Personal loans lead in defaults: Survey

Individuals or households dominate the non-performing loan registers, according to a new Central Bank of Kenya survey. Bad loans stood at about Sh3.5 billion, two % of amount given to households and individuals. The sector comprising households and consumer durables purchases received Sh174 billion loan between October 2009 and October 2010. Experts say despite the […]

Banks raise home loan rates after HDFC hikes it by 25 BP

The biggest bank in terms of home loan, HDFC said that it has raised its floating interest rates by close to 25 basis points. That being the case, loans for homes will become costlier for existing as well as new borrowers. Following the same trend, many other banks too have raised their rates. The most […]

Pre-approved home loans India

For a house-hunter, next to zeroing in on the dream home, obtaining a home loan is the toughest hurdle that he or she has to cross. How would you like it if you have the loan in your pocket even before you approach the developer to negotiate? Banks and housing finance companies are now offering […]

Banks Hikes lending rates, your EMIs to go up too

A week after the credit policy, the quarter percent rate hike is beginning to seep in. HDFC has raised its home loan rates for existing and new customers by a quarter percent. HDFC was not alone in raising rates. Other public sector undertaking (PSU) banks like Bank of India and Indian Overseas Bank have also […]

Emergency Loan equals Personal Loan

Private and Public Banks are offering new and improved products to match the growing demand for loans in India. One opts for loans to meet their financial needs. Due to healthy competition prevalent in the market banks offer a wide variety so much so that it is possible to get a loan without pledging any […]