Page 2 - Loan Rates

Loan against MFs: Opt if portfolio growth set to outpace loan rate

The Mutual Funds offered as collateral must be held in demat format

RBI's draft provisions create a flutter

The new provisioning norms for infrastructure financing have set the cat amongst the pigeons

Fintech firm Fibe raises $90 mn in funding round, looks to list in 3 years

Consumer loans company says it will use the financing to expand business

Buying a home? Compare loan interest rates offered by different banks

Interest rates vary and are influenced by several factors including your creditworthiness, loan amount, professional background

RBI's regulatory clampdown may tighten loan growth next year: S&P Global

The regulatory actions would enhance the operational resilience of the system, says the rating agency

States plan to raise record Rs 50,206 crore next week through bonds

At the previous state loan auction, the cut-off yield on the 10-year state government securities was set in a range of 7.36-7.41 per cent

Banks' lending rate hit 46-month high in Jan; for fresh deposits in Aug

The weighted average lending rate by scheduled commercial banks on fresh loans increased to 9.45 per cent in January 2024 compared to 9.32 per cent in December 2023

Punjab & Sind Bank, WDRA agreement to offer low-interest loans for farmers

MoU aimed at promoting awareness and extending loans against e-NWRs with no collateral

LIC Housing Finance expects to report 15% improvement in FY25 loan book

The disbursements in third quarter of FY24 was at Rs 15184 crore 5 per cent lower from Rs 16100 crore in the year ago period

States' loan guarantee more than triples since FY17 to Rs 9.4 trn in FY23

The total loan guarantees extended by 17 major states to their entities have more than tripled to Rs 9.4 lakh crore by FY23 from Rs 3 lakh crore in FY17, says a report. While guarantees are contingent liabilities, they may pose a risk to states' fiscal health if a substantial proportion of the stock needs to be serviced by them, warranting robust guarantee monitoring and prudent extension of guarantees in the future so that the financial system as a whole remains resilient. States often sanction and issue on behalf of their various enterprises, cooperative institutions, and urban local bodies guarantees in favour of their lenders which are generally banks or other financial institutions. The total loan guarantees extended by the 17 major states to their entities have more than tripled to Rs 9.4 lakh crore as of FY23 from Rs 3 lakh crore in FY17. This is equivalent to the entire increase in such guarantees of these states during FY2017-22, Icra Ratings chief economist Aditi Nayar sai

Nearly 90% of young people lack ability to calculate loan repayments

The exercise involved calculating the total amount to be repaid after a year if one is given the loan amount and the interest applicable

Bandhan Bank clarifies the NCGTC audit is only on CGFMU loan claims

CGFMU is a government-established trust fund which ensures payment against default for micro loans that are extended to small borrowers

Banks seek RBI's nod to defer penal interest guideline by 3 months

The RBI issued guidelines instructing banks to levy charges rather than increase the interest rate for borrowers who fail to meet the terms and conditions of a loan contract starting January 1, 2024

RBI to unveil regulatory framework for web aggregators of loan products

Move aimed at increasing transparency and improving lending practices

Top car loans: Compare interest rates, EMIs and processing fees

Bank of Maharashtra offers a 0.25 per cent interest rate concession for existing housing loan borrowers and corporate salary account holders

8.7% Interest, 100% on-road price: Top car loan offers this festive season

100 per cent of the on-road price, flexible EMIs, no guarantor requirement and quick processing are some of the offers lenders have unveiled this Diwali to attract new car owners

Unsecured loan growth to remain strong even with high risk weights: Report

The growth in the concerning unsecured loans segment will remain strong even if the Reserve Bank ups the risk weights for such lending, a domestic brokerage said on Tuesday. The RBI has asked lenders to be more diligent about such lending to ensure that no undue risk gets built up in the system because of high growth in unsecured assets such as personal loans and credit cards. According to some reports, the regulator may increase the risk weights for such loans, which moderates a lender's ability to lend to such segments as the capital charge goes up. "Growth can remain strong even with higher risk weights," the report by Axis Capital Research said. The note said the RBI had reduced risk weights on unsecured personal loans to 100 per cent from 125 per cent in September 2019, while credit cards continue to carry 125 per cent risk weight. If the RBI reverts the risk weight on personal loans back to 125 per cent, the core capital for banks will get hit under 0.40 per cent, the note .

Table on personal loan rates and terms of various companies

If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs.

Table: Interest rates, terms of personal loans offered by various banks

Paisabazaar's table also tells you about EMI, process fees of lenders

Bank of Maharashtra cuts home, car loan rates by upto 20 basis points

The lender has hiked the MCLR by 10 basis points in select tenors upto one year