Debt availed solely for the purpose of buying luxury items is considered to be 'bad loans'. This can include credit cards and personal loans
Money9 Helpline hosted Abhinav Kaul, senior director – strategic partnerships of Bank Bazaar to resolve queries on how to maintain a good credit sco
Secured loans levy lower interest rates compared with unsecured loan options such as personal loan and credit card
Credit to the household sector rose by 10.9% (y-o-y) and its share in total credit increased to 52.6% in March 2021 from 49.8% the year-ago period
Subsidy on education loan under this scheme is admissible only once, either for UG or PG or integrated course
All the nine banks are offering these personal loans designed to help the common people are state-run banks.
The share of banks both public sector and private, has gone down in the personal loan segment with NBFCs making rapid strides between 2018 and 2020
Credit card issuers allow users to convert their entire bill, or, a part of it, into EMIs for a comfortable tenure
The moderation was driven by a significant weakening in the flow of household financial assets, the Reserve Bank of India said
Credit cards are like double-edged swords. They're helpful during an emergency but it takes no time for them to become a burden