The extra money in hand will allow you some liquidity. However, if you are nearing your retirement age, it is better to prepay and be free of liabilities

The extra money in hand will allow you some liquidity. However, if you are nearing your retirement age, it is better to prepay and be free of liabilities

Paying bills on time is of utmost importance when it comes to debt management

SBI has asked Vodafone Idea to prepare a turnaround strategy and the company is preparing the information. However, there is no assurance yet that it will be able to secure loans from the bank.

MSMEs face a huge credit gap—the World Bank pegs this at a collective $380 billion—even though they are entitled to bank finance under priority sector lending norms.

Retail loans can cause big trouble even if the performance is sound, as seen in the case of RBL Bank Ltd.

The company is engaged in residential, commercial, retail and other projects, such as mass housing and cluster redevelopment.

It is important to be fiercely strategic when it comes to choosing lower interest rates and being aware of hidden charges

On March 27, 2020, RBI announced a loan moratorium on payment of instalments of term loans falling due between March 1 and May 31, 2020, due to the pandemic. Later, the same was extended to August 31.

Phase I of the digital transformation journey has gone live and in Phase II Bajaj Finance's app will offer 72 features as compared to 52 currently.

Credit growth to industry accelerated to 6.5 percent in February 2022 from one percent in February 2021, the central bank data revealed.

Multiple bankers and analysts Moneycontrol spoke to on April 20 said that loan pricing could go up by at least 25-50 basis points from current levels over the next two quarters as lenders have started hiking their marginal cost of fund-based lending rates…

Borrowers will have to brace for paying higher EMIs on their loans and that could impact their purchasing power.

A fixed-rate loan, as the name suggests, has a steady interest rate. But there are costs involved with switching to such a loan and the change isn’t as smooth as you’d think. Fixed-rate loans carrying interest rates of over 8.25-8.5 percent may not be worth. 

Instant loan providers are thriving, luring gullible consumers looking for easy loans only to harass them later using recovery agents, pushing many to commit suicide. Moneycontrol tracked a few such cases. Here’s what we found

For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted