Personal loans are at the top of the list for quick borrowing to address a financial emergency. They’re a popular financing choice since you don’t have to put up any collateral, unlike a home or auto loan. As a result, a personal loan is an unsecured loan with a higher interest...
HDFC Bank’s MSME loan up by 30%, crosses Rs 2 lakh crore, ECLG scheme gives big boost
New Delhi: Private sector HDFC Bank's loans to the Micro, Small and Medium Enterprises (MSME) sector crossed 30 lakh rupees on an annual basis by the end of December. The bank received help from the Government's Emergency Credit Facility Guarantee (ECLG) scheme. The bank disbursed loans of over Rs 23,000...
Bank of Baroda reduced interest rate on loan
New Delhi: State-owned Bank of Baroda has announced a reduction of 10 basis points in the lending rate linked to its repo rate. The bank has reduced the rates from 6.85 per cent to 6.75 per cent, which will be effective from Monday. With the revision in the Baroda Repo...
ICICI Bank reduced home loan interest rate
New Delhi: ICICI Bank on Friday announced a reduction in home loan interest rate to 6.70 per cent. The bank issued a statement here and said that the revised interest rate is the lowest in 10 years by the bank and the new interest rate will be effective from March...
The trend of taking loans increased in the country
New Delhi: Now more people are taking loans from banks in the country, due to which the bank credit growth has started improving now. Bank credit growth stood at 6.6% in February 2021 as compared to 6.4% in the previous year. Market experts say that this is a sign of...
Muthoot Homefin aims to disburse Rs 700 cr loans in FY22
New Delhi: Muthoot Homefin aims to disburse home loans worth Rs 700 crore in the upcoming financial year (FY2021-22). In a statement, the company said that over the past five years since its inception, Muthoot Homefin has disbursed over Rs 2,600 crore home loans. Currently, it has assets under management...
Personal loan on Paytm now in just two minutes
New Delhi: Now you can get a personal loan on Paytm in just two minutes. The company has introduced the facility of instant personal loan for people on its platform. The service will be available 24X7 throughout the year, including holidays and weekends. It will take less than two minutes...
Bank of Baroda launches digital lending platform
New Delhi: Bank of Baroda, the country's third largest state-run bank, has launched its own digital lending platform. Through this, retail customers will get loans online through paperless process according to the place and time of their choice. Now banks will not have to go round to take loans for...
Personal Finance app ‘Branch’ garners 2 million downloads in India
International personal finance app ‘Branch’ has achieved the feat of securing 2 million downloads in India with the majority of its consumers being of less than 30 years of age. The one-of-its-kind app that provides instant loans has customers in all the 29 states of India and has disbursed more...
Consider taking personal loans from online lenders
Since Navratri came in India, the festive season has begun, which will continue till New Year 2021. Expenses obviously increases whenever there is a festival or special event happening in one's life. Thus, one can take funds like a personal loan for a short period that can be repaid in...