“What are Home equity loans? Are they different from home loans?” I had always had this question in my mind when I glanced through the loan advertisements on the papers. I thought that it was the word equity that mattered but later as I started to delve into the facts I came to understand the… Read More »
According to a recent press release, Mr. Pratip Chaudhuri, SBI’s new chairman said that the bank will try to enlarge its market share without having any negative effects on the bank’s margins and profitability. He said that the bank has decided to reconsider its business areas where it has faced problems with the non-performing assets.… Read More »
Recent press reports said that Corporation Bank is expecting its credit growth and deposits to expand by 25 per cent and 22 per cent respectively, in the year2011-12. Mr. Ramnath Pradeep, Chairman and Managing Director of corporation bank spoke to the press about the bank’s expectation on the credit growth and the deposits in the… Read More »
When a loan is given by a lender along with it some repayment schedules are also laid down. The repayment schedule may be weekly, monthly or annual. If any of these payments are missed, the loan is said to be defaulted loan. Any defaulted loan will be affecting the credit history of the person who… Read More »
When you borrow money from a close friend, the only thing you have to repay is that amount you borrowed (this is called the principle amount), especially when it is a small amount. Instead you are borrowing from a financial institution, or a bank, and then you will have to repay the original amount plus… Read More »
Secured loans are those loans that are protected or backed by an asset or collateral of some kind. The item purchased using such loans, such as a home or a car, can be used as collateral, and a lien can be placed on such purchases. This is kept with the finance company/ bank will hold… Read More »
What happens when one puts a rubber ball down on the floor? Simple it bounces back. So what can be a bounced cheque? A bounced cheque is nothing but a cheque that is returned by the bank because the account holder who offered the cheque does not have sufficient money to honour the cheque (do… Read More »
Having a home is everybody’s dream. There are a variety of home loans available today. Choosing the most suitable loan available is the only thing to be done. After a few years of repayment of the loan, the repayment scheme or interest rate may turn out to be unsuitable to a person. The interest rate… Read More »
Loans that are offered to a relative or a friend are called as crown loans. This type of loan does not hold any hard or fast rules on the borrower, generally a person well off in the family offers such loans to the one who is struggling for financial assistance to build his house, business,… Read More »
It was a pleasant morning that day when I decided to go for a walk; it had been almost twenty years then since I left my home town. I had settled in the city 500 kilometers away from my village. I had always dreamt of living in my village for the rest of my life… Read More »