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Mumbai: Avanti Finance, an NBFC founded by Ratan Tata, Vijay Kelkar and Nandan Nilekani, has tied up with the Michael & Susan Dell Foundation to provide affordable loans to the pandemic-hit small businesses. Under the collaboration, the Dell Foundation will provide low-cost Rs 15 crore debt to Avanti, which the NBFC will use to provide […]
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Kolkata: A Bill passed by the Assam assembly to control the microfinance industry in the state has the potential to increase asset-quality challenges for the sector, according to rating agency Crisil. On top of that, if any loan waiver scheme was announced, it would make matters worse due to the potential impact of the moves […]
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Recently there has been a significant increase in mobile applications that provide instant credit to individuals. This credit is often short-term in nature, it is unsecured and digitally transferred into the account of a borrower in a short span of time. Some of these products provide instant credit approvals up to Rs 10,000-Rs 50,000 while […]
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The dilemma of deciding between a fixed or floating home loan is not a debate anymore. In a fixed interest rate loan, the interest rate is fixed for a period of five years. After five years, the bank may exercise its right to change it.
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New Delhi: Google on January 14 said it has reviewed hundreds of personal loan apps in India that were flagged by users and government agencies and those found to be violating its user safety policies were immediately removed from its Play Store. Google has asked the developers of the remaining identified apps to demonstrate that […]
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Credit score is a report card of your financial behaviour. How have you been with the repayment of your credits like loan and credit card dues? Did you skip any payment? Was there a delay in any your EMI payment? On the basis of these information, a conusmer’s monthly credit report is generated which includes […]
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Mumbai: State Bank of India on Friday announced interest concession of up to 30 basis points on home loans and 100 percent waiver on processing fees. The new rates are linked to CIBIL score and start from 6.80 percent for loans up to Rs 30 lakh and 6.95 percent for loans above Rs 30 lakh. […]
