Page 2 - Personal Loans

Growth in personal loans slows down to 14.2% in Jan, shows RBI data

Personal loan growth slowed down to 14.2 per cent in the fortnight to January 24, 2025, mainly due to subdued credit offtake of vehicle loans and credit card outstanding, according to the Reserve Bank data. The RBI on Friday released data on sectoral deployment of bank credit for January 2025 collected from 41 select commercial banks, accounting for about 95 per cent of the total non-food credit deployed. On a year-on-year (y-o-y) basis, non-food bank credit as of the fortnight ended January 24, 2025, grew at 12.5 per cent (a three-month high) as compared to 16.2 per cent for the corresponding fortnight of the previous year (January 26, 2024), the RBI said. "Credit to personal loans segment registered a growth of 14.2 per cent (y-o-y) as on the fortnight ended January 24, 2025, as compared with 18.2 per cent a year ago, largely due to decline in growth rate in other personal loans', vehicle loans' and credit card outstanding' segments," it said. It further said that loan to ...

Key features to look for when applying for a personal loan online

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CIBIL flags risks of stress spreading from unsecured to secured loans

Rising delinquencies in consumption-led loans come amid credit slowdown

Pockets and packets shrink as urban consumers face budget squeeze

Companies say that the urban consumer is stressed majorly due to taking on loans and credit in various forms like personal loans and credit card debts

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 ..

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

What Is a Personal Loan for Travel and How Can It Fund Your Vacation?

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Best Loan Affiliate Programs 2025: High-Commission Payday and Personal Loan Referral Programs

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Lenders likely to securitise loans over Rs 60,000 crore in Q3FY25

Secured loans are prime assets; investors selective about segments with quality pressures

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

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

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

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

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

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

How to Find the Best Personal Loan with Low Interest Rates

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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

M&M Financial Services board approves expansion into mortgage business

The company would also participate in affordable housing loan schemes of governments

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.

Retail credit growth moderates to 16.6% in June 2024, shows RBI data

Growth in personal loans; credit to NBFC down sharply