FALAKNAAZ SYED Mumbai, April 26 The Reserve Bank of India on Friday said that lending service providers, acting as agents of banks, should provide a digital view of all the loan offers available with them to the borrower to help them make an informed decision. The central bank said that it has observed that many of the LSPs offer aggregation …
Loans and revolving lines of credit are two different ways that individuals and businesses borrow money from lenders. A term loan on the other hand is a non-revolving line of credit, which means the borrower has access to the entire funds only at one time and subsequently pays the principal and interest as per the monthly payment schedule. This type …
There are two types of loans, firstly secured and secondly unsecured. Loan against property falls under the secured loan category where a borrower offers his or her commercial or residential property as collateral to borrow a certain amount from a lender either by banks or other financial services providers. Longer repayment tenure: In comparison to a personal loan, LAP usually …
Top-up home loans help you fund big expenses such as wedding and education. If you avail a top-up home loan from your existing lender, the interest rate could be higher than the home loan rates for new customers. For example, if a new customer gets a home loan at 7.25%, the top-up home loan for the existing customers from the …
