Lenders prefer to offer home loans to individuals who have a credit score in excess of 750.
All these factors make it critical to plan well in advance and consolidate your finances before applying for home loan.
No need to press the panic button. You can still ensure your child has the dream wedding you envisioned.
Various alternative and dynamic borrowing options have emerged in the last few years.
When one wants to be debt free, one may want to pay off the largest loan first or the smallest loan first, depending on his view.
Lok Ranjan, the government nominee on the ICICI Bank board, skipped the Board meet on Monday and Tuesday
Personal overdraft or salary overdraft is a credit provided to individual where one can withdraw any amount up to the sanctioned credit limit.
"The bigger the loan, the bigger the EMI and a bigger strain on your finances."
Today, education has become a global industry, and several incredible institutions in countries like Australia and Canada can match the quality and opportunities of a US education at a fraction of the cost of tuition that the latter necessitates.
Lenders such as banks, NBFCs, fintech companies and peer-to-peer (P2P) lenders have their own criteria to assess a borrower’s creditworthiness.
It's amazing to see so many Indian women following their passions and starting new ventures.
Most banks have a list of accredited universities. They only provide loans to universities listed with them.
Retail loans now account for around 25 percent of all non-food credit. As youngsters join the work-force, the higher contribution of retail loans is expected.
A home loan borrower should immediately obtain an acknowledgment in writing from the bank that the sale deed has been lost. The letter should bear a seal and signature of the bank officials
Personal loans are a well-accepted means to access funds. Overcoming these myths can help you reach your goals faster.
"Auto ABS delinquency rates will remain stable at current levels through 2018, but delinquency rates for small and medium size enterprise ABS backed by loans against property will continue to rise, despite the higher economic growth in India," Moody's Analyst Vincent Tordo said.
The Thane district, on the northern fringe of the Mumbai metropolitan area, had the highest asset quality stress in the segment, the data said.
HFCs are being pushed into it because of the higher focus of banks in the overall home loans segment on subdued credit demand from corporates and asset quality pressures
Writing-off non-performing assets (NPAs) or bad loans is a regular exercise conducted by banks to clean up their balance sheet, and achieving taxation efficiency, Minister of State of Finance Shiv Pratap Shukla said in a written reply.
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Personal loans are unsecured loans where you get money based on your creditworthiness. They are called unsecured because they do not require any security.
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.