One can opt for used car loans at an attractive interest rate that comes with a repayment option up to a tenure of seven years
Wedding loans accounted for 33% of all loans during the second wave of the pandemic, compared to 22% during the first wave
Investments are perceived by investors in a combination of trust, safety, returns, liquidity while also considering the convenience of transacting
An overdraft facility is short-term pre-approved loan offered by banks and financial institutions that are granted banking rights by the central bank
The specifics vary according to the type of loan, but you can generally anticipate a bad reputation for your credit history if you missed EMI
Banks make such loans to prospective borrowers assuming that certain pre-determined terms and conditions are met
However, even after lowering rates, small finance banks offer higher interest rates on fixed deposits of all tenures compared to commercial banks
In the near future, an increase in small savings plans will be encouraged by widening interest rate gaps between bank deposits and savings plans