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CAR LOAN DEFAULTS
Lending money to friends or relatives? Why guaranteeing loans and personal lending can put your finances, credit score, and goals at riskWhen a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. So...- Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
- 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...
- Disturbing sign of economic trouble: Recession fears surge as Americans default on car loans at record rates, echoing 2008 financial crisis warningsAmericans are missing car payments at a record rate, with 6.6% of subprime borrowers behind on loans, comparable to the 2008 financial cris...
- HDFC Bank puts Rs 12,000 crore car loans for saleHDFC Bank is finalizing a Rs 12,372 crore car loan portfolio assignment to reduce its credit-deposit ratio. This follows a similar Rs 9,062...
- Defaulted on a home or car loan repayment? Here are 4 loan defaulter rights you should knowTo safeguard the interest of the borrowers RBI has introduced a Fair Practices Code. The right to humane treatment requires that borrowers ...
- Why bank mergers are good for reducing NPAsThe mergers were found to have resulted in a near 10% reduction in NPAs of weak merging banks, and almost all the decline is due to a decre...
- State Bank of India suspends car loans for Uber and OlaLender seizes 300 cars after payment defaults by drivers which reflect lower earnings by drivers amid a surge in cab numbers.
- Jolt for Ola, Uber as banks decide to stop disbursing loans to driversBankers who spoke to ET believe the defaults are higher among drivers on Ola as they accept more payment by cash compared with those drivin...
- US subprime auto loan losses reach highest level since the 2008 crisisWith losses increasing, investors in bonds backed by car loans are demanding higher returns, as reflected by yields, on their securities.
- Wanted Vijay Mallya appears in UK for launch of F1 carMallya has been on the radar of the Indian agencies for a long time now and the government has been in talks with the UK government for his...
- SBI tightens eligibility limit for car loans to check defaultAccording to an executive at a private bank, the rate of dishonour of cheques in the two-wheeler loan segment touched 23-25% in the last si...
- Earn at least Rs 6 lakh per year for SBI car loanThe State Bank of India (SBI) has tightened the eligibility criteria for its car loans and will now extend finance to only those earning ov...
- Which loan should you get rid of first?Instead of prepaying the loan with the highest EMI, consider the following factors to reduce your loss to a minimum.
- SBI more than doubles minimum income requirement for car loans to Rs 2.5 lakh per annumThe bank will now offer car loans only to those who earn at least Rs 2.5 lakh a year - or about Rs 21,000 a month, up from Rs 1 lakh a year...
- What should you do in the event of a car loan defaultIn case of a default there are many other options available to you. Don't give up on your car until you try all of these.
- ICICI Bank to put car, truck loans back on fast trackIndia’s second-largest lender, ICICI Bank, which scaled back auto loans in the past two years on the back of rising defaults, plans to go a...
- Car loan default: what, when and how?A car loan default happens when a customer repeatedly fails to make the agreed car loan payments to the lender/bank. How & when to negotiat...
- Don't bank on banks for loansGetting bank loans has become tougher. Because banks are closely watching your credit history.
- Global norms may cut short banks' cheap loans runBanks may not find much leeway for cheap loans -- often pushed by the government for political reasons -- once they adopt International Fin...
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