Personal Loan for Wedding: Should you take loan to fund marriage expenses?
Marriage Loan: There is a growing trend among youngsters nowadays to contribute towards their wedding expenses and not have their parents burdened. While this is an appreciable thought, it works best if the children have saved up money for this. If not, then their only option is to borrow.
Small loans and the big question on consumption
The average ticket size of micro loans has increased by 12 percent in FY24 and more than 12 percent of borrowers have taken a loan from four or more lenders.
Need urgent money? Should you go in for loan against mutual funds?
The loan amount will depend on the type of mutual funds you offer as security. While you can get about 70-80 percent of the value of your debt funds as a loan, in case of equity funds, you'll get about 50 percent.
Personal loans: Check out banks that offer the lowest interest rates on a Rs 5-lakh loan
Bandhan Bank, ICICI Bank and Bank of Baroda offer interest rates between 9.47 and 11.40 percent on a personal loan of Rs 4 lakh for a tenure of 4 years.
Indian banks to ask regulator to not raise provisioning for infra loans
Last month, the Reserve Bank of India (RBI) proposed that banks and non-banking financial companies (NBFC) set aside a provision of 5% of the total loan amount of infrastructure projects at the construction phase, a sharp jump from the 0.4% required currently.
Unsecured lending moderates after RBI caution, says Governor Das
In November 2023, the RBI had increased risk weightings on certain loan categories of unsecured credit by 25 basis points to signal to lenders to moderate the pace of high growth and manage stress.
Lenders seek more collateral for promoter financing on frothy valuation concerns
In the last 12 months, the BSE Midcap index and BSE Smallcap index have gone up by 64.5 percent and 60.5 percent, respectively, compared to the 21.6 percent rise in the Sensex.
The perfect home loan strategy: A good foundation for an ideal home
The ever-evolving landscape of the Indian property market presents both challenges and opportunities for millennials & GenZ, who dream of owning a home.
Foreign education loan: How to get the best deal
Study Abroad: You should have a strong academic record and a confirmed admission letter from a recognised university to strengthen an education loan application for studying abroad. Avoid giving false information in the application form to process the loan. These can cause rejection of the education loan.
Five common education financing pitfalls you must steer clear of
Education financing is pivotal in ensuring equitable access to higher education for students from all walks of life. However, it demands careful navigation to sidestep potential financial traps.
Home loan outstanding up by Rs 10 lakh crore in last 2 years; reaches Rs 27 lakh crore in March: RBI data
The data also showed that the credit outstanding towards commercial real estate stood at Rs 4,48,145 crore in March 2024. It was at Rs 2,97,231 crore in March 2022.
Funding your dream vacation - Some options, their pros and cons
The trend of borrowing money to fund vacations can weigh heavily over the years. The better option may be to look for ways to boost income, create additional avenues for income or create a corpus via recurring deposits or savings schemes. This will be easier than schemes that bear the burden of high interest rates.
How to get the best education loan? Here’s a primer
While many banks offer education loans for study in India and abroad, not every student may be able to get one easily and at an attractive interest rate. A lot depends on the pedigree of the institute that you have got admission to. Read on to know more.
Should you go for a personal loan or an overdraft facility?
In a personal loan, a fixed amount is given to you upfront. In an overdraft, a monetary limit is approved and you can withdraw any amount up to that. There is also a difference in the way interest is calculated in the two cases, among other things.
Small NBFCs may turn to SME, mortgage, green finance loans in co-lending business as risk aversion sets in
Co-lending to personal loans will fall this year, data from CRISIL and some NBFCs executives show. RBI's changing risk weights on personal and consumption loans is forcing NBFCs and banks to look at MSMEs
RBI Monetary Policy | RBI holds repo rate at 6.5%: No impact on home loan EMIs
For existing borrowers there are opportunities to switch lenders in the current scenario with several banks offering home loans starting around 8.5 percent. The new home loan borrowers should scout for banks offering loans with the narrowest possible spread. This will reduce the interest payable.
Ummeed Housing Finance closes $70 million round led by A91 Partners at $300 million valuation
The homegrown investment fund A91 Partners is learnt to have put in $45 million, while the rest came in from existing investors such as Norwest Venture Partners.
Personal loans: Banks that offer the lowest interest rates on a Rs 1-lakh loan
Bandhan Bank, HDFC Bank, and State Bank of India offer interest rates between 9.47 and 11.15 percent on a personal loan of Rs 1 lakh for a tenure of 4 years.
Banks lure customers with lower interest rates on home loans
Experts highlighted that though this is a standard practice, due to rising competition, banks are looking to target more customers
HDFC Bank hikes home loan interest rates by 10-15 bps upto 9.8 percent
Some of the other major private and public sector banks offer home loans at interest rates ranging between 8.75 percent and 10.05 percent
BRICS development bank aims to make $5 billion in loans in 2024
"During the epidemic, our business has been somewhat affected, and now everything is going back on track," Zhou told Reuters on the sidelines of the annual Boao Forum.
Women’s Day: Women borrowers witnessing highest growth in personal loan segment, says CRIF Report
The number of young women borrowers under the age of 35 years has continued to increase over the last three calendar years (from CY 2021 to CY 2023). Further, new-to-credit women borrowers are also contributing to the growth and showing responsible borrowing behaviour.
Vedanta Resources to deleverage debt by $3 billion over 3 years
The financial year 2025 maturities of USD 1,100 million and close to USD 750 million of interest servicing would be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives.
JSW Steel sounds out banks for $750 million loan
The Mumbai-based firm’s need for cash has been growing as it aims to almost double its steel output to 50 million tons by the end of the decade to meet rising demand from construction, energy and autos
