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Downward march to new heights
Interest rates in home loans have crossed the psychological mark of 6.5% to reach 6.4% that can spark another round of scramble among lenders
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NPAs worth Rs 6 crore recovered by Bombay Mercantile Bank in FY21
The bank was had been strategising policy through personal follow-ups and legal steps to recover NPAs.
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Tamilnad Mercantile Bank introduces banking initiatives
Moorthy said that the bank has disbursed Rs 1,567.62 crore and covered 13,753 beneficiaries to help borrowers during the Covid-19 outbreak.
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How fluctuations in gold prices impact gold loans?
While lenders tend to give a gold loan up to 75% of the total metal value, it can inch as high as 80-85% in case of falling prices.
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Know how to identify genuine fintech lenders for loans
While some lending apps require personal information to conduct underwriting and authenticity checks, many small lenders levy an application fees too.
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Spurt in balance transfer of home loans: Study
There was a 42% rise in demand for switching lenders in the first half of 2021, said the study
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See you at loan mela
Easy credit can boost demand and MSME can use cheap loans to service the demand but everything substantially depends on consumer sentiment.
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Next round of ‘loan mela’ to begin during the festive season
The credit outreach in every district of the country is expected to begin again in October 2021, Sitharaman informed.
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Karnataka Bank plans to raise Rs 6,000 crore via debt
The bank has also issued 15 crore shares through a qualified institutional placement (QIP) to raise equity capital.
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Loan against property: 9 golden rules before you proceed
Loan against property is available for longer tenures of up to 20 years and with speedy approval as property can get you flexible repayment options
