Category: Loans & Advances

HomeLoans & Advances

Checkout the Cheapest Home Loan Interest Rates

Compare and get the cheapest home loan Interest rates from the bank -  Recently, due to sluggish demands, almost all the banks have reduced the housing loan interest rates. Majority of the tier - 1 banks are offering the RLLR...

Continue Reading  

How to Understand Credit Score & Credit Information Report (CIR) ?

Understand Credit Score & Credit Information Report (CIR) - In general, every credit rating agencies like CIBIL, Experian etc. allotting a three-digit number, typically ranging from 300 to 900, that is the result of an analysis of your credit file....

Continue Reading  

GECL MSME Loans – Bank is Ready to Lend, Customers Don’t Want to Take Risk, SBI chairman

GECL MSME Loans, No borrowers - SBI Chairman Mr Rajnish Kumar has said that Bank is Ready to Lend to borrowers but the customers don't want to take risk as they are sure about the speedy recovery in demands. Banks especially...

Continue Reading  

Canara Bank to MSMEs, Get GECL Loans in 5 Days

Canara Bank to MSMEs, Get GECL Loans in 5 Days - Canara Bank has directed its branch offices to process and disburse additional working capital loans or term loans to help MSMEs and other borrowers overcome coronavirus impact under Guaranteed...

Continue Reading  

How Will Rs 3 Lakh Crore Emergency Credit Line (GECL) Work ?

The Rs 3-lakh-crore Guaranteed Emergency Credit Line (GECL) was announced as the relief package for the MSMEs (Micro, Small and Medium Enterprises) as well as other business entities. GECL is said to be cheaper and easy working capital. For the...

Continue Reading  

Government Suspended Bankruptcy Code, What Does It Mean for Banks ?

Bankruptcy Code suspension for one year, announced by the finance minister of India under COVID-19 relief package. It is done to provide relief to the companies from failing in commitment of repayment. It means companies are now not dragged into...

Continue Reading  

COVID-19 Personal Loans By Banks – Check Your Eligibility Criteria

COVID-19 Personal Loan - Public Sector Banks (PSB) have started offering the personal loan to COVID effected customers. Some of the banks offering covid-19 personal loans include SBI, Canara Bank, Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of...

Continue Reading  

How to Calculate Cutback in Loan Appraisal?

Calculation of Cutback is an important parameter for deriving the loan eligibility. THE amount you can borrow from banks or any lender depends on how much you can afford to repay per month in EMIs or Equated Monthly Instalments. What the...

Continue Reading