Even customers in the low-risk tiers report downward momentum while consumer credit portfolios of non-PSBs see signs of stress, says RBI report
A credit score of below 649 is considered a poor CIBIL rating and a lender may reject your loan application
Compared to new cars, used car loans come with much higher interest rates. Depending on the lender, the difference can sometimes be as much as 5%
The moderation was driven by a significant weakening in the flow of household financial assets, the Reserve Bank of India said
A sharp contraction in non-financial assets like actual property, etc. during 2020 were blamed for the fall
Joint home loan will not only help you to share the EMI, but also allow you to borrow a higher amount as the income of co-borrower is also factored-in
Here's a round-up of this week's top personal finance stories on Money Matters
Credit cards are like double-edged swords. They're helpful during an emergency but it takes no time for them to become a burden
The vehicle finance segment revived due to normalisation, while commercial vehicle and passenger vehicle loans remained under stress
EMI is a fixed sum of money that is paid by the borrower to the lender of funds at a specified date every month for a certain period of time
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