Bank’s Legal Notice Served Through WhatsApp is Valid For Loan Recovery
A big relief for lenders and bad news for defaulter of loan or credit card payment or someone who are evading the bank by not
How To Calculate Security Coverage Ratio ?
Calculate Security Coverage Ratio – This is the most required ratio formula for loan approval. Majority of loan inclusive of Term loan and overdrafts are
How Does RBI Rate Cut Impact EMI of Loan ?
How Does RBI Rate Cut Impact EMI of Loan ? – Reserve Bank of India has cut the repo rate in their bi monthly review for
How To Calculate Loan Monthly Reducing Balances Interest?
How To Calculate Loan Monthly Reducing Balances Interest? – Number of time lender promote their loan products quoting Reducing Balance EMI. This is the method
How To Calculate Net Interest Margin(NIM)?
Formula to Calculate Net Interest Margin (NIM) in Percentage, which is the difference of Interest Income generated through various sources and expenses made out on interest
How Does accepting OTS effect on Credit History ?
One Time Settlement Scheme , OTS effect on Credit History of an Individual future credit history : Just as all information about credit availed (amount
When will bank return the securities after closure of loan ?
How much time bank would take in returning the title deeds /securities after closure of loan. Banks should return all the securities / documents/title deeds
Do I need to Insure the Loan from Bank ?
Insure the Loan from Bank – Yes. One will have to insure the property etc. as required by the bank during the tenure of the
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