[ad_1] A bad credit score can cost more than just a loan—it can impact job prospects, rental applications, and financial stability. A recent survey by CRED and YouGov highlights the consequences of poor credit and what cardholders should know. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty […]
Responsible borrowing and risk management key to avoid debt trap, say experts – CNBC TV18
[ad_1] Retail lending, particularly in the unsecured segment such as personal loans and credit cards, has been under scrutiny in recent months. With the Reserve Bank of India flagging concerns and tightening regulations, both lenders and borrowers are adapting to navigate this evolving landscape. As rising risks in unsecured portfolios and moderation in retail credit […]
Canara Bank increases lending rates across some tenures by 5 basis points – CNBC TV18
[ad_1] State-owned Canara Bank on Thursday announced a hike in the benchmark lending rate by 5 basis points across some tenures, a move that could increase the cost of borrowing. The revised marginal cost of funds-based lending rate (MCLR) across various tenors would be effective from October 12, Canara Bank said in a regulatory filing. […]
Festive season offers: A look at credit card, fixed deposit, and hotel deals available – CNBC TV18
[ad_1] As the festive season kicks off in India, banks and hotels are rolling out offers to enhance the festivities. Here’s a look at the deals available for consumers this festive season. Credit and debit card offers ICICI Bank has launched its annual Festive Bonanza, featuring a wide range of deals across categories such as […]
Google partners with Aditya Birla Finance and Muthoot Finance to offer personal and gold loans – CNBC TV18
[ad_1] Google has announced new partnerships to enhance its financial services on Google Pay. The tech giant has teamed up with Aditya Birla Finance to offer personal loans and with Muthoot Finance to provide gold-backed loans. What are gold and personal loans? Gold loans allow borrowers to use their gold jewelry or coins as collateral […]
Understanding the importance of your credit score and how to manage it – CNBC TV18
[ad_1] In today’s financial landscape, a good credit score is more than just a number—it’s a key to unlocking better borrowing opportunities and managing financial health. Satish Mehta, Founder of Athena CredXpert (ACX) and the first MD of CIBIL, emphasises how crucial it is to understand and manage your credit score. Here’s why your credit […]
Karur Vysya Bank cuts EBLR, SBI increases MCLR: What this means for your loans – CNBC TV18
[ad_1] Karur Vysya Bank has announced a reduction in its External Benchmark Lending Rate (EBLR) from 10.05% to 9.9%, effective August 19. EBLR, which is a key interest rate used to determine the cost of loans, is set independently by banks, not by the Reserve Bank of India (RBI). This reduction could potentially lower the […]
RBI to launch public repository for digital lending apps: How will borrowers benefit – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) has proposed the creation of a public repository for digital lending apps. The new repository will serve as a database of authorised digital lending apps. This will help borrowers identify legitimate platforms and avoid unauthorised or fraudulent ones, RBI governor Shaktikanta Das said while making Monetary Policy Committee (MPC) […]