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About 10% of the total credit of Rs 85,000 under this head has turned NPA.
In a letter written to the RBI Governor Shaktikanta Das, the industry body also requested loan recast for smaller NBFCs, having asset size of less than Rs 500 crore
Sometimes, your insurer may take a long time to settle the bills or might not pay for a few services that are not provided in your policy
Too many job jumps, even if they come with salary hikes, can raise a red flag for the lender
The increase in yields will surely rule out any interest rate cut going forward
Defaulting on your home loan EMI can be highly damaging to your financial health, so borrow according to your repaying ability to manage your finances optimally
If you need a small amount, then go for a credit card loan while opting for a personal loan is preferred if an individual needs a big amount and longer repayment tenure
Personal Loan Balance Transfer is the process of transferring the total outstanding personal loan amount by the borrowers from one lender to another to take advantage of lower interest rate
Pursuing higher studies can be expensive and one may have to consider taking a loan to fund his education
Even as its competitors have hiked rates on their home loans lately, Kotak Mahindra Bank announced its decisions to continue with its rate structure starting at 6.65%