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The Jammu and Kashmir police officer's post sparked comments from several disgruntled bank customers who claimed that their loans too were rejected due to their professions.
While taking out a wedding loan or participating in a ‘Marry now, pay later’ scheme, borrowers must understand key terms such as interest rate, loan amount, and repayment schedule. You should borrow only to pay for the basic expenses and not to fund the showbiz part of the Big Fat Indian Wedding.
You can negotiate with your bank for a reduction in interest rate on your existing home loan. The bank will charge you a fee for this so use an online home loan refinance calculator to figure out what you will save.
Shortly after opening, IREDA's retail division quickly sanctioned its first loan amounting to Rs 58 crores under KUSUM-B
The non-performing assets in education loans stood at 7.82 percent of a total outstanding portfolio, at the end of the first quarter of FY23. The number of students opting for foreign education using education loans has been increasing but repaying these loans can be a challenge. There is a way out though.
Joydeep Dutta Roy, executive director, BoB, said that the unsecured loan book of the bank is only for existing customers
A sharp rise in advances, backed by business model up-gradation. Asset quality and return ratios trending up; undemanding valuation
Recent spurt in personal loans certainly bears close watching, but trends in industry too are sending confusing, if not worrying, signals
Using a credit card is better for smaller amounts that you can easily repay in a few weeks. However, if the required amount is large and you would not be able to pay it back fully soon, then taking a personal loan is advisable.
The bank has created a distinctive 'Bharat Bank' unit with tailored rural products, an increased footprint through branches and a digital presence, partnerships with facilitators like Common Services Centers (CSCs), and village-level entrepreneurs enabled by multiple agri-commodity-focused ecosystems, he said.
Education financing is no longer an option; it has become a necessity. The good news is that there are many ways in which you can get financing and secure your child’s future. We feature a few of them.
When buying a property, it’s best to pay 30-40 percent or even more of the property cost as a down payment. An increase in interest rate can derail your finances if your EMI is already equivalent to your monthly savings.
GVK group's GVK Coal Developers had borrowed $1 billion and $159,973,008 from six Indian banks, in 2011 and 2014, to fund its interests in Australian coal and infrastructure projects. While the loans remain unpaid, GVK tried to sell Bengaluru and Mumbai airports without the banks' knowledge.
The brokerage sees credit costs for Indian lenders climb toward “historical averages” as more unsecured retail loans turn sour, with state-run banks more vulnerable to this trend, compared to their private sector counterparts.
Secure funds swiftly with an instant online loan, ensuring financial assistance within minutes.
Earlier in the day, Das said certain components of personal loans are recording very high growth and the RBI is closely monitoring the same for any signs of incipient stress.
The newly constituted working group would be chaired by R. Narayanaswamy, former professor at IIM Bangalore, the RBI added.
Mortgage rates have been climbing along with the 10-year Treasury yield, which lenders use as a guide to pricing loans.
The FIR was registered on the bank’s complaint alleging that it sanctioned credit limits and loans to Jet Airways (India) Ltd to the tune of Rs 848.86 crore, of which Rs 538.62 crore were outstanding.
Follow these simple steps to access an instant loan, effectively meeting your immediate credit needs in a hassle-free manner.
Home loan borrowers saddled with high interest rates could now find it easier to switch to lenders who offer cheaper loans. Reserve Bank of India (RBI) asked banks and non-banking finance companies (NBFC) to clearly communicate the impact of any rate change on the EMIs and loan tenure. To understand RBI’s stance and the impact on borrowers in detail, Moneycontrol spoke to Vipul Patel, Founder, MortgageWorld, a loan consultancy firm. Listen in
The Reserve Bank of India said original property documents must be returned within 30 days of borrowers settling their personal loans.
By carefully selecting the appropriate loan product and ensuring timely repayment, borrowers can enhance their credit score, opening the door to better deals and lower interest rates.
A financial plan is a roadmap or a strategic decision-making process of how one can allocate their funds in a proper manner in order to achieve their short- or long-term goals
