Best Personal Loan: How to choose & key factors
Choosing the best personal loan can be tough with so many options available. It's important to understand your needs, compare interest rates, and review loan terms carefully. Don't forget to consider your repayment budget, fees, and eligibility criteria before applying.
Personal loan without salary proof? Check these quick tips
If you have a credit score, generally online personal loan apps do not require you to provide any salary proof. In certain cases you may need to furnish documents such as a bank statement or ITR to help the lender assess your income.
NaBFID's loan sanctions to rise to Rs 3.2 lakh crore by end of FY25, says MD Rajkiran Rai
On the equity investment front, Rai said that the company is not looking for it, but did not ruled out the possibility going ahead.
How a Personal Loan Works: Eligibility, Interest Rate, Loan Amount and More
Availing a personal loan is almost instant now. Using the tips shared in this article you can avail the best personal loan at competitive interest rates without any hassle.
Applying for a home loan in India? Here is what NRIs need to know
Home Loans for NRIs: While opting for NRI home loans in India, it is important to understand that the interest rates applied will be slightly higher. Also, repayment should be done only through an NRI account.
RBI penalty on HDFC Bank: Know the recovery agent rules that lenders cannot violate
As per RBI guidelines, recovery agents are required to follow a strict code of conduct when dealing with borrowers – they have to maintain decency and courtesy, respect personal space and adhere to specified timings for contacting borrowers.
Govt considering to increase limit on Kisan Credit Card loans
Talks are on to also conceptualise a PM-SVANidhi kind of scheme for tenant farmers
Inside ONDC’s financial services game plan over next 18 months
The network is set to roll out full-suite of B2B and B2C financial services including insurance, mutual funds and credit cards; and some unique ones like crop yield financing and cow financing.
Private capex gaining traction, set to rise further in FY25: RBI Bulletin study
Envisaged capex set to increase 54 percent to Rs 2.45 lakh crore in FY25 from Rs 1.59 lakh crore in the previous year
Applying for a personal loan from a fintech lender? Here are five parameters to consider
Borrowers are applying for small-ticket personal loans to meet immediate financial needs, such as medical expenses, debt consolidation, home renovations, holidays, education costs, and the like. Before applying for a loan, it is important to evaluate the key fact statement and other parameters.
Personal loans: Banks offering the lowest interest rates on a Rs 5-lakh loan during the festive season
Bank of Maharashtra, HDFC Bank and ICICI Bank offer interest rates between 10 and 10.8 percent on a personal loan of Rs 5 lakh for a tenure of 5 years.
PSBs disbursed Rs 28,700-crore education loan for higher studies in FY24
PSBs disbursed Rs 24,997 crore in 2022-23 and Rs 28,699 crore in 2023-24, Minister of states for Finance, Pankaj Chaudhary said.
Indian Overseas Bank gains Rs 190 crore post transition to revised asset classification norms, says MD & CEO
On co-lending front, Ajay Kumar Srivastava said many proposals are there but it's a matter of pricing and the bank takes a call accordingly.
Home loans: How banks evaluate your proposals
Your credit score, down payment and debt-to-income ratio are among the metrics used by banks to decide whether you can repay the loan or not. .
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.
