A bonus, no doubt, can be spent away. But if used well, it gives you once-a-year option of putting your personal finances back on track
"The waiver will continue for proposals sourced up to October 15," the circular read
The floating rate is linked to an external benchmark and will be independent of the loan amount or duration.
The agency has thus downgraded the NFBC sector’s mid-year outlook from stable to negative as potential defaults may further weaken wholesale NBFCs and HFCs, which are already facing a crisis
The government has acknowledged that lending to the sector has stalled and assured of steps to encourage banks to push loans
While lifestyle is important, respondents have revealed that fulfilling family needs and their wishes constitute the single topmost reason for people wanting to take a new loan.
Ocean Deity, the majority stakeholder, charged that the sums were disbursed for loans taken by the infra company from the bank, without its authorisation
Every credit card may have a different due date and credit limit, so one can leverage it to the maximum. These are choices customers need to make based on their lifestyle and usage.
This large untapped segment of potential borrowers has led banks and financial institutions to look for solutions to leverage the debit card penetration in the country.
Transaction will help BoB pare its loan exposure to the non-bank lender. Since the acquired loans are higher rated assets, the quality of the state-run bank’s loanbook will improve
Here are some of the lowest personal loan interest rates offered by various banks.
When you take a loan, do review your insurance covers. Repayment of loan even when you are not around, will ensure that your family get peaceful enjoyment of assets you built using the loan
Risk-based pricing in India is still at a nascent stage. With the strengthening of credit bureau presence, credit score-based underwriting and alternative methods of risk evaluation, we can expect risk-based pricing to pick up over time.
Do collect the entire repayment statement of your car loan from the bank. This will be useful while updating the credit history in case of any discrepancies in your credit score and the report.
The longer your car loan tenure, the higher the interest outgo will be. This is the primary reason for a borrower to avoid opting for a long-loan tenure.
To our salaried customers, we give home loan sanctions within four hours, said Ambuj Chandna, Senior Executive Vice President and Head – Consumer Assets of Kotak Mahindra Bank
Once you decide to accumulate the money for down payment for your home then you should be focussed on target amount, time on hand and your risk profile.
High interest debts are the worst debts, clearing them should be the first priority. Generally credit card loans, or personal loans carry heavy interest rate, therefore, targeting them first will make sense.
Though the RBI wants the transmission of rate cuts to the real, it is not in a position to put much pressure.
During the consultations with RBI, several banks opposed the decision of linking lending rates to an external benchmark saying their cost of funds was not linked to those external benchmarks
Sakshi Batra does a 3 point analysis of the reasons behind SBI's move and will that prompt other lenders to follow suit.
While the RBI guidance was to pass on the benefit of falling interest rates to borrowers by linking lending rate to an external benchmark, SBI has also linked its savings bank rates (over a limit of Rs 1 lakh) to the external benchmark.
Coming down heavily on the prime minister, the Congress chief said the PM-KISAN scheme launched by the Centre is nothing but an attempt to make mockery of poor farmers by doling out a paltry sum of Rs 6,000 annually.
This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018.
Addressing a function Sunday in Rajgarh district, over 130 kilometres from here, Nath said the farm loan waiver process would continue until all beneficiaries are covered.