Personal Loans
Fintechs' personal loan portfolio drops 10% in Q2, NPAs rise: FACE
Fintechs' portfolio outstanding in the riskier personal loans segments dropped by 10 per cent in the September quarter, a self-regulatory organization (SRO) for the sector said on Monday. In a data release -- which comes amid concerns on the personal loans front, which have even led to actions from RBI to curb lending in it -- Fintech Association for Consumer Empowerment (FACE) said the loan outstanding dropped to Rs 66,683 crore at the end of September compared to Rs 74,057 crore in June. The SRO said loans unpaid for over 90 days increased to 3.4 per cent from 3.2 per cent in June. West Bengal (4.1 per cent), Uttar Pradesh (3.7 per cent), Rajasthan and Gujarat (3.6 per cent) each had the highest incident of stress, it added. The first half of the fiscal witnessed a reduction in the average ticket size per borrower to Rs 9,225 against Rs 10,222 in FY24, it said, adding that 41 per cent of the loans in the first half were under Rs 25,000. Digital personal loans by Fintech NBFCs ..
 "Fintechs' personal loan portfolio drops 10% in Q2, NPAs rise: FACE")
Lenders must offer fixed-rate products for EMI-based loans, says RBI
While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans
 "Lenders must offer fixed-rate products for EMI-based loans, says RBI")
 "What Is a Personal Loan for Travel and How Can It Fund Your Vacation?")
 "Best Loan Affiliate Programs 2025: High-Commission Payday and Personal Loan Referral Programs")
Lenders likely to securitise loans over Rs 60,000 crore in Q3FY25
Secured loans are prime assets; investors selective about segments with quality pressures
 "Lenders likely to securitise loans over Rs 60,000 crore in Q3FY25")
How Gen Zs, millennials are funding dream weddings for social media 'likes'
Gen Z and millennials are reshaping the wedding industry, financing unique, lavish ceremonies through personal loans to capture social media-worthy moments and avoid family financial burden
 "How Gen Zs, millennials are funding dream weddings for social media 'likes'")
Improve score, opt for secured credit card to tackle squeeze in issuances
If you are finding it hard to get a personal loan, try to get a collateral-based one
 "Improve score, opt for secured credit card to tackle squeeze in issuances")
Tough loan market, rise of momentum investing: Top personal finance stories
This week we write about how to get a loan as availability norms harden and how to select momentum index funds
 "Tough loan market, rise of momentum investing: Top personal finance stories")
Tata Neu's lending biz disburses over 1 lakh personal loans worth Rs 1k cr
According to Sushma Abburi, chief business officer, MoneyView, the partnership with Tata Neu enables the company to deliver personalised loan products through its innovative platform
 "Tata Neu's lending biz disburses over 1 lakh personal loans worth Rs 1k cr")
Do you fear low credit score? Keep away from one-time loan settlement
If someone is nearing default, they must act quickly to avoid it, as recovery from default takes time
 "Do you fear low credit score? Keep away from one-time loan settlement")
Single table to know 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
 "Single table to know personal loan rates and terms of various companies")
 "How to Find the Best Personal Loan with Low Interest Rates")
JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan
As part of the agreement, JNPA will facilitate subsidised loans and insurance policies tailored for the dyemakers in the region
 "JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan")
M&M Financial Services board approves expansion into mortgage business
The company would also participate in affordable housing loan schemes of governments
 "M&M Financial Services board approves expansion into mortgage business")
Personal loan rates, terms of various companies collected in one table
If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs.
 "Personal loan rates, terms of various companies collected in one table")
Retail credit growth moderates to 16.6% in June 2024, shows RBI data
Growth in personal loans; credit to NBFC down sharply
 "Retail credit growth moderates to 16.6% in June 2024, shows RBI data")
 "How to Calculate Your Personal Loan EMI: Explained")
GenZ prefers personal loans; millennials go for credit cards, shows data
Out of the total loans disbursed, digital lending has increased from 1.8 per cent in financial year 2022 (FY22) to 2.5 per cent in FY24
 "GenZ prefers personal loans; millennials go for credit cards, shows data")
How long will the good run last?
In public, bankers exude confidence and say everything is hunky-dory, but the rising defaults in a few pockets don't exactly suggest this
 "How long will the good run last?")
Only 2% personal guarantee claims recovered under IBC so far: IBBI
One of the initial challenges of the process was whether a banker's agreement with the company and the personal guarantor is interlinked or separate
 "Only 2% personal guarantee claims recovered under IBC so far: IBBI")
