RBI warns banks against a loan price warIn situations where banks are inundated with liquidity, the natural tendency among many lenders is to push loans and go down the credit mat...
Credit card issuers push EMI loans to counter revolver model misfireWith a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction v...
Simple ways to reduce your monthly personal loan EMI burden over time nowManaging a personal loan EMI requires balancing monthly affordability with the overall cost of borrowing. This article explores practical w...
Think a Rs 1 lakh salary means a Rs 60 lakh home loan? CA explains what banks actually checkA Rs 1 lakh monthly salary does not automatically mean you can get a Rs 60 lakh home loan, CA Nitin Kaushik explained. Banks assess factors...
Where to find pre-approved used car loans online without hidden feesStreamlined used-car platforms are revolutionizing the buying experience by presenting pre-approved loan options with transparent charges. ...
Finance company sent recovery agents at midnight to seize vehicle, sells without giving notice; Supreme Court orders Cholamandalam Finance to pay Rs 15 lakhCholamandalam Investment and Finance Company has been ordered to pay a truck owner around Rs 15 lakh in total after seizing and selling his...
“Gold loans are no longer just for rainy days”; Experian India's Manish Jain on why demand is risingManish Jain, Country Managing Director, Experian India, discusses the growing demand for gold loans, the lower risk of over-leveraging with...
JLR begins talks with global banks for $1.3 billion five-year loan; some lenders flag Tata Sons leadership uncertaintyJaguar Land Rover is in talks with global banks for a £1 billion loan. Lenders are seeking clarity on N Chandrasekaran's leadership at Tata...
Parents want Rs 50 lakh wedding with 1,500 guests, tell 27-year-old son to take Rs 45 lakh loan; Internet says 'It could choke your freedom for 10-20 years'A 27-year-old man's wedding dilemma has sparked debate on Reddit after his parents suggested spending Rs 50 lakh on a grand celebration and...
SBI debits Rs 19.9 lakh for late spouse’s loan, freezes salary account despite not part of the debt; High Court orders it to pay widow Rs 20.9 lakhAllahabad High Court has ordered SBI to refund Rs 19.9 lakh after the bank used a widow’s fixed deposit to recover her late husband’s perso...
Maldives repays USD 150 million loan to IndiaThe Maldives has repaid a USD 150 million loan to India by settling the final tranche this week. The State Bank of India had subscribed to ...
SoftBank adds $21 billion to AI firepower in new debt dealsThe Japanese conglomerate increased its margin loan backed by shares of its chip unit Arm Holdings Plc by $5 billion to $25 billion, people...
Rs 40 lakh home loan: The EMI looks cheaper at 30 years, but there’s a costly catch, warns CACA Nitin Kaushik explained how home loan tenure can dramatically affect total interest. On a Rs 40 lakh loan at 9%, a 10-year tenure means ...
Bengaluru CA took a Rs 1 crore home loan for 30 years. She shares how Rs 4,000 extra a month could save Rs 42 lakhBengaluru CA Meenal Goel explained how small, consistent home loan prepayments could potentially reduce interest costs significantly. Her p...
South Africa agrees $1 billion infrastructure loan with New Development BankSouth Africa has secured a one billion dollar loan agreement. This funding from the New Development Bank will facilitate crucial municipal ...
SoftBank gets upsized $11.9 billion loan in OpenAI funding pushThe latest borrowing would add to SoftBank’s wave of recent debt financing activities tied to its bet on OpenAI. That includes a $10 billio...
Couple earning Rs 3 lakh per month reject Rs 1.5 lakh EMI: How they avoided a home loan trap, CA explains the mathA Gurgaon couple earning Rs 3 lakh a month decided against buying a Rs 2 crore home that would have required an EMI of around Rs 1.5 lakh. ...