Key factors lenders must check while registering on P2P lending platforms are credibility of peer-to-peer lending platforms, understanding the risk and return trade-off, ease and simplicity of investments on the specific platform
A taxpayer can claim deduction of the amount paid towards repayment of the home loan from his income. Such loan must have been borrowed from specified entities like the government, bank, LIC, entities engaged in housing finance or specified employers.
Understand the conditions attached to make the most of it.
Compare wedding loan offers from multiple banks and NBFCs then choose the offer that most suits you. There can be significant savings in interest, processing fees and other charges by comparing and choosing the loan scheme carefully
Banks offer loans on fixed interest rate and floating interest rates. So, often borrowers are in dilemma which interest rate to select while applying for a loan.
As of March 31, 2015, education sector bad loans stood at 5.7 percent, the minister said citing IBA data.
Here are a few things to check before availing a personal loan:
The drawback of a step-up scheme is that you may end up taking a higher EMI commitment based on future income, which is uncertain.
In the meantime, the sector continued to sit on the mount of NPAs even as efforts continued in courts and tribunals and other forums for recovery of stressed assets, further confounded by defaulting promoters of defaulting corporates coming back to reclaim their assets when they were put on sale by aggrieved lenders.
Informal sources such as moneylenders, family and friends accounted for 62 percent of indebted households among marginal farmers. Such farmers would not benefit from any scheme that restructures debt taken from banks and cooperatives."
Two days after being sworn in, the Congress government in Rajasthan Wednesday waived short-term crop loans from cooperative banks and loans of up to Rs 2 lakh taken by farmers from other banks.
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.
The new scheme, called QuickPay, involves paying higher installments in the initial years, which may not suit everyone.
But the first thing to understand here is that repayment of home loan is non-negotiable and important but a faster prepayment of the loan is not the only thing in life
For borrowers, the new framework is aimed at making loan pricing more transparent. But it may also mean more volatility in their EMIs
RBI Governor hinted in the post-policy media conference that if the upside risks to inflation projections do not materialize, there is scope for review of the policy stance sometime going forward.
R Baskar Babu, MD & CEO of Suryoday Small Finance Bank (SSFB), talks about the bank's nearly two-year journey, challenges and opportunities for small finance banks and whether they have been able to achieve the RBI's objectives.
From reading the fine print to choosing a shorter tenor, these tips will ensure you ace your borrowing experience.
A low credit score is a symptom of habitual defaults and an indicator of financial indiscipline.
Under the reducing balance rate, apart from considering your loan principal and the rate of interest, it also takes into account your monthly repayments.
A borrower has to hedge in a manner that the projected cash flows match expectations irrespective of the fluctuations in the foreign currency
A flat interest rate is a gimmick by lenders to lure customers into taking a loan without actually allowing them to understand what the entire scheme is all about.
Restricted lending reduced the overall loans of these banks over the past six years, but they are fighting tooth and nail for market share in retail lending
Lenders rely heavily on your credit report to make a lending decision.
While hoping that you had a fun-filled Diwali, we remind you of a few things you can do with your money to make positive changes to your personal finances.