Articles for Lending

Personal loan: Why should a tiny sum be raised from a digital lending app instead of a bank?
3 days, 3 hours ago

Personal loan: Why should a tiny sum be raised from a digital lending app instead of a bank?

Live Mint  

If you find raising a personal loan from a bank a cumbersome process, then you can – among other things – raise it from a digital lending app. When you happen to raise a small amount, say ₹50,000 or under ₹1 lakh — instead of going through the rigmarole of coordinating with a mainstream bank, you can simply raise the …

Bank Digital Personal Loan App Raise Lending
HDFC Bank cuts lending rate by 5 bps, check the latest rates
Trending News
4 days ago

HDFC Bank cuts lending rate by 5 bps, check the latest rates

Live Mint  

HDFC Bank has cut its marginal cost of funds-based lending rate on select tenures by upto 5 basis points. In 2016, the Reserve Bank of India replaced the base rate system with the MCLR based lending rates. However, those borrowers who had taken loans before 2016 are still governed by the base rate or benchmark prime lending rates as the …

Bank Rate Rates Hdfc Bank Hdfc Lending Lending Rate
How loan aggregators are transforming the future of lending? Find out
4 days, 4 hours ago

How loan aggregators are transforming the future of lending? Find out

Live Mint  

The financial market has transformed over the years which has revolutionised the entire lending and borrowing process. Personalised recommendations: By using credit profiles and other information, aggregators generate recommendations to help you provide options which have higher chances of approval and provide you with your desired loan terms. Reduced hard inquiries:With the help of loan aggregators, you can reduce hard …

Loan Platforms Lenders Aggregators Building Trust Hard Inquiries Loan Aggregators
HDFC Bank introduces revised lending and FD rates. Check details
4 days, 10 hours ago

HDFC Bank introduces revised lending and FD rates. Check details

India Today  

HDFC Bank, one of India’s largest private banks, has reduced its Marginal Cost of Funds-Based Lending Rate by up to 5 basis points across select tenures. UNDERSTANDING MCLR AND ITS IMPACT MCLR, introduced by the Reserve Bank of India in 2016, replaced the base rate system to make lending rates more dynamic. Borrowers under older regimes like the base rate …

India Bank Hdfc Bank Mclr Rates
Consumer watchdog says Berkshire Hathaway unit ignored red flags in manufactured home loans
4 days, 17 hours ago

Consumer watchdog says Berkshire Hathaway unit ignored red flags in manufactured home loans

Associated Press  

— The federal Consumer Financial Protection Bureau says in a lawsuit that a unit of Warren Buffett’s Berkshire Hathaway “ignored clear and obvious red flags” that borrowers couldn’t afford the mortgages they were given to buy manufactured homes from another Berkshire company, but the lender called the lawsuit “unfounded.” The CFPB said Monday that Vanderbilt Mortgage & Finance’s decisions put …

Lawsuit Red Vanderbilt Cfpb Clayton Berkshire
CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices
5 days, 10 hours ago

CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices

NPR  

CFPB sues Berkshire Hathaway-owned mortgage lender for alleged predatory practices toggle caption Kent Nishimura/Getty Images The U.S. Consumer Financial Protection Bureau said Monday that it is suing a Tennessee-based mortgage lender owned by Berkshire Hathaway, accusing the company of predatory practices aimed at steering borrowers into manufactured homes they could not afford. "Vanderbilt knowingly traps people in risky loans in …

Homes Loans Loan Mortgage Company Vanderbilt Berkshire Hathaway
Kerala High Court Monthly Digest: December 2024 [Citations: 766 - 828]
1 week ago

Kerala High Court Monthly Digest: December 2024 [Citations: 766 - 828]

Live Law  

Nominal Index: C. Alavi v The State of Kerala and Another, 2024 LiveLaw 766 T. N. Mukundan v State of Kerala and Others, 2024 LiveLaw 767 Motorsigns India v State of Kerala & Connected Matters, 2024 LiveLaw 768 Nizar v State of Kerala, 2024 LiveLaw 769 Aravindakshan P. R. v Assistant Director, ED and Another, 2024 LiveLaw 770 M/S Inkel …

India Society Justice Kerala Disciplinary Proceedings Supreme Court High Court
Kerala High Court Monthly Digest: December 2024 [Citations: 766 - 828]
1 week ago

Kerala High Court Monthly Digest: December 2024 [Citations: 766 - 828]

