All the credit facilities extended by the commercial banks, NBFCs, lending institutions and other related microfinance companies to the different individuals are decided on several factors. Existing debt burden and the frequency of defaults in the repayment cycle sharply affects the home loan eligibility.  |  Photo Credit: Representative Image New Delhi: AllRead More →

Balasore: A fraudulent company allegedly looted lakhs of rupees from a group of women on the pretext of providing low-interest loans in Sajanagarh area under Nilagiri police limits of Balasore district. As per the allegations by the duped depositors, a ponzi firm had opened an office in Sajanagarh area andRead More →

Prime Minister Imran Khan’s government, under pressure from the International Monetary Fund (IMF) from which Pakistan is seeking a USD 6-billion bailout package, has disclosed every type of loans that Islamabad has received from its all-weather ally, the Express Tribune reported. According to the finance ministry’s documents, foreign loan disbursementsRead More →

Former ICICI BankNSE -2.29 % CEO Chanda Kochhar and her husband Deepak Kochharappeared before the Enforcement Directorate (ED) on Monday in connection with an alleged bank loan fraud and money laundering case registered against them. The couple arrived at the Enforcement Directorate’s headquarters in Khan Market here shortly before their scheduled appearance time of 11Read More →

New Delhi: SBI today said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-performing assets (NPAs) came down. The state-owned lender had witnessed a net loss of Rs 7,718.17 crore during the corresponding January-March quarter of 2017-18. IncomeRead More →

Indian millennials are funding a lot of their lifestyle needs by borrowing money. For instance, according to digital lending platform, IndiaLends, has reported a 55 percent growth in personal loans for travelpurposes. More interestingly, 85 percent of these loan seekers are millennials, who are seeking personal loans in the range ofRead More →