Credit usage has become universal and omnipresent in the present day and age. Accessing cheap and timely credit, requires CIBIL rating of at least 750 and above (out of 900). While it is not rocket science, maintaining credit health requires awarenes...
With banks being asked by the government to prioritize their lending towards the poor and middle class, they have moved to MCLR as their new benchmark lending rate from June, which replaced the base rate system for new borrowers.
As per RBI, any company or individual, who owns money to the lender and has the capacity to pay back their loan, but are willfully defaulting on their loans is called willful defaulter. There are four different circumstances defined by RBI.
To make the process of getting a Car Loan and repaying it successfully slightly easy, you first need to choose the right loan, keeping all the necessary details and requirements in mind. Here are a few tips to manage your Car Loan well.
The process by which the unpaid principal amount of the loan is transferred to a different lending bank for a lower rate of interest is called balance transfer.
How Can You Decide If Home Loan Balance Transfer Will Benefit You?