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According to Crisil, the impact of stagnant corporate loan growth and fall in unsecured loan growth rates will slowdown overall bank credit growth rate to 14 per cent in FY25 from 16 per cent in FY24.
In emergencies, people withdraw money from mutual funds, known as Redemption. How beneficial would it be to take a loan against mutual funds instead of redemption? Find out-
Get gold price estimated from another company. Many jewelers like Tanishq provide free gold valuation services Be cautious of companies offering low gold valuation, Stay vigilant about interest rates and penalties.
Many borrowers have recently experienced changes in the Marginal Cost of Funds Based Lending Rate (MCLR). As a result, EMIs may become more expensive.
What are the benefits of taking loan against your mutual fund units?
As the festive season starts, we often tend to go on a shopping spree. The tendency is to dip into your credit cards rather than savings for retail therapy.
Don't commit these mistakes otherwise banks would reject your loan application!
The Business Standard has reported that more people are taking more unsecured loans of certain kinds in a far greater measure than they were before the pandemic.
Should you opt for higher Equated Monthly Installments (EMIs) and pay off the loan quickly, or go for lower EMIs with a longer loan tenure?
If you have received any money as bonus, incentive or in any other way, then you can pre-pay the loan with that.