Search For "borrowers"
RBI bars pre-payment charges by banks for transfer of floating rates loan
Updated : 8 months, 3 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.
Read More
India's per capita debt of individual borrower rises significantly over la
Updated : 8 months, 4 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).
Read More
Mastering Your Credit Profile: Simple Steps For a Spotless Report With One
Updated : 9 months, 1 week 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
Read More
How to Reduce Your Home Loan Interest Rate
Updated : 9 months, 1 week 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
Read More
India's rising household debts are not worrisome: SBI report
Updated : 9 months, 2 weeks 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.
Read More
Israel: Five arrested on money laundering charges, USD 37 million in cash
Updated : 9 months, 3 weeks 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
Read More
Technology Startup 'Resollect' Secures Funding to Transform India's Debt R
Updated : 9 months, 3 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
Read More
Finance Ministry asked RBI to keep small borrowers up to Rs 2 lakh out of
Updated : 10 months 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.
Read More
Tailored Personal Loan Offers From 20+ Lenders on Bajaj Markets
Updated : 10 months ago IST
Pune (Maharashtra) [India], May 29: Bajaj Markets serves as a comprehensive digital platform to connect borrowers with over 20+ leading banks and NBFCs offering personal loans. The marketplace allows seamless comparison of loan features, including interest rates, loan amounts, tenures, and e
Read More
Unlock Quick Funds with Bajaj Finserv Gold Loan
Updated : 10 months ago IST
Pune (Maharashtra) [India], May 26: In recent years, the gold loan has emerged as a trusted financial tool in India, especially for those who need quick access to funds to meet planned or urgent needs. By pledging 18-22 karat gold jewellery, borrowers can access funds starting from Rs. 5,000
Read More
How To Fix Errors In Credit Reports And Boost Scores With OneScore
Updated : 10 months ago IST
Pune (Maharashtra) [India], May 26: Getting rejected for a personal loan can be a frustrating experience, especially for those with stable incomes and what seems to be a clean financial track record. One reason for applications to get rejected is not because borrowers lack financial discipli
Read More
Bajaj Markets Simplifies Checking CIBIL Score for First-time Borrowers
Updated : 10 months ago IST
Pune (Maharashtra) [India], May 24: Many first-time borrowers focus only on salary or job details when applying for a loan. But lenders often check the CIBIL score first. This score shows past credit behaviour and helps them decide whether to approve the loan. To make this process easier, Ba
Read More