No Loan Against Stocks Anymore

A volatile stock market has forced the RBI to tweak the rules of banking. It has told banks that stocks can no longer be considered as collateral against loans for calculating the Capital Adequacy Ratio (CAR), the minimum capital that banks have to set aside to give loans. Bankers said that this will not only […]

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Bad Credit Personal Loan

Can you avail a personal loan with bad credit? Availing a personal loan is the most difficult task for someone with bad credit. Actually it is an adverse situation to be in, which will affect your loan approval. This section of borrowers is treated as ‘most risky’ by the lenders. As credit checks done before […]

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Banks to Toss out Bad Loans

Many banks are looking at selling bad loans to spruce up their balance sheets, at the end of the fiscal year. As reported by Economic Times, according to market sources, while some banks are entering into one-to-one deals, others are planning to auction stressed assets. The list includes State Bank of India (SBI), Allahabad Bank […]

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Recovery agent Harrassment

I had taken a personal loan from my father for business. I have had a good payment track record in the past but I suffered a loss in my business. We now live in a rented house and do not have any securities/insurance etc to pay the loans. This is one of the reasons why […]

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Can I Pre-Pay My Personal Loan?

Yes, you can pre-pay your personal loan, but you will have to pay a pre-payment penalty. Pre-payment penalties on personal loans are generally quite steep, with some banks charging as much as 5%. Some banks allow you to pre-pay a portion of your loan outstanding (usually 25%) without any pre-payment penalties. Read your loan agreement […]

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Why Should I Take Personal Loan?

Whenever a person considers taking a loan the first question that comes to mind is about the type of loan that he/she can get. The personal loan can be used for any purpose, such as renovating your house, marriage expenses, medical expenses, holidays, purchasing consumer durables, higher education etc. No clarification is needed while applying […]

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How Much Personal Loan Can I Get?

How much personal loan can you get? Banks provide personal loans based on the income of the individual. Banks normally provide the loan that is up to 2 – 3 times the annual income of the borrower. Apart from income, other factors that decide the maximum eligible amount are the borrower’s past track record, other […]

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