Search For "borrower"
India's retail credit growth will be driven mainly by housing loans, credi
Updated : 8 months, 1 week ago IST
The next phase of India's retail credit growth is expected to come from a rise in credit per borrower, mainly driven by the housing loan segment, according to a report by Bernstein.
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Understanding Personal Loan Interest Rates - What Every Borrower Should Kn
Updated : 8 months, 1 week ago IST
New Delhi [India], July 9: When taking a personal loan, one of the most important factors is to understand the interest rate. It directly affects the total repayment amount over the loan tenure. Even a slight difference in the rate can significantly affect your monthly instalments and the ov
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Debtkart Announces Grand Opening of Gurugram Office, for Financially Distr
Updated : 8 months, 2 weeks ago IST
Gurugram (Haryana) [India], July 4: Settlend Legal Advisors LLP, operating under its registered flagship brand Debtkart, is proud to announce the launch of its new office in Gurugram, marking a key milestone in its rapid expansion as India's first and only dedicated law firm focused solely o
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RBI bars pre-payment charges by banks for transfer of floating rates loan
Updated : 8 months, 2 weeks ago IST
In a major relief for borrowers, the Reserve Bank of India (RBI) has announced that banks and other regulated lenders will no longer be allowed to impose pre-payment charges on loans taken by individuals for purposes other than business.
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India's per capita debt of individual borrower rises significantly over la
Updated : 8 months, 2 weeks ago IST
The per capita debt of individual borrowers in India has witnessed a sharp increase over the past two years, rising from Rs 3.9 lakh in March 2023 to Rs 4.8 lakh in March 2025, according to the financial stability report released by the Reserve Bank of India (RBI).
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Mastering Your Credit Profile: Simple Steps For a Spotless Report With One
Updated : 9 months ago IST
Pune (Maharashtra) [India], June 18: Quick offers on personal loan apps offer instant funds to borrowers for a range of needs, be it to finance a wedding or urgent repairs. The journey to securing favourable interest rates and comfortable loan terms often begins with a close look at the cred
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How to Reduce Your Home Loan Interest Rate
Updated : 9 months ago IST
New Delhi [India], June 16: Efficient management of your home loan is the key to your long-term financial stability. While getting a loan is a major step towards owning a house, many borrowers overlook the impact of interest rates on their overall repayment burden. Lowering the home loan int
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Ignosis Transforms Whizdm Finance's Banking Data Sourcing with Account Agg
Updated : 9 months ago IST
New Delhi [India], June 16: As India's Account Aggregator ecosystem experiences 12% monthly growth and crosses Rs 1.3 lakh crore in facilitated loans, financial data infrastructure company Ignosis has partnered with Whizhm Finance Private Limited (Whizdm Finance), a subsidiary of Moneyview P
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India's rising household debts are not worrisome: SBI report
Updated : 9 months, 1 week ago IST
It said India's household debt is manageable and not worrisome at all, as two-thirds of the portfolio is of prime and above credit quality and the rise is attributed to a growing number of borrowers rather than an increase in average indebtedness.
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Israel: Five arrested on money laundering charges, USD 37 million in cash
Updated : 9 months, 1 week ago IST
The Israel Police said that, during an investigation, suspicions arose that some of the suspects had given loans to various parties and then blackmailed the borrowers with threats. It was also suspected that financial crimes of money laundering were committed in the course of operating the b
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Technology Startup 'Resollect' Secures Funding to Transform India's Debt R
Updated : 9 months, 2 weeks ago IST
New Delhi [India], June 5: NPAs have been impacting the growth and profitability of India's banking sector. With more than 80% of SARFAESI cases disputed by borrowers and recovery timelines running into several years, financial institutions have been stuck in an inefficient loop that technol
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Finance Ministry asked RBI to keep small borrowers up to Rs 2 lakh out of
Updated : 9 months, 2 weeks ago IST
The Ministry of Finance on Friday said it has asked the Reserve Bank of India (RBI) to ensure that the needs of small gold loan borrowers are not affected by the central bank's proposed new rules on lending against gold as collateral.
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