Impact of Late Payments on Credit Score

blog-img
  • Share on Facebook
  • Share on Twitter
  • Share on Google Plus
  • Share on Linkedin
  • Share on Pinterest
31-Jul-18

Today, Credit Score is the most dominant factor in the credit system that decides the fate of the borrower. A three-digit score is a powerful tool to assess borrower’s capability for a particular credit product. Most of the lenders reject an applicant with a ba....

Dealing With The Inevitable – How To Plan For Retired Life In Your 50s

blog-img
  • Share on Facebook
  • Share on Twitter
  • Share on Google Plus
  • Share on Linkedin
  • Share on Pinterest
30-May-18

 It’s never too late: Prepare now to ensure a comfortable and self-reliant post-retirement life.

In our changing society, the joint-family system has become outdated. Driven by socio-economic realities, the older generation no....

LoanAdda Launches LoanSwift for Analysis of non Traditional Credit Data

blog-img
  • Share on Facebook
  • Share on Twitter
  • Share on Google Plus
  • Share on Linkedin
  • Share on Pinterest
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....

RBI 25 bps rate cut Happy times expected to continue for borrowers

blog-img
  • Share on Facebook
  • Share on Twitter
  • Share on Google Plus
  • Share on Linkedin
  • Share on Pinterest
06-Apr-16

By cutting the repo rate yet again, this time by 25 bps, the RBI has increased pressure on banks to pass on the decline in interest rates to borrowers. If banks pass on the full benefit of the cut borrowers stand to gain a lot.

However, it remains to be seen how much and when they do s....

Sundaram BNP offers home loans at 8.5% for flood-hit TN residents

blog-img
  • Share on Facebook
  • Share on Twitter
  • Share on Google Plus
  • Share on Linkedin
  • Share on Pinterest
12-Dec-15

Sundaram BNP Paribas Home Finance will be extending housing loans up to Rs 10 lakh at a reduced concessional interest rate of 8.50% per annum (fixed) to the flood-affected residents of Tamil Nadu to help them reconstruct, repair, renovate and upgrade their existing dwelling units, a press relea....

SBI too waives penalty on late, non-payment of EMI for Chennai residents

blog-img
  • Share on Facebook
  • Share on Twitter
  • Share on Google Plus
  • Share on Linkedin
  • Share on Pinterest
12-Dec-15

In view of the unprecedented rains in Chennai and the damage to property and personal assets, State Bank of India has decided to waive the penalty on late payment/ non-payment of the equated monthly instalment for November and December on home, car, and personal loans.

India's largest....