Page 2 - Credit Card Loans

HDFC Bank, Marriott Bonvoy to launch co-branded hotel credit card

The co-branded card offers a slew of benefits ranging from a free night award valued at up to 15000 points which can be redeemed at Marriott Bonvoy's participating hotels globally

Loan granted to credit card holder is exempt from IGST: Calcutta HC

Interest on loans exempt from IGST but provision is not available to credit card services, says government notification

Unsecured loan portfolios growth highest, credit card NPAs shoot up: Report

Credit card non-performing assets rose 0.66 per cent to 2.94 per cent as of March 2023, a credit information company said in a report on Thursday. The report, which comes amid heightened concerns on the riskier unsecured loans portfolios from the regulator, also said that such products like credit cards and personal loans grew the fastest, the report by Transunion Cibil said. On the asset quality front, credit card balances unpaid for over 90 days stood at 2.94 per cent, which is a 0.66 per cent jump over the year-ago period, while the same for personal loans improved by 0.04 per cent to 0.94 per cent, it added. From a loan growth perspective, outstanding balances on credit cards grew 34 per cent in the year to March 2023, and personal loans were up 29 per cent. Loan against property, a product typically used by small businesses for funding needs, was the fastest-growing retail product with a 38 per cent rise, according to the report. Interestingly, home loans considered by many

Credit card dues up 30% in Apr; cross Rs 2 trillion mark for the first time

The Reserve Bank of India (RBI) has expressed its concern about the growing unsecured bank credit

Credit card loans aid over 182,000 street vendors, jobless in Rajasthan

The scheme started in August 2021 to provide support to youths who lost their livelihood owing to the pandemic

We're moving away from volatile corporate bulk deposits: RBL Bank MD & CEO

In a Q&A, R Subramaniakumar dwells on the lender's strategy to fuel growth in credit cards and microfinance, and plans to mop up deposits in an increasingly difficult market

Scrutinise your no-cost EMI offers for hidden charges, say experts

There could also be a third scenario where the interest cost is added to the product price and then the higher price is converted into EMIs

Credit card spends touch all-time high of Rs 1.16 trillion in July

Spends have topped Rs 1 trillion level for five consecutive months now

New-to-credit customer? Opt for a secured credit card, say experts

BNPL, small-ticket consumer loans are other options to build credit history

Find out why your credit report shows a loan you don't remember taking

Loans can be issued to you both legally and fraudulently. So if there's a suspicious entry in your credit report, get to the bottom of the matter immediately

As Covid-19 second wave wanes, credit card spending rises in India

HDFC Bank plans to aggressively issue cards after central bank withdraws ban, helping sector to make more gains.

Credit card buys seen 8% lower in Apr-June quarter, say analysts

Among players in the credit card segment, HDFC Bank, despite a ban on issuing new credit cards, retained a sizeable, and, perhaps, the lar­gest market share in spends, at 27 per cent in May.

Weak credit card spends due to job loss snatch banks' low-hanging fruits

September's seven per cent year-on-year credit card outstanding is the poorest in recent years

Extend loan moratorium period, assistance to lawyers: PIL in Delhi HC

A petition was moved in the Delhi High Court on Monday seeking directions to the Central government and the Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loan

Why taking loan against FDs is a better option than high-cost credit cards

Take this loan as an overdraft facility and pay interest only on the amount utilized

Do borrowers have any rights?

Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits

Delinquencies in the credit card industry improved by 5 bps in 2019

Private banks put up a better show than other card financiers

For personal or credit card loans, it's time to scout for good rates

You can raise cheaper personal loans online to repay unsecured loans. For home loans, banks are taking documents online, but property verification may take time

Covid-19 impact: Consumer lending may be most disrupted by lockdown

Categorised as unsecured loans, these will feel the brunt of weak demand and income disruption of borrowers

Poor quality data, late reporting causing trouble with credit scores

There are quite a few problems with the credit score