If you thought that North India was a quite of a conservative and a debt avoiding society, South India sure gives them a back seat, since in the recent study shows that this region takes the top spot in terms of auto loans, home loans and even a personal loan! Besides Chennai tops in per… Read More »
People, who do not have a good income statement to prove their ability to repay, can still have hope to borrow a personal loan or any loan from the bank based on their credit identity. In order to increase the poor’s rural operations, credit information companies see a huge business opportunity in building up a… Read More »
If you are caught in a huge debt trap, no matter even if its Rs 1 crore, never hesitate to approach a debt counsellor for financial assistance. Getting out of such risky situations are definitely very difficult but not completely impossible. Approaching credit counselling centres can be of a huge benefit. Credit counselling centres have… Read More »
Cauvery Kalpatharu Grameena Bank is one of the Regional Rural Banks established under Regional Rural Banks Act, 1976. The bank offers a variety of loan products such as personal loan, agricultural loan, vehicle loan etc. Purpose – Purchase of Tractors and Power Tillers Eligibility – Farmers or applicant should have a minimum land holding of… Read More »
With the increased incomes of many Indians leading to increased sales of the local automobiles , the global automakers have come forward to make luxury cars available to the Indian market at cost which can be affordable, considering in past, how these products were imported and had huge taxes over them. This move, is basically,… Read More »
During this period of credit crunch, and rising interest rates, it is not advisable to bank a huge amount of interest on your car loan. Prudent borrower is the one, who can finance atleast 30% of his car amount and take a loan on the rest. Here is a following checklist of what you can… Read More »
If you have taken a vehicle insurance on your car loan it is the best move you could make as a borrower of a loan. However, you need to ensure that you keep pace with the developments happening in the insurance and the finance so that you can make wise decisions with the situation in… Read More »
After the increase in home loan rates, auto loans are also following the trend. “We were offering discounts to the tune of 25-100 bps which we will now stop. As a result, our rack rates will now be between 10.5-11 .75% for a 36-month tenure,” says Ashok Khanna, senior executive vice-president and business head auto… Read More »
With the stringent steps being taken by RBI, the latest news they have to offer you is that, auto loan rates are going to increase by 50 basis points .i.e 0.50%, since 1 basis point =0.01 %. Although the change in rate may appear tiny, but it can have a huge impact on your finances.… Read More »
Subvention – a common trend in the Indian financial sector in order to boost the overall business. The concept of providing financial incentives is quite common especially in the car loan segment, although it has been introduced recently in the housing sector. However the extent of providing these incentives is not standardised. The process is… Read More »