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RBI relief for borrowers missing payments
RBI has barred banks and finance companies from charging penal interest, which is often charged from customers for delay in repaying loan installments
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What happens if you are unable to make home loan payments?
Genuine reasons such as loss of employment, serious medical conditions, or short-term financial difficulties may warrant consideration from your lende
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What to do if you can’t pay your home EMI
A home loan is considered a secured loan for which the customer has to pledge his house as collateral with the bank as a guarantee
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This ‘settlement’ is bad for financial health
When a loan remains unpaid for a long time, the lenders make a one-time settlement offer. Even though the loan gets settled under OTS, the credit scor
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Which fear is driving companies to repay their loans?
All the large cap companies of the country are trying to reduce their debt burden as early as possible
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Lenders invoke personal guarantees worth Rs 34,000 crore
In April-June quarter of 2021-22, banks invoked personal guarantees worth Rs 8,437 crore of defaulting promoters by taking action against 56 accounts.
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What happens to a loan if the borrower dies?
Here is a low-down on what happens to an outstanding loan in case of sudden demise of the borrower
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Taking a loan? RBI has a message for you
Most people took advantage of the moratorium period announced during covid-19 outbreak and stopped paying EMIs
