Are you planning to apply for a personal loan but are confused whether to go for a secured loan or an unsecured loan? Let’s understand what are secured and unsecured personal loans and which is the best option for you to choose. Hence, these loans have a lower interest rate as compared to unsecured personal loans as the risk is …
The story so far: Seeking to rein in an observed rise in unsecured personal loans and credit cards, the Reserve Bank of India directed banks and non-banking financial companies to reserve more capital for risk weights. While presenting the monetary policy statement in October this year, Governor Shaktikanta Das had flagged concerns about the “high growth” in “certain components of …
