March 08, 2024 01:53 PM ISTThe 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.
March 03, 2024 03:09 PM IST 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.
February 21, 2024 07:58 PM IST 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
February 15, 2024 03:40 PM IST The lender additionally said its fundamental strategy has been to improve the turnaround time of processing at front end.
February 08, 2024 11:38 AM IST You could consider making part-prepayment of the loan out of your savings and investments. Just an extra few thousand every month can reduce your interest payout over the long term.
February 08, 2024 07:50 AM IST Appreciation in property prices could lead to a situation where there is no benefit in waiting for interest rates to fall, as you could end up buying a costlier house and therefore, repaying a higher loan due to the delay in making the decision.
February 07, 2024 09:15 AM IST An increase of 5-10% in your annual EMI is enough to bring down your home loan interest costs by half. But pre-paying your home loan isn’t just about savings.
February 05, 2024 08:48 PM IST Under the scheme, special assistance is being provided to the state governments in the form of a 50-year interest-free loan up to an overall sum of Rs 1.3 lakh crore during the financial year 2023-24.
January 29, 2024 07:28 AM IST Pre-EMI option is lighter on the pocket as you only pay interest in the first years before the EMI period starts. But pre-EMI incurs a higher interest cost in the long-term, than the regular full EMI option.
January 24, 2024 03:59 PM IST Mumbai-based Tata Capital is providing education loans for those seeking funding to pursue higher education in India, USA, Canada, UK, Australia, New Zealand, Germany, Singapore and Dubai (UAE)
January 12, 2024 01:20 PM IST Master Loan Against Property EMIs with our guide! Use the ultimate calculator, make informed decisions, and secure the best terms. Read on for financial empowerment!
January 12, 2024 11:16 AM IST Building a strong credit score takes time and responsible credit management. Your repayment history is given the highest weightage, so you must ensure that you pay all your dues on time to build and maintain a good credit score.
January 09, 2024 03:08 PM IST Companies often seek to retire higher interest loans with lower interest ones. Banning banks and NBFCs from investing in Alternative Investment Funds on suspicion, often baseless, of evergreening of loans is creating artificial funds crunch. Instead pursue proactive disclosures of loans from AIFs and audit committee scrutiny of investments in AIFs
December 27, 2023 12:55 PM IST The wedding season brings with it the financial burden of big fat weddings. But what if there was a way to skip that mental stress? Couples now have the option of choosing the new market trend of Marry Now, Pay Later (MNPL) scheme instead of traditional wedding loans. However, which is the better option? This video dives into the pros and cons of both options, helping you make the right decision for your big day. Watch this:
December 27, 2023 12:07 PM IST What bothered Yash Mehta most was that the loan recovery agent seemed to have access to his personal details which HDFC Bank was privy to.
December 25, 2023 11:04 AM IST Banks must stop pressuring junior executives to engage in relentless cold calling to sell loans that customers do not need or peddle complex investment products that clients do not fully understand
December 20, 2023 08:07 AM IST Personal loan interest rates usually start at 10.5 percent per annum, depending on the applicant’s credit profile. Gold loan interest rates usually tend to be lower than personal loans for those with poor credit profiles. But a gold loan requires collateral.
December 20, 2023 09:37 AM IST 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.
December 18, 2023 09:41 AM IST 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.
December 15, 2023 11:45 AM IST 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.
December 08, 2023 09:17 PM IST Shortly after opening, IREDA's retail division quickly sanctioned its first loan amounting to Rs 58 crores under KUSUM-B
December 01, 2023 08:35 AM IST 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.
November 24, 2023 09:56 AM IST Joydeep Dutta Roy, executive director, BoB, said that the unsecured loan book of the bank is only for existing customers
November 20, 2023 03:47 PM IST
November 16, 2023 09:29 AM IST A sharp rise in advances, backed by business model up-gradation. Asset quality and return ratios trending up; undemanding valuation
