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Can you get another loan if you’re already paying EMIs? Here’s the answerYour salary is just the start for loan approval. Lenders scrutinize your income after deducting all current EMIs. This remaining amount, me...- 700+ credit score and still rejected for a home loan? Here’s why it happens and how to prevent itEven with a credit score over 700, home loan applications can be rejected. Lenders scrutinize income stability, Fixed Obligation to Income ...
- Can a bank reject your home loan application if your monthly income is Rs 35,000? Know what expert saysWhen you apply for a loan, the lender makes two primary checks: your credit history and score and your income. If either of these doesn’t m...
- 70-80% of India's mobile data consumed indoors: TRAI chiefTelecom Regulatory Authority of India is pushing for better indoor mobile connectivity. Most data is used indoors, but coverage is lacking....
- Why isn't your home loan EMI dropping after RBI rate cuts? Blame your lenderHome loan borrowers face a crucial choice between banks and housing finance companies. Banks often pass on rate cuts faster due to their fu...
- Microfinance isn't small, it's mightyIndia's microfinance industry, crucial for financial inclusion and rural development, has grown despite challenges like demonetisation and ...
- Important factors that decide home loan eligibilityHome loan eligibility depends primarily on the income and repayment track record of the borrowers or individuals opting for the loan.
- 10 red flags that show you are falling into a debt trapYou may land in a debt trap without even realising it. Here are a few warning signs to note, before it is too late.
- 11 signs that show you are falling into a debt trapYou may land in a debt trap without even realising it. Here are a few warning signs to note, before it is too late.
- Will rising interest rates affect asset quality of home loans? Here's what you need to knowEven with revised EMIs, the fixed obligation to income ratio (FOIR) is expected to increase by less than 10 percentage points and hence rem...
- Irdai mulling to extend testing period under regulatory sandbox mechanism to 3 yrsAs of now, the applicants under the regulatory sandbox mechanism can apply through cohorts. "Here we now realise that this has to be a cont...
- RBI's new directions to MFIs pose risk of over-leveraging: IcraAccording to the norms, the process of underwriting loans will be carried out on an analysis of risk, and in line with the same, a risk pre...
- How to increase your home loan eligibilityHome loan aspirants should ideally repay their existing loans and close all previous loan accounts by taking the loan closure or 'no-dues' ...
- How to avoid rejection of personal loan applicationMost lenders consider your loan application after looking at the minimum net monthly income and accordingly, they sanction your loan amount.
- Retail lending is currently the best available option for banks: Jose K Mathew, Federal BankThis has created some level of awareness among the general public as well, about the need to keep credit scores high, he said.
- Applying for a home loan? Here’s how to avoid getting rejectedThese factors play a significant role in getting your loan rejected or approved.
- Growth slows down, NPAs rise in housing finance sector; says IcraDeterioration in asset quality indicators of some players in the affordable housing segment was also witnessed owing to seasoning of portfo...
- Home loan growth to slow down in FY17Reduction in MCLR by various banks could lead to increased competition and balance transfers, especially in the prime salaried segment, the...
- Home loan growth to moderate to 16-18% post demonetisation: ICRADelinquencies in the affordable housing and self-employed segments will increase, given the borrowers’ reliance on cash transactions.
- What are the factors that determine home loan eligibility?Banks believe that the ability to repay one’s housing loan is based on one’s income and expenditure pattern.
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