Lenders now dread the Maharashtra government’s relent to the protest for a complete loan waiver will lead to more defaults.
Instead of increasing an EMI amount to pay off the housing loan quickly, the same amount can be parked in any equity mutual fund in an SIP.
Data indicates that the number of women applicants under PMAY have increased by 6 per cent over the last two years
There are loans that ask you for collateral, and then there are others which may not expect collateral but have a high interest rate.
After a few hikes in marginal cost based funding rate (MCLR) by some banks in past two months, banks first raised the rates on bulk deposits.
As many banks offer preferential car loan interest rates to their existing customers, first check out with your existing bank for such offers and then visit online lending marketplaces to compare them with the rates offered by other lenders.
It helps to know exactly how a single missed payment can affect your finances and your CIBIL Score.
The bank which formally began operations in July last year has set a target of generating total loan portfolio of Rs 10,000 crore and total deposits of Rs 8,600 crore in three years.
Gone are those days when borrowers used to find out the 'cheapest' rate of interest and there was another handful smart borrowers who negotiated a processing-fee waiver in addition to that.
The MCLR regime was introduced by the RBI in April 2016 for better transmission of policy rate reductions to bank customers.
The MCLR for 1-year tenure loan for SBI is at 7.95 percent in January 2018 while its base rate still stands at 8.65 percent.
The needs and desires of the new age consumer are only growing, and rightfully so, the credit industry is always
On the online lending to MSMEs, the minister said a trial run conducted for Prime Minister's Employment Guarantee Programme was successful and transparent and the model may be taken forward.
The government is also committed to taking special policy measures to enable startups to attract foreign capital through hybrid instruments
Jaitley proposed lowering corporate tax to 25% for businesses with turnover of up to Rs 250 crore, and a target to lend Rs 3 lakh crore by next year under MUDRA.
Mistry said his company will continue to grow in all businesses including affordable housing, which is being pushed through the government’s Pradhan Mantri Awas Yojana.
At present, Yes Bank’s PCR stands at 46.3 percent, as against 66.0 percent a year ago. The number was slightly higher than the 43.3 percent recorded in the September quarter.
In case you sign the dotted line to become a guarantor, not only will you be liable to pay off the loan in case of a default, but your own borrowing capacity would reduce and your credit too will come down if the primary borrower defaults.
Personal loans are generally taken to restructure one’s unexpected debt while meeting emergency needs, but one has to be careful while opting such loans.
Several cities under the Smart Cities initiative hold a distinct advantage and can be safe bets for ‘smart’ real estate investments, say Mehta.
Low buyer's sentiments in the real estate sector despite a dip in the home loan interest rates has led a sharp decline in home loan growth.
Though there is some breathing space in the hands of the investors here in India, it is time to carefully study the broad picture.
Easy availability of loans and a little push from the lenders make many of us reckless in borrowing without much thought on the repayment ability.
Be firm to your banker and convey your incapacity to visit the branch for closure and agree to all authorisation they may need.
Targeting one’s high cost loans reduces the impact of interest payment. Large but low cost loans can be dealt later.