Planning to apply for a personal loan? Know essential dos and don’ts to make a smart financial decision. Keep EMIs affordable, choose short tenures, and borrow only for emergencies to avoid debt traps.
Securing a personal loan at favourable interest rates requires an understanding of several.
Lenders charge a lower rate from borrowers with a high credit score and a higher interest rate from those with a low credit score.
Loan transfers are resorted to by lending institutions for various reasons, ranging from liquidity management, rebalancing their exposures or strategic sales.
Issuing additional frequently asked questions (FAQs) on the 'scheme for grant of ex-gratia payment of the difference between compound interest and simple interest', it said credit card dues outstanding as on February 29 would be considered for giving relief to the borrowers.
RBI Repo Rate Cut: The Reserve Bank of India (RBI) on Friday cut its benchmark lending rate by 0.25 per cent to revive growth that has hit a six-year low of 5 per cent. With this cut, the repo rate, at which it lends to the system, will now come down to 5.15 per cent and push consumption during the ongoing festival season. RBI's move has brought a bunch of good news for those who are looking at taking a new loan.
ICICI Bank MCLR Rate: Good news for ICICI Bank account holders as India's one of leading private lender has announced Dussehra gift for its customer. The bank has reduced Marginal Cost of Funds based Lending Rate (MCLR) by 10 bps (basis points) for its customers and the changes will be effective from today, i.e October 1, 2019.
New Delhi, Feb 26 : The country's largest lender State Bank of India (SBI) has taken in-principle decision to slash interest on education loans by up to 1 percentage point.“The bank has taken in-principle decision
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