Starting a Business with Loan Against Property

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02-Jul-18

Raising funds from the right source is equally essential for starting a business. Today, entrepreneurs have a variety of borrowing options to ....

4 Effective ways  to manage your Home loan

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01-Jun-18

Are you planning to get a home loan to fulfill your dream of owning a house, then it might be the biggest financial decision of your life which will last with ....

LoanAdda Launches LoanSwift for Analysis of non Traditional Credit Data

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22-Aug-17

MUMBAI: Fintech platform LoanAdda has launched LoanSwift which will enable it to analyze vast amounts of non-traditional credit data to increase loan approval rates and reduce the risk of credit decisions, particularly for millennials who are mostly accessing credit for the first time. LoanAdda f....

Applying for a home loan These 11 banks have reduced lending rates

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20-Jan-17

On the New Year eve, Prime Minister Narendra Modi urged lenders to broaden their focus to the vast range of poorly served borrowers from the poor to the middle class. A day after both public and private banks started slashing their lending rates. Following is the list o....

LoanAdda announces participation at tech conference 'RISE'

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29-Apr-16

Gaining strong foothold in the startup ecosystem, LoanAdda, an online aggregator that aids credit requirements for those with limited means has announced its participation at 'RISE' Hong Kong, a tech platform that facilitates talks between established organizations and up-and....

Budget 2016: here what happened to your take home pay

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05-Mar-16

With neither any changes in income tax slabs or rates, nor any enhancement in the limit for permissible tax saving investments under section 80C, a salaried individual may be led to believe that Budget 2016 has no impact on her taxes. However, when one reads the fine print of the finance bill, i....

How delayed delivery costs customers buying homes on loans

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27-Jan-16

2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may ....

This week you will get good news on home, auto loan EMIs

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08-Jan-16

New Delhi: After goading banks, without much success, to pass on full benefits of policy rate cuts to borrowers, Governor Raghuram Rajan Tuesday said the Reserve Bank will this week issue guidelines to determine base rates on a new methodology based on the marginal cost of funds.

This ....

ICICI makes aggressive push in unsecured loans

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28-Dec-15

Its personal loan book grew 61% in June 2014-2015. In this period, credit cards grew 18%, home loans by 26% and automobile loans by 21%.

ICICI Bank, the country's largest private sector lender, has been aggressive on unsecured lending, especially personal loans. (An unsecured loan is one....

Applying for a Home Loan? Five Things to Know

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25-Dec-15

Opting for a home loan could be considered one of the most important financial decisions one makes. It helps create an asset which is dearest to many - a home! So, how does one ensure that he/she bags the best deal on home loans?

Taking a home loan is a life-changing event for many of ....

Home Buyers Can Now Get More Loan for Property up to Rs 30 Lakh

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25-Dec-15

Mumbai: Banks can now provide home loans up to 90 per cent for properties that cost Rs 30 lakh or below, the Reserve Bank of India (RBI) said on Thursday.

Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh.

This will benefit those home seeke....

SBI to extend Rs 500 cr worth home loans in Odisha

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12-Dec-15

Country's largest public sector lender State Bank of India (SBI) has set a target to advance Rs 500 crore home loans in 2015-16 in Odisha, said a senior bank official.

"As on November end, the bank has already extended Rs 280 crore home loans. We expect to close the year with Rs 500 cr....

A thoughtful gesture from ICICI Bank, Indiabulls Housing

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12-Dec-15

With Chennai reeling under the impact of torrential rains and flooding, ICICI Bank, HDFC Bank and Indiabulls Housing Finance on Saturday said they will not levy any penalty on their customers in the city for delay in equated monthly installments (EMIs) for the month of November.

ICICI....

HDFC allows delay of Nov EMIs for Chennai customers

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12-Dec-15

Country’s leading mortgage lender has decided to extend assistance to its home loan customers impacted by rains in Tamil Nadu. ”Understanding the gravity of the situation, HDFC has decided to be sympathetic towards its home loan customers impacted by the rains for delay in EMI paym....

Role Online loan aggregators can play in fulfilling Priority Sector Housing

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29-Nov-15

Priority Sector Housing is any Loan to individuals up to ₹ 28 lakh in metropolitan centres (with population of ten lakh and above) and loans up to ₹ 20 lakh in other centres for purchase/construction of a dwelling unit per family provided the overall cost of the dwelling unit in the ....

SBI, Andhra Bank, BOI and SBT Cut Lending Rates

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12-Oct-15

Banks have been quick in passing on the benefits of yesterday’s rate cut to the consumers. Surprising many, the Reserve Bank of India reduced the repo rate by 50 basis points (100 basis points is equal to 1%) to 6.75%.

Post the rate cut by RBI, Finance Minister Arun Ja....