appeal, chainiste offers practical advantages. The materials and styles used in chainiste creations are not only visually striking but also durable, ensuring that each piece is both safe and secure for daily wear. From sterling silver to gemstone rings, every item promises longevity and quality.

Materials and Styles: The Artisan’s Palette

Chainiste artisans work with a diverse range of materials, from metallic chain stitch details to delicate gemstones. Each material is carefully chosen to enhance the overall design, whether it’s a cotton or chiffon scarf or a sleek leather jacket. The fusion of different textures and materials is what gives chainiste its unique appeal.

Exploring the World of Chainiste

Rock the Chainiste Look: Styling Tips

To rock the chainiste look, start with key pieces like a metallic chain necklace or a bracelet. These can be paired with fashion staples like skinny jeans, a cropped denim jacket, or a graphic tank top. The idea is to mix and match different textures to create effortlessly chic looks.

Chainiste in Supply Chain Management

Interestingly, the term ‘chainiste’ also finds relevance in supply chain management. The concept here is metaphorical, representing the intricate links and interdependencies in the supply chain network. Just as chainiste in fashion is about linking elements to create a cohesive piece, supply chain management involves coordinating various components to ensure efficiency and productivity.

Chainiste Works: Craftsmanship and Technique

The process of creating chainiste pieces is an art in itself. Seamstresses and tailors, often trained in traditional techniques, weave thin chains into fabrics or create chain mesh appliques with precision and creativity. This blend of hand and machine embroidery continues to inspire new trends in fashion.

The Future of Chainiste

Chainiste vs. Traditional Fashion

Chainiste stands in contrast to traditional fashion norms. It represents a movement that’s not just about clothing but about an attitude. The chainiste trend is about embracing and rocking a look that’s bold, innovative, and distinct.

Chainiste Style: A Trend on the Rise

The chainiste style is gaining momentum, with more designers and fashion enthusiasts exploring its potential. From the runways of haute couture to the streets of urban fashion, chainiste is making its mark, redefining what it means to be stylish and contemporary.

Conclusion: The Enduring Appeal of Chainiste

Chainiste is more than just a fashion statement; it’s a testament to the enduring appeal of artisan craftsmanship. Whether it’s the intricate work of weaving chains into textiles or the strategic planning in supply chain management, chainiste embodies a blend of artistry, innovation, and functionality. As we continue to explore and embrace the world of chainiste, we open ourselves to a realm of endless possibilities in fashion and beyond.


  1. What makes chainiste style unique? Chainiste style stands out for its unique blend of traditional chain stitching techniques with modern fashion elements, creating an industrial yet chic look.
  2. How can I incorporate chainiste into my wardrobe? Start with key accessories like chain necklaces or bracelets, and layer them with contemporary pieces like a leather jacket or a silk camisole for a balanced look.
  3. Is chainiste fashion durable? Yes, chainiste pieces are crafted with high-quality materials ensuring both durability and style.
  4. Can chainiste be considered a sustainable fashion choice? Chainiste’s focus on craftsmanship and quality materials can contribute to sustainability in fashion, emphasizing longevity over fast fashion trends.
  5. How does chainiste influence supply chain management? The concept of chainiste in supply chain management highlights the interconnectedness and efficiency required in managing a successful supply network.
  6. What future trends can we expect from chainiste? Expect to see more innovative uses of chain and textile combinations, pushing the boundaries of traditional fashion and artisanal craftsmanship.

Materials and Styles: Exploring the Versatility of Chainiste

Chainiste’s versatility shines through its diverse range of materials and styles. From delicate silk gloves to utility jackets with zipper details, the approach to materials is as varied as it is innovative. Chain fringe and chain mesh appliques add texture and dimension to pieces, while the use of lightweight cotton or chiffon scarves offers a softer, more fluid element. The key to mastering the chainiste style lies in the ability to mix and match these diverse materials, creating unique and personalized looks.

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