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ANDROMEDA LOANS
RBI holds repo rate, but for how long will relief for home loan borrowers continue?The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger ...- Right time for existing borrowers to save big on their home loans, know howAt the beginning of 2025, home loan interest rates largely ranged between 8.75% and 9.25%, depending on the borrower's profile and the lend...
- Andromeda crosses Rs 1.08 lakh crore in loan disbursals in FY25, eyes Rs 1.20 lakh crore in FY26Andromeda, a loan distributor, reports strong growth. The company disbursed loans worth Rupees 1.08 lakh crore in fiscal year 2024-25. This...
- Housing sales in top 7 cities hit new peak in 2023: ReportHousing sales in India's top seven cities reached a new peak in 2023, surpassing the previous high of 2022. A total of 476,530 units were s...
- Vehicle loans outstanding rise 22 pc in May despite high interest ratesVehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank's rate hike ...
- Share of housing loans in total advances rises to 14.2 pc in 11 years: RBI reportExecutive chairman of Andromeda Sales V Swaminathan said the residential housing segment has experienced notable growth in demand, thanks t...
- Share of housing loans in total advances rises to 14.2 pc in 11 years: RBI reportThe share of residential housing loans in total advances has increased over the last eleven years to 14.2 per cent in March 2023 from 8.6 p...
- Credit card outstanding rises 29.6 pc to reach record high level in Jan"Many categories have been digitised which has resulted in increased spends from existing customers using their credit cards," said Rama Mo...
- RBI's modified digital lending norms come into effect from December 1The RBI stated in a detailed set of guidelines for digital lending that the main concerns were unbridled engagement of third parties, mis-s...
- RBI's 50 bps hike in repo on expected lines, say analysts"Going forward, we expect inflation worries to continue from a seasonal food price shock and demand conditions gathering momentum...Our ter...
- RBI's rate-setting panel to begin 3-day meet, set to hike rateMeetings of the Monetary Policy Committee, presided over by Governor of the RBI Shaktikanta Das, are set for September 28–30. The decision ...
- Brace for 10% hike in home loan EMIs if repo rate rises back to pre-covid levelsLong term borrowers, especially floating rate home loan borrowers, will have to brace for a steep hike in interest rates in the coming mont...
- Need strict debt recovery mechanism to boost lending: Andromeda CEO"As the entire economy is coming back on track, we have witnessed an overall growth of around 30 per cent year-on-year across all the segme...
- Improved affordability of residential assets, lowest-ever interest rate pushing home loan demandAsked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director ...
- Andromeda targets 20 pc increase in loan disbursal in FY22 at Rs 30K crV Swaminathan, CEO Andromeda & Apnapaisa, said the company's loan disbursal is expected to grow to Rs 25,000 crore this fiscal year from Rs...
- Apurv Bagri to buy Andromeda from DHFL parent for Rs 150 croreMetdist, founded by Lord Raj Bagri, owns Atyati Technologies, a Bengaluru-based fintech company and jeans maker Spykar.
- DHFL, Prudential consider exiting life insurance JVDHFL holds 51 per cent and Prudential owns the rest in DHFL Pramerica.
- Andromeda has partnered with Biz2CreditAndromeda which has disbursed loans to the tune of Rs 13,000 crore last year, is aiming at disbursal of Rs 18,000 crore in current financia...
- Square Yards bags $10 million in debt-part equity round"Our target is to cross the $1-billion mark in gross transaction value by 2017 end. We hope to achieve profitability on cash flow side by O...
- Andromeda acquires apnapaisa.com in stock and cash dealAndromeda, one of the country's largest loan distributors, has acquired the apnapaisa.com, an online loan solutions space in a stock and ca...
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