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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 receiving their calls or changing your residence ? -  Bombay High Court has ruled that...

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SBI, ICICI, PNB Raises MCLR Lending Rates, Loan EMI to Cost More Now

Bank's MCLR Rates Hike - Top three lenders in India SBI, ICICI, PNB bank has raised their MCLR lending rates by 0.1% making loans costlier for consumers. Increased Interest Rates are effective from 01st June. MCLR (marginal cost of funds based...

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CGTMSE To Cover Retail Trades & Collateral Loans also

CGTMSE Coverage extended to Retail Trade & Collateral Loans also - Now Retail Trades & partial collateral loans may be covered under Credit Guarantee Scheme of CGTMSE. A decision in this regard taken under “Rebooting CGTMSE” organized by Ministry of MSME...

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What is P2P Lending ?

Recently P2P lending is much in news after RBI revised the policy with Rs 50,000 maximum cap. What exactly is the P2P lending ?  P2P lender simply brings lenders and borrowers together on a common online platform so that they can...

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Bank Loan For DDA Housing Scheme 2017-18

Compare the Bank loan of different bank for DDA Housing Scheme. Delhi development authority (DDA) is all set to release the scheme of their 13,000+ housing flats within Delhi. These flats are categorized in various income groups like Higher Income...

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How To Calculate Security Coverage Ratio ?

Security Coverage Ratio  - This is the most required terminology in the field of loan assessment. Majority of loan inclusive of Term loan and SODH limits are assessed based on this formula. Security or asset coverage ratio is the measurement...

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Eligibility FAQ Stand-Up India Loan Schemes ?

What are the eligibility criteria for Stand-Up India loan schemes ? Know the FAQ on eligibility FAQ about Stand-up India Loan schemes to Women, SC/ST entrepreneurs. [highlight]Click To Read : [/highlight][highlight][/highlight] What is Stand-Up India Loan Schemes ? What is the...

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What is the Objective of Stand-Up India Loan Schemes ?

The objective of the Stand-Up India Loan scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch...

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