ArticleField.comInternet's Fastest Growing Free Content Article DirectoryThe finance minister, in his Budget speech announced that the existing scheme of interest subvention of 1% on housing loans will be extended to loans up to Rs 15 lakh. Earlier, the subvention was offered to housing loans worth Rs 10 lakh. This is subject to the overall condition that the price of the house […]
Hopes of accelerated growth in the domestic economy, coupled with expectations of wage increments and an improved demand for consumer goods, have encouraged foreign and private lenders to switch their attention back to the unsecured loan market. “We have selectively started increasing the sourcing of unsecured loans. We believe it will remain an important part […]
This budget has few proposals that benefit the home loan seekers. Borrowers have some scope as the Finance Minister has raised the slab for the one percent interest subvention scheme on home loans from Rs 10 lakhs to Rs 15 lakhs. This gives more opportunity to the prospective homebuyers as the qualifying cost of the […]
In a first of its kind loan transaction in the troubled microfinance segment, public sector Central Bank of India has sanctioned a `100 crore loan to Bhartiya Samruddhi Finance Ltd (BSFL), the flagship company of the Basix group, against personal guarantees of its directors, including group chairman Vijay Mahajan. According to Basix’s website, it has […]
The United Arab Emirates central bank issued new guidelines on retail loans and fees as well as capped personal loans at 20 times a borrower’s monthly salary in a bid to control lending and curb excessive charges. The repayment period for personal loan can’t exceed 48 months, the regulator said in a circular posted on its […]
