Vivek Joshi, Secretary to the Department of Financial Services, Ministry of Finance said in an interaction with ANI that the intention of the extension is to incentivize those to were quick in repaying the earliar loans.
New Delhi [India], July 12: Hero FinCorp has increased its instant Personal Loan offering from Rs 3 Lakh to Rs 5 Lakh. The move aims to provide borrowers better financial support without pledging their assets as security.
This shift comes with its challenges, notably high-interest rates that typically range between 10 per cent to 36 per cent per annum, depending on the borrower's credit history.
Pune (Maharashtra) [India], June 7: Bajaj Markets now facilitates easy access to used car finance. This is a convenient solution for individuals to purchase pre-owned vehicles. With a high loan amount of up to Rs. 77 Lakhs, individuals can finance up to 100% of their second-hand car purchase
New Delhi [India], May 28: In a rapidly evolving landscape of financial services, choosing the right home loan that matches your needs, one which is cost effective, where access to finance is quick and where the process is transparent. Bank of Maharashtra offers the Maha Super Housing Loa
New Delhi [India], May 27: In its bid to disrupt the lending industry by ensuring better financial inclusivity, Bharat Loan, the leading full-service digital lender in India, launched a revolutionary new EMI product, Bharat Easy
New Delhi [India], May 14: Andromeda, India's leading loan distribution firm, proudly announces the launch of its mobile app, "OneAndro," designed to streamline the loan borrowing and distribution process. The app, now available on Playstore, marks a significant leap forward in connecting th
Pune (Maharashtra) [India], April 27: Bajaj Markets enables borrowers to apply for a home loan balance transfer facility on its platform. This digital service aims to ease the burden of EMIs and simplify repayment processes by offering advantageous terms to borrowers on their existing loans.
Mumbai (Maharashtra) [India], April 15: Siddharth Agarwal, Founder and Managing Director, Mobicule Technologies Pvt. Ltd. shares Mobicule's pioneering journey in the Phygital Transformation of Debt Resolution in India. In an era defined by technological progress, the debt resolution landscap
Chennai (Tamil Nadu) [India], January 31: Karnataka Bank (KBL), a leading Private Sector Bank & Northern Arc Capital Limited ("Northern Arc"), one of India's diversified NBFCs and a financial services platform, have entered into a MOU, enabling the bank to offer customer-centric financia
According to the agency, the companies and the individuals are involved in lending money through mobile phone apps and later harassing borrowers by accessing their personal details.
He posted, "My year end musings. A Financial Sector Model for India's dream: 9% annual growth, $30 trillion GDP by 2047. India is transforming from a nation of savers to investors. The tussle between the saver/ borrower and issuer/ investor model is underway....."