Top gold loan interest rates
To meet the financial emergency requirement, an individual has various options. Some of these options include taking a loan or redeeming their investments. One such option includes taking a gold loan. Here are the interest rate charged by bank/NBFC on gold loans.
Recast of individual loans due to coronavirus: Who, how and when
The Reserve Bank of India (RBI) has announced a loan restricting plan for pe...
Your bank will decide how to recast your Coronavirus-hit loan: Dec 31 is deadline
It appears that the moratorium on loan EMIs offered across ...
Your gold jewellery will now fetch you a higher loan amount. Here's why
A gold loan is a loan against gold. It is a secured loan where gold articles such as gold jewellery, bullion etc. are taken as collateral by the lending bank/NBFC. The loan is given to the borrower against this gold as collateral.
You may not get a home loan despite having a good credit score: Here's why
The credit score indicates how an applicant’s earlier loans were serviced but nothing about his ability to service more loans. While evaluating the financial fitness of a borrower, banks also look at the applicant’s ability to pay off the additional debt that he wishes to take on.
Credit score checklist: How it is calculated, factors affecting it and ways to improve it
It is important to know the factors that affect your credit score. If you have a weak score, the lending bank of financial institutions may ...
How to get loans even with a low credit score
The cut-offs in credit scores used for evaluating loan applications can vary across lenders. Some lenders set a high cut-off in credit scores while approving loan applications while others may approve loans to those with a lower credit score.
Gold price crosses 50K: To deal with cash crunch, should you monetise idle gold?
Gold loans are not expensive and easy to avail too. Many households are monetising their idle gold to tide over financial crises caused by j...
ICICI Bank customers can get instant loan of up to Rs 1 crore against debt, equity mutual fund units
With Insta Loans against Mutual Funds, pre-approved customers can select the mutual fund scheme and number of units they wish to pledge, confirm the loan amount and set-up the OD limit using the bank's Internet banking platform.
Gold loans are cheap and easy to get: Should you take one to tide over financial crisis?
Experts are all for borrowing against gold. Other avenues like personal loans or credit cards entail huge costs that can put cash-strapped borrowers under further stress later. So, if you are facing a cash crunch, should you take a loan against gold?
ICICI Bank customers can now take instant education loans against their FDs. Here's how
For students seeking admission in international institutes, the loan amount ranges between Rs 10 lakh and Rs 1 crore. The amount varies between Rs 10 lakh and Rs 50 lakh for student seeking admission in domestic institutes.
Personal loan sanctions to get tougher
According to a report by TU Cibil, default rates will move up most in personal loans and credit cards, while home loans and auto loans will see less of a shift. This will result in lenders being more selective in the latter two categories.
Money & relationships: What to do if you can't repay loan to friend or family member
If you are unable to repay the loan taken from your friend or family member six months or year ago, due to job loss or salary cut, here's what you can do to ensure that trust between the two of you does not erode.