When you are self-employed, means there are so many reasons bank furnishing for rejecting the home loan application such as fluctuating income, inadequate bank balance, and firm related issue like not having GST certificate, startup firm (in case you are new to business) and what not however, by keeping in mind certain points you too […]

Recently RBI has announced enhancement of collateral free loans to Self Help Group (SHGs) under Day – NRLM from Rs 10 lakh to Rs 20 lakh. The DAY- NRLM broadly known as Deendayal  Antyodaya – Yojana – National Rural livelihoods Mission is the flagship program of the Government of India for supporting the poor, particularly […]

We hope many are aware that home loan interest rates are at an all-time low for the last one-and-a-half years. Many lenders have reduced it and with some lenders it is below 7 % to as low as 6.5 %. This is an opportunity for existing borrowers to cut down their interest rates by refinancing […]

There was a major shock to banks when the Supreme Court refused to recall its verdict which was given back in 2015, which had held that the RBI will have to provide information about the banks and financial  institutions (FIs) regulated by it under transparency law. A bench comprising Justices L Nageswara Rao and Justice […]

The Insurance Ombudsman Scheme which was part of the July 2021 issue here continues with General Insurance. As you know the insurance ombudsman has a role to settle the dispute between Complainant and Insurer by the process of effective mediation. However, we have seen that after the order of the ombudsman, the insurer failed at […]

Personal loan is a loan which can be availed for any personal purpose such as home renovation, wedding, medical emergencies, travelling, debt repayment etc. without any security or collateral. The terms quick disbursal, minimum documentation, zero restriction on end-use of loan proceeds and minimum collateral requirement make personal loan an easy and ideal way of […]

Housing Development Finance Corporation mostly known as HDFC Bank is one of India’s leading private banks and was amongst the first to receive ‘in principle’ approval from Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI’s liberalization of the Indian Banking Industry in 1994. As […]