Live Law  

Nominal Index: C. Alavi v The State of Kerala and Another, 2024 LiveLaw 766 T. N. Mukundan v State of Kerala and Others, 2024 LiveLaw 767 Motorsigns India v State of Kerala & Connected Matters, 2024 LiveLaw 768 Nizar v State of Kerala, 2024 LiveLaw 769 Aravindakshan P. R. v Assistant Director, ED and Another, 2024 LiveLaw 770 M/S Inkel …

India Society Justice Kerala Disciplinary Proceedings Supreme Court High Court
Where can you apply for a personal loan? Check 5 key options
1 week, 2 days ago

Where can you apply for a personal loan? Check 5 key options

Live Mint  

Borrowers can seek a personal loan from any of the main loan providers which include banks, non-banking financial companies, digital lending platforms, among others. Typically, one tends to seek a loan from a bank, but if the bank turns down the application, one can approach an NBFC or digital lending app. Banks: As mentioned above, one can seek a loan …

Bank Loan Platforms Banks Include Lending Nbfc
Personal Loan: How AI is boosting the lending ecosystem – 6 key points to know
2 weeks ago

Personal Loan: How AI is boosting the lending ecosystem – 6 key points to know

Live Mint  

If you are planning to raise a personal loan for any reason, such as for a wedding or a vacation, the process is quite simple and convenient. Loan approvals: AI algorithms evaluate borrower eligibility faster by analysing credit scores, income data and spending patterns. Additionally, AI models go beyond traditional credit scores, incorporating non-traditional data such as social media activity …

Personal Data Credit Loan Personal Loan Ai
Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes
2 weeks, 2 days ago

Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes

Live Mint  

Fintech is transforming the instant loan sector by capitalising on technology and thereby making the lending process faster, more efficient and more accessible to a broader audience. Smoother application process: Now, fintech companies offer online platforms and mobile apps for loan application processing, thus bringing down the need for paperwork and manual intervention. Bespoke loan offerings: Fintech companies provide small-ticket …

Personal Personal Loans Traditional Fintech Loans Loan Offer
All that glitters isn’t an auction of pawned gold—not even these days
2 weeks, 3 days ago

All that glitters isn’t an auction of pawned gold—not even these days

Live Mint  

On the face of it, the spate of gold auctions being witnessed in India is the result of greater distress among those at the lower end of the income scale. In such a scenario, even after factoring in a post-covid K-shaped recovery—which refers to an uneven distribution of the benefits of growth across income categories—the shakeout now being seen in …

India Loans Loan Auction Rbi Gold Lending
The inflation targeting regime shouldn’t constrain Indian manufacturing
2 weeks, 4 days ago

The inflation targeting regime shouldn’t constrain Indian manufacturing

Live Mint  

The recently concluded Monetary Policy Review reiterated the concern of high CPI inflation and recommended keeping the repo rate unchanged. The low WPI inflation rate in recent years therefore hides behind it low—and often negative—inflation in investment goods and key intermediate inputs originating from the manufacturing sector. One of the contributing factors to the last cycle of high non-performing assets …

Inflation Manufacturing Prices Price Cost High Rbi
Blockchain in personal loans: How it will redefine the future of lending
2 weeks, 4 days ago

Blockchain in personal loans: How it will redefine the future of lending

Live Mint  

The banking industry cannot be an exception to what blockchain technology has already been doing to several industries. Let's analyse how blockchain and other state-of-the-art technology could redefine personal loans. Interest rates on personal loans depend on factors like loan size and creditworthiness and are usually repaid through regular monthly payments. But, as compared to any other type of loan, …

Technology Personal Credit Blockchain Personal Loans Loans Loan
CII seeks reforms in India’s priority sector lending framework
2 weeks, 6 days ago

CII seeks reforms in India’s priority sector lending framework

Live Mint  

New Delhi, Dec 22 Industry body CII has proposed reforms in India's Priority Sector Lending framework, suggesting inclusion of emerging sectors and high-impact sectors like digital infrastructure, green initiatives, healthcare, and innovative manufacturing. Arguing that current Development Finance Institutions like SIDBI and NaBFID have their roles cut out as they have earmarked sectors to finance, the chamber also suggested setting …

India Sectors Cii Priority Sector Lending Psl Sector Lending
Govt proposes crackdown on unregulated lending, may ban loan apps and impose ₹1 crore penalty, 10-year jail term
2 weeks, 6 days ago

Govt proposes crackdown on unregulated lending, may ban loan apps and impose ₹1 crore penalty, 10-year jail term

Hindustan Times  

The central government is planning to crack down on unregulated lending, for which it has introduced a draft bill, proposing stringent measures like 10 years of prison time along with heavy fines for violators, according to a Business Standard report. These measures were first suggested by the Reserve Bank of India’s Working Group on Digital Lending in its its November …

Rbi Lending Digital Lending Unregulated Lending
Merchant network at the core of Fino’s small finance bank bid
3 weeks, 1 day ago

Merchant network at the core of Fino’s small finance bank bid

Live Mint  

Fino Payments Bank plans to use its network of merchants as the first set of customers to lend to, while also using them as loan collection points, if the regulator approves its proposal to convert into a small finance bank. Rishi Gupta, managing director and chief executive of Fino Payments Bank, said in an interview that a significant portion of …

Finance Payments Bank Rbi Small Gupta Merchants
China's loan prime rates remain unchanged
3 weeks, 1 day ago

China's loan prime rates remain unchanged

China Daily  

BEIJING -- China's one-year loan prime rate, a market-based benchmark lending rate, came in at 3.1 percent Friday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.6 percent, according to the National Interbank Funding Center. Analysts believe the lower lending rate will help relieve …

China Lpr Rates Remain
Govt proposes new legislation to curb proliferation of illegal lending apps
3 weeks, 1 day ago

Govt proposes new legislation to curb proliferation of illegal lending apps

New Indian Express  

NEW DELHI: The government is planning a comprehensive legislature to curb the proliferation of illegal lending apps. The department of financial services, Ministry of Finance, has prepared a draft bill, which proposes severe punishment with jail term of up to 10 years and monetary fines of up to `1 crore for those found involved in promoting unregulated lending activities. The …

Regulated Lending
Kerala High Court Grants Bail To 3 Booked For Vandalising Lawyer's Office, Appreciates Advocates' Association For Lending Support To Lawyer
3 weeks, 4 days ago

Kerala High Court Grants Bail To 3 Booked For Vandalising Lawyer's Office, Appreciates Advocates' Association For Lending Support To Lawyer

Live Law  

While granting bail to three men accused of entering an advocate's office and causing destruction of property, the Kerala High Court appreciated the participation of the Kerala High Court Advocates' Association noting that when a lawyer has a grievance the entire lawyer community and the association come together to lend its support. The President of Kerala High Court Advocates' Association, …

Kerala Court Bail Office Kerala High Court Advocates Case
Bad Loans in P2P Lending Double in FY24
3 weeks, 4 days ago

Bad Loans in P2P Lending Double in FY24

Deccan Chronicle  

Mumbai: Bad loans in the peer-to-peer lending industry have more than doubled in financial year 2024 to Rs 1,163 crore from Rs 472.1 crore in FY23, a 146 per cent rise. According to an RTI response to Capitalmind Financial Services by the Reserve Bank of India, bad loans in P2P lending touched Rs 1,163 crore at the end of the …

Rbi Lending Bad Loans P2P P2P Lending
Kerala High Court Weekly Round-Up: December 09 - December 15, 2024
3 weeks, 5 days ago

Kerala High Court Weekly Round-Up: December 09 - December 15, 2024

Live Law  

Nominal Index Manoj George v State of Kerala, 2024 LiveLaw 782 Manohari R v The Deputy Tahsildar, 2024 LiveLaw 783 DBS Bank India Ltd v The State of Kerala and Others, 2024 LiveLaw 784 M Shammy Kumar v State of Kerala & Connected Matter, 2024 LiveLaw 785 Nishad Padinjare Peediyekkal V Hyderiyya Masjid Mahall Committee, 2024 LiveLaw 786 State Bank …

Justice Kerala Disciplinary Proceedings High Court Board Constitution Court
MobiKwik’s IPO: Is this the start of something bigger?
3 weeks, 5 days ago

MobiKwik’s IPO: Is this the start of something bigger?

Live Mint  

MobiKwik’s initial public offering subscription is complete, and it’s all set to make its market debut soon. MobiKwik’s two pillars: Payments vs financial services MobiKwik’s business rests on two key pillars: its payments business and its financial services arm. It earns fees from merchants whenever users make purchases using MobiKwik’s wallet, UPI, MobiKwik-issued card, or even through buy-now-pay-later or EMI …

Business India Financial Services Payments Financial Services Products
Ghost of microfinance comes back to haunt IndusInd Bank
3 weeks, 5 days ago

Ghost of microfinance comes back to haunt IndusInd Bank

Live Mint  

IndusInd Bank’s shares hit a new 52-week low of ₹965.55 on Friday. IndusInd’s slippages in microfinance lending jumped almost 18% sequentially in Q2 to ₹398 crore. Sure, slippages in vehicle financing, too, rose 5% sequentially in Q2 to ₹692 crore, but the slippage in MFL is more alarming considering that the book size at the beginning of the quarter was …

Microfinance Price Book Quarter Lending Indusind Bank Crore Mfl