LOANS


Moneylife Digital Team 29 November 2010
High Mark will be the country's fourth credit bureau after CIBIL, Experian and Equifax High Mark Credit Information Services today became the fourth credit information company in the country to receive the approval of the Reserve Bank of India (RBI) to operate as a credit bureau.

Read More



Moneylife Digital Team 22 November 2010
The country’s largest credit records institution is not updating its records on time, according to a complaint by a senior banker. Also, individuals are upset that they are not receiving their credit reports on time Credit Information Bureau of India Ltd (CIBIL) is falling behind in...

Read More



Debashis Basu Debashis Basu 25 August 2010
If you are hard up for cash and need the money immediately, consider pledging gold. But remember, there are serious pitfalls, explains Debashis Basu You can see their advertisements all over: Muthoot Finance, Muthoot Fincorp (the two entities are separate) and Manappuram Finance. They...

Read More



Are you aware of the actual interest you are paying to a bank for home loans or any other loan? You are not. The actual effective interest rate is veiled in a mass of banking jargon—reducing balance, compounding, quarterly rests, etc. That would seem strange for a retail product or service....

Read More



Pallabika Ganguly 31 December 2009
A housing finance company feels that documents like salary slips are not the only way to judge the credit-worthiness of a potential borrower If you want a loan to buy an affordable home, but do not have enough documents (like salary slips), do not worry. Micro Housing Finance Corp Ltd...

Read More



India’s largest lender offers attractive home loan schemes to generate demand, then loses interest when it comes to processing loan requests. One such complaint against SBI exposes the situation Customers lining up for home loan offerings better size up the uphill task ahead of them. For, even...

Read More



Monopoly position enables international behemoths Visa and MasterCard to levy exorbitant costs on client banks; a domestic payment system would be considerably cheaper The country’s central bank, the Reserve Bank of India (RBI), is considering putting in place a domestic card payment system...

Read More



CIBIL Location Plus will provide comprehensive information like customer identification details and contact addresses along with the reported dates and all the customer contact numbers to member banks. Credit Information Bureau (India) Ltd (CIBIL) has said that it has launched a new product,...

Read More



Don’t be lulled by the current low rate on home loans State Bank of India (SBI) has announced an attractive housing loan scheme that charges you 8% per annum. While other banks say it’s a gimmick, they have also started announcing offers to match SBI’s scheme. So, the question is: Have we...

Read More



Grand weddings, parental pressure and the availability of easy loans have wrecked several promising young lives. They burnt up lakhs of rupees to make the family look good for a few days, only to face a future of financial trauma and depression. Nutan Lugani, a committed consumer activist,...

Read More



Shalini Amarnani explains how to avoid such a fate Though widely used and immensely convenient, credit cards can become your worst enemies if you are careless. One negative aspect of using credit cards, instead of cash, is that you don’t feel you’re spending real money. The pleasant feelings...

Read More



“Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry” Shakespeare wrote this in Hamlet. Luckily for the world, nobody listened; otherwise there would have been no banking services. Globally, the debt market is estimated at around...

Read More

Free Helpline
Legal Credit
Feedback