Instant Loans

Consider interest rate, collateral, cosigner terms when selecting lender

Indian students typically approach banks, NBFCs, and a few international lenders for foreign education loans

Ease of lending: How Unified Lending Interface will improve credit access

Seamless delivery of credit and a quicker turnaround time without requiring extensive documentation will benefit both borrowers and lenders

GenZ prefers personal loans; millennials go for credit cards, shows data

Out of the total loans disbursed, digital lending has increased from 1.8 per cent in financial year 2022 (FY22) to 2.5 per cent in FY24

Bajaj Finance's AUM rises 31% in Q1FY25, new loans booking improves by 10%

The deposits book of the company rose by 26 per cent to Rs 62,750 crore from Rs 49,944 crore as of June 30, 2023

RBI must review plan to raise provisions against infra loans: Lobby group

Last month, the Reserve Bank of India (RBI) proposed that banks and non-banking financial companies set aside a provision of 5 per cent of the total loan amount of infrastructure projects

Vacuum for Indian MSMEs seeking growth finance: Nishu Malhotra, ADM Capital

In India, shift to private credit, Nishu said, started before the Covid era, driven by regulatory reforms including the Insolvency and Bankruptcy code, Real Estate Regulatory Authority (RERA) Act etc.

Explained: How banks might have been overcharging you on your loan

The RBI found some banks charging customers interest on loans before the money was even given to them.

Collection efficiency for personal loans reduces in December: ICRA

Earlier, in October 2023, Reserve Bank of India Governor Shaktikanta Das had flagged the high growth in certain components of consumer credit, of which personal loans are a component

Fintechs lead small-ticket loans' volume with 77% market share: Report

Fintechs accounted for 50% of the loan volumes disbursed with a ticket size less than Rs 1,00,000 in FY18

Sharp downgrades likely to keep Paytm stock under pressure in market

The buy now, pay later (BNPL) business may moderate sharply with disbursements down by 15-18 per cent

No cost EMIs galore this festive season: Are there any hidden charges?

The no-cost EMI offers allow consumers to buy different products in instalments without paying additional interest or charges. This implies that you will be paying only the actual price of the product

Six steps to improve your credit or CIBIL score, check steps below

Your CIBIL score plays a key role when you go for loan requests as it will help you get loans at easy interest rates and along with other benefits. Here are the six tips to improve your credit score

Retail loans given by NBFCs to grow 18-20% in FY24, says Icra report

Digitalisation and cross-selling shaping high growth in unsecured loans, it says

Housing.com partners with FinBox to offer instant loans up to Rs 10 lakh

Once the application is approved, applicants receive instant loan offers, with funds typically disbursed within 24 hours

Three out of every five Indians prefer opting for car loans: CARS24

CARS24 said that rising costs of vehicles, the desire for newer models with advanced features, and the availability of attractive loan packages are encouraging Indians to go for financing

Arohan Financial Services opens over 100 branches in underserved states

Arohan Financial Services Ltd has opened 102 new branches in FY'23 to expand its presence in underserved states of the country, the microfinance company said on Friday. The Kolkata-based NBFC-MFI lender now has 835 branches across 15 states offering a range of financial products and services to low-income customers. The new branches were opened in West Bengal, Uttar Pradesh, Uttarakhand, Madhya Pradesh and Rajasthan, with additional operations in Assam, Bihar, Chhattisgarh, Jharkhand, Karnataka, Maharashtra, Meghalaya, Odisha, Telangana and Tripura. Arohan is investing heavily to expand in semi-urban and rural geographies, providing employment opportunities for rural youth and enhancing access to credit for the financially underserved, the company said in a statement. Our endeavour is to include every underserved household and small business under financial services. As we commence on our ambitious five-Year Vision plan of rapid expansion path to serve 20 million lives by 2027, we

Finance ministry pulls up PSBs over mis-selling of insurance products

Banks have been advised to ensure '100 per cent' compliance of know your customer (KYC) guidelines while sourcing insurance business

YSRCP MP Vijay Sai Reddy raises instant loan app fraud issue in RS

He said the police arrested only the Indian agents and the companies were operating from China, and were also working without permission of the RBI

Google asks loan apps to display link to partner bank, NBFC: Report

Google also said that the digital lending apps that fail to comply with the rules, will be deleted from the Google Play Store

Credit-deposit growth gap widens to a three-year high of nearly 5%

Development fuels concern that slow deposit growth could emerge as one of the biggest constraints for loan growth in the system