Citigroup Home Loan Variation And Foreclosure Avoidance

Recently, Citigroup has been getting a lot of awareness thanks to their Road to Recovery Tour, which is going to be offering events here in the early parts of June to homeowners who are struggling and may need a home loan variation or other foreclosure avoidance programs that could be offered from CitiMortgage. Current options […]

Car sales growth dips as Car loan rates rise

Growth in car sales at most car makers was slower in April than the previous month as several companies raised prices to offset the impact of higher raw material costs. Also, borrowing costs are rising as the reserve bank increases interest rates to tame inflation. April sales are also traditionally lower than in March when […]

High property prices, rates keep home buyers at inlet

Potential home buyers are postponing their conclusion to buy a house due to high property prices and increasing interest rates leading to a slowdown in housing credit, said RV Verma, chairman, National Housing Bank. The Reserve Bank of India’s (RBI) sectoral bank credit data showed that the home loans outstanding of banks increased to Rs […]

India Car Sales Slow in May

While the local units of Suzuki Motor Corp. Hyundai Motor Co. and posted marginal gains in passenger vehicle sales in May, Tata Motors Ltd. posted a decline in sales as high inflation, rising loan rates and price increases hurt demand. Growth in vehicle sales has been hit as several companies raised prices in January and […]

Invest small sections in NCDs and company deposits

With the increasing interest rates, returns from non-convertible debentures (NCDs) and corporate fixed deposit are on the rise. In fact, some of these are elevated than bank fixed deposits. Industry players say Shriram Transport Finance, Shriram City Union Finance, Manappuram General Finance and Muthoot Fincorp plan to begin NCDs in the coming months. Frequently, the […]