Personal Loans: Latest News and Updates, Top Stories, Videos, Photos About Personal Loans

Navigating Personal Loan Transfers: What Are The Options To Consider? All The Dos & Don'ts Inside

In the personal finance space, manoeuvring through the complexities of personal loans can sometimes feel tiring. Amidst the varied options of financial products and solutions available, transferring a personal loan directly to another individual might seem like an appealing strategy at ...

Unsecured Personal Loans Jump Four-Fold to Rs 13.32 Lakh Crore

Unsecured personal loans have jumped more than four-fold to Rs 13.32 lakh crore as of March 2023 from Rs 4.26 lakh crore in March 2017, as per a report....

RBI tightens norms for consumer credit, raises risk weight on unsecured personal loans

The Reserve Bank of India (RBI) has tightened norms for consumer credit by raising the risk weight on unsecured personal loans by 25 percentage points. This move is aimed at making lenders more cautious on such advances....

Unsecured loan growth to remain strong even with higher risk weights: Axis Capital

The growth in the unsecured loans segment will remain strong even if the Reserve Bank ups the risk weights for such lending, a domestic brokerage said on Tuesday....

Best personal loans you can avail in India

Banks and other financial institutions offer a wide range of loans. Because of technological advancements, the loan application process has been able to accelerate and improve over time providing easy access to loans. In India's debt market, the most popular loan ...

RBI Releases Report On Digital Lending; Check Key Recommendations

The Working Group on Digital Lending study, released on Thursday by the Reserve Bank of India, calls for laws to prohibit unlawful digital lending, as well as a verification method for these lenders and a self-regulatory organization. On January 13, 2021, ...

4 Best PSU Banks With The Cheapest Interest Rates On COVID-19 Personal Loans

To cover the costs of Covid-19 treatment for self and families, major public-sector banks declared COVID-19 personal loans of up to Rs 5 lakh. These loans are available at low-interest rates to salaried, non-salaried, and pensioners with a tenure of 5 ...

Why SBI Personal Loans Are Better Than Many Banks?

If you are looking at personal loans, it would be a good idea to look at loans from State Bank of India, which is the nation's largest lender. The interest rates are lower, when compared to most private banks, especially ...

Personal Loans Are Bad For Your Financial Health; Never Take Them

If you have a zero balance salary account at any bank, the bank has to at least recover the money for servicing your banking needs. This is why banks allow zero balance salary accounts, hoping that they could target the salary ...

5 Cheaper Alternatives To Personal Loans Amid COVID-19

The coronavirus pandemic has caused devastating economic damage apart from the obvious health crisis. Almost every company in India and abroad have been affected by the sudden slump in economic activity that has called for cost-cutting measures like pay cuts or ...

5 Reasons Why Personal Loans Are Bad

If you are in a dire emergency, to take a loan, we suggest that you look for various options from loan against shares to loan against gold or property and avoid personal loans. In fact, we see almost no advantage in ...

Millennials Increasingly Going For Personal Loans For Travel Goals

To meet their travel related goals, Indian millennials are increasingly opting for personal loans in the range of Rs. 30000 to Rs. 2.5 lakhs, as per an online lending platform's-IndiaLends reports. The surge in such loans is of the order of ...

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