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 →

New Delhi: The Committee constituted by Reserve Bank of India (RBI) has submitted its report to the central bank recommening that the limit for collateral free lending should be increased to Rs 20 lakh for MSMEs and Self-Help Groups (SHGs), Union Minister for Micro, Small and Medium Enterprises Nitin GadkariRead More →

Leading agro chemical company UPL on July 24 said its wholly-owned subsidiary has arranged EUR 100 million (approximately Rs 768.80 crore) loan at zero interest rate to meet the working capital requirements across the group. UPL Corporation has arranged the financing, and the transaction is expected to be completed inRead More →

HYDERABAD:  A proposed loan worth $300 million or about Rs. 2,000 crore for Andhra Pradesh’s new capital Amaravati has been dropped by the World Bank dropped after the central government reportedly withdrew the application. The World Bank had reportedly sought permission from the centre to conduct an independent investigation into complaints ofRead More →

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 →