Archive for the "Loans" Category

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Sharp increase in Personal loans in February 2011

In spite of a sharp rise in interest rates personal loans grew by 16.2%in February 2011. This is higher than the growth of 4.1% last February (2010). Based on the data provided by the Reserve Bank of India (RBI) most of the components of personal loan such as housing, advances against fixed deposits, vehicle loans […]

The Merits of taking a Payday Loan

Since the dawn of the Internet age the payday lending industry has witnessed phenomenal growth. More and more people these days go online to borrow cash when a sudden unanticipated expense arises. Thousands of payday lenders flock the online space in-order to grab their share of customers by offering instant loans to people who are […]

Think small for Buying a New Car

Buying a car is perhaps the first big ‘buy’ for most of us. And to make a well-informed decision, we need to work out the logistics of car ownership in its entirety, and not just limit it to the cost of the car. Apart from the EMIs (equated monthly instalments) on your car loans, there’s […]

Federal Government Loan Modification Program

Mortgage loan modification enables you to modify your home loan structure so that it becomes affordable for you and helps you avoid foreclosure on your home. Millions of people who are on the verge of foreclosure understand the need to find a solution that can not only help them manage their funds and pay off […]

SBI extends teaser home loan scheme by a month

State Bank of India (SBI) has extended its ‘teaser rate’ home loan scheme — a popular, yet controversial product — by a month. The SBI home loan scheme offers a discount in the interest rate for the first three years. The interest rate structure of the scheme remains unchanged, said a top SBI official. For […]