loans

What happens if you default on your gold loan?

Gold loan lenders are regulated entities and provide written notice of default before initiating legal action against a defaulter. This notice does not intend to convict borrowers or strip their rights, instead offer a specified period to repay the outstanding dues.

From Aircons to Cars and TVs, India’s HDFC Bank Wants to Give Loans For Everything

The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha. The HDFC Bank deputy managing director said his firm can now offer home loans at more than three times the locations following its merger with HDFC Ltd. and that’s just the start.

Loans against FDs rise over 46% YoY in June, the highest growth in a decade

Most Indian banks are offering loans between 85 percent and 95 percent of the value of customers' FDs

Centre directs banks, civic bodies to work in tandem on scheme for loans to street vendors

Union MoS for Finance Bhagwat K Karad asked civic bodies to review the applications returned by banks and resubmit them after rectification.

RBI’s framework on floating rate loans to protect consumers, say experts

The proposed framework will enable borrowers to make informed decisions on whether to switch between fixed and floating rate regimes when there is a change in the interest rate

Moneycontrol Selects: Top stories this afternoon

Our specially curated package of the big stories to help you stay at the top of your game.

RBI holds interest rates: Who wins, who loses

Reset on home loan and other floating rate loans to be made more transparent. This measure would not make interest rates beneficial for you, but you would have more rights as a customer.

Taking A Car Loan? How To Choose Between Fixed And Floating Interest Rates?

Getting the best interest rate for you loan is what we all dream of when buying a car or a home. But it can get confusing when one has to choose between a fixed interest rate or a floating interest. Watch this video, as we talk about these interest rate options and the difference between them.

Don't make these five credit card mistakes or you'll be in debt forever

Credit card debts must be carefully managed for long-term financial security. Most credit card holders tend to make a few common mistakes that take them deeper into debt.

Dhanlaxmi Bank Q1 net profit at Rs 28 crore

On the asset quality side, the bank witnessed improvement with the gross non-performing assets (NPAs) easing to 5.21 per cent of the gross advances by June 2023 from 6.35 per cent a year ago.

The Strategy To Repay Debt Systematically | Debt Repayment Methods Explained!

Managing debts can be a very daunting task. All the loans along with daily expenses is something that can take a heavy toll on your finances. But there are a few ways by which you can make the repayment process seamless. Watch this video to find out.

Small loans have seen big growth, TransUnion CIBIL report reveals

Home loans in the affordable housing segment, below Rs 25 lakh, have slumped. In the quarter ended June 2023, credit card payment defaults increased. The approval rate for loans to new-to-credit consumers, whom lenders typically approach with caution, was lower.

IndusInd Bank plans to partner with real estate companies to boost home loan book: MD & CEO

The bank currently has a home loan book of Rs 650 crore and plans to increase it to Rs 15,000 crore in the next three years, MD and CEO Sumant Kathpalia said.