SME loan defaults are by and large not wilful. The rising Mudra defaults could be a result of inadequate monitoring by banks and other ambitious microfinance lenders, coupled with the slowdown Reports of rising defaults in servicing Mudra loans have naturally got the RBI worried. It should be a causeRead More →

In 2013, Vivek Panchpande, who is visually challenged, felt elated when he got accepted for higher studies at four different universities in Canada, New Zealand, the UK and the US. He had always wanted to study abroad but his dream remained unfulfilled. “With no collateral like a house to mortgageRead More →

Mumbai: A panel set up by the Reserve Bank of India (RBI) has suggested that the Indian Banks’ Association (IBA) introduce a web portal on the lines of PSB Loans in 59 Minutes to allow quicker credit access for the agriculture sector. The Centre launched the portal in November 2018 to provide loansRead More →

As compared to the car, home, or gold loans, interest rates on personal loans are higher, because of the greater perceived risk when sanctioning them. During a financial crisis or any medical emergency, we all look towards a personal loan, as during an emergency it is an appropriate choice toRead More →

For a salaried individual, the income details can be had from the salary slips or the Form 16. For all those who are looking for a home loan, make sure you have calculated your home loan eligibility before approaching any bank or a housing finance company (HFC). Every HFC orRead More →