January 21, 2019 09:25 AM IST
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
January 16, 2019 09:08 AM IST
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.
January 14, 2019 08:54 AM IST
Understand the conditions attached to make the most of it.
January 10, 2019 02:40 PM IST
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
January 09, 2019 10:07 AM IST
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.
January 04, 2019 04:20 PM IST
As of March 31, 2015, education sector bad loans stood at 5.7 percent, the minister said citing IBA data.
January 04, 2019 09:28 AM IST
Here are a few things to check before availing a personal loan:
January 03, 2019 10:30 AM IST
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.
December 26, 2018 11:10 AM IST
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.
December 20, 2018 12:42 PM IST
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."
December 20, 2018 10:56 AM IST
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.
December 14, 2018 01:21 PM IST
The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19.
December 14, 2018 08:45 AM IST
The new scheme, called QuickPay, involves paying higher installments in the initial years, which may not suit everyone.
December 10, 2018 08:17 AM IST
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
December 06, 2018 12:47 PM IST
For borrowers, the new framework is aimed at making loan pricing more transparent. But it may also mean more volatility in their EMIs
December 05, 2018 07:13 PM IST
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.
December 05, 2018 11:06 AM IST
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.
December 01, 2018 09:59 AM IST
From reading the fine print to choosing a shorter tenor, these tips will ensure you ace your borrowing experience.
November 30, 2018 05:03 PM IST
A low credit score is a symptom of habitual defaults and an indicator of financial indiscipline.
November 28, 2018 09:34 AM IST
Under the reducing balance rate, apart from considering your loan principal and the rate of interest, it also takes into account your monthly repayments.
November 26, 2018 07:47 PM IST
A borrower has to hedge in a manner that the projected cash flows match expectations irrespective of the fluctuations in the foreign currency
November 26, 2018 12:30 PM IST
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.
November 26, 2018 11:02 AM IST
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
November 13, 2018 09:12 AM IST
Lenders rely heavily on your credit report to make a lending decision.
November 10, 2018 12:19 PM IST
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.
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