A recent press report said that Corporation Bank has focused on MSME (micro, small and medium enterprises) and agriculture sectors for growth during the current financial year. Mr Ramnath Pradeep, Chairman and Managing Director told the press that the bank desires to register 25 per cent growth in advances during the current financial year and… Read More »
A recent press report said that Canara Bank has decided to hold data mining or data warehousing to manage the increasing volume of business transactions. Ms Archana Bhargava, Executive Director, of the bank said that the process for the vital technology has reached the Request for Qualification (RFQ) stage in which leading vendors are represented.… Read More »
PURPOSE – To offer loans for Micro, Small and Medium manufacturing concerns, Ancillary units, vendors to large manufacturers, agro processing units , for traders, dealers, distributors of consumer products, agricultural inputs, educational institutions, hotels, travel, freight management, small hospitals, call centers, health care units, women entrepreneurs etc. ELIGIBILITY CRITERIA – The credit requirements of… Read More »
PURPOSE – Any genuine business or personal credit requirement excluding for speculative/prohibited purposes ELIGIBILITY – Bonafide owners of commercial or residential property, legally let out on lease/rental agreement to reputed institutions or companies. QUANTUM OF LOAN – Maximum of 75% of rent receivable excluding TDS by owner for whole or part of Lease period not… Read More »
If your loan has been rejected, do not panic under such kind of situations. You need to just understand that under what circumstances has the bank rejected : 1. If you have applied for a personal loan or any kind of loan or even a credit card with bank ABC, but earlier you have defaulted… Read More »
It would be nice to avail a loan before you zero down on your dream home but pre-approved home loans may not be all that rosy at seems. The procedure of acquiring one is not all that different from acquiring a regular home loan. The documents which you will be asked to submit include, depending… Read More »
Gurgaon Gramin Bank is a Regional Rural Bank, sponsored by Syndicate Bank having its Head Office at Gurgaon. It came into existence in the year 1976, and has operations in almost seven districts. The Bank is among the first RRB in the country under various financial parameters. The bank is also having its own Head… Read More »
If you are a young married couple and want to own a house before you start a family, without burdening your joy for travelling and shopping, then here is a simple mantra, by which, all you pursuits of happiness can be fulfilled. Opting for a joint loan, with you and your spouse as a co-owner,… Read More »
Most borrowers of a home loan, are just bothered about how the loan is to be prepaid and how quickly they can get the burden off their finances. Most bankers say that one out of every six home loan borrowers does not bother to take back their documents even after repaying the entire loan amount.… Read More »
The CVC(Central Vigilance Commssion) has directed the banks to not provide criminals with the option of opting for a one time settlement of their dues on their loan, be it even for their home loan. The offences would continue to be probed by the investigating agencies concerned-Central Bureau of Investigation (CBI) in cases where dues… Read More »