Page 6 - Personal Loans

Coronavirus pandemic dents growth of personal loans segment in FY21

While stress at an overall level is low, delinquencies in small ticket segment have moved up

Credit to industry shrank 1.7%, personal loans slowed in October: RBI

Credit to large companies contracted 2.9%, but that to medium enterprises grew 16.7% YoY. Overall credit to industry had grown at 3.4% in October 2019

Indian Bank launches e-facility for restructuring of personal loans

State-run Indian Bank said it has launched a facility on its website for its personal loan borrowers to submit the requests for restructuring of their loans under RBI's one-time loan recast norms.

SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans

Lending platform mPokket to disburse instant loans of Rs 1,200 cr in FY21

Borrowers can avail loans of up to Rs 30,000, with the amount being instantly credited to the user's bank account or digital wallet, the company said

Retail customers yet to approach us in big numbers for loan recast: SBI MD

SBI has launched a portal for retail customers to check eligibility for personal loan restructuring

RBI may not extend moratorium on repayment of loans beyond Aug 31: Report

The six-month moratorium period comes to an end on August 31

A snapshot of personal loan rates offered by various banks with details

Here are how the personal loan charges and rates by various banks and NBFCs stack up

Portfolio outstanding of fintech companies grew 92% in 2019: Report

Personal loan disbursements by NBFC-fintech companies grew by 110 per cent in 2019 compared to industry average growth of 22 per cent, it said

Monetary policy: RBI lends helping hand to distressed retail borrowers

Under the scheme, a resolution plan for personal loans may be invoked till December 31 and will be implemented within 90 days thereafter

Worries over liquidity to boost credit card, personal loans: CIBIL

Unlike the slowdown a decade ago, demand for credit cards and personal loans will remain as consumers look to secure funds to bridge gaps in personal finance.

Need emergency cash? Personal loan works for those who don't like surprises

Skip personal loans- when you splurge for a holiday, new iPhone or lifestyle expense you cannot afford

Loans sanctioned by NBFC sector drops 34% in Q2, personal loans see uptick

Housing, commercial vehicle and term loans fall 23-85% in the September quarter; gold loan reports growth

Now, there are loans for your lifestyle needs: Should you avail of them?

Loans are available for dental care, hair weaving and even to buy designer clothes, with easy repayment options

Need emergency money? Loan against gold scores over personal loan

Here's how the gold loans by different banks stack up

Don't go overboard taking loans just because the lender is generous

While NBFCs are increasingly willing to lend to below-prime borrowers, the latter should remember that failure to repay can have dire consequences

Need money? Avoid personal loans with advance EMIs, high processing fee

Understand difference between flat and reducing rate of interest

Snapshot of personal loan rates offered by various banks and other details

Here is how the personal loan rates offered by various banks stack up

Personal loans account for 96% of new bank loans during FY18: RBI data

A slump in fresh investment by corporate sector key reason