Personal Loan

This deal marks the second significant transaction between an Indian private sector bank and a foreign bank in recent years

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Credit to NBFCs grew by 11.9 per cent Y-o-Y in August 2024, down sharply from 21.3 per cent a year ago. Credit to trade declined to 15.5 per cent from 17.4 per cent in August 2023

Take a look at the current personal loan rates and charges from some well-known banks

The transaction between the two firms, structured in the form of pass-through certificates (PTC), will be backed by a pool of unsecured personal loans. It will be originated and serviced by the NBFC

After the wedding, you'll be paying the EMIs and not the guests you aimed to impress with a grand celebration

Slower growth expected in FY25 but it would still be 'significantly higher' than the industry, says company

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Timely payment of credit card bills is crucial to avoid a negative impact on your credit score and to steer clear of significant late fees

Personal loans offer a versatile financial solution that can cater to your needs. Take a look at the most popular Personal Loan plans in India for 2024

The personal loan segment grew 21 per cent year-on-year (Y-o-Y) in January, compared to the 22.3 per cent Y-o-Y growth registered in October 2023

Here is how the personal loans rates offered by various banks stack