Payments for EMIs and insurance, fell to 27.35% by value in July, down from 30.27% in May and June, indicating that more payments were successful
Secured personal loans are backed by collaterals such as a savings account, certificate of deposit or vehicle or fixed deposit
Gold loan offers greater flexibility in terms of loan repayment. Apart from EMI repayment mode, borrowers can opt for customised payment option
SBI has announced 100% waiver on processing fees on home loans until August 31 for all customers
Investments in Commercial Papers (CPs) of NBFCs increased from a year-ago level of Rs 0.54 lakh crore in June 2020
Corporate deposits are similar to bank FDs. These deposits are offered by companies and carry higher interest rates.
Clix Capital founder Anil Chawla said the company continuously strive to bridge the credit gap in unserved and underserved segments
The biggest advantage of a gold loan is that it is a secured loan with a lower interest rate compared to an unsecured personal loan
According to BofA Securities organized gold loan industry will deliver an average growth rate of around 15% per annum over the next 4-5 years
MFIN is an industry association comprising 58 NBFC-MFIs and 39 associates including banks, small finance banks (SFBs), and NBFCs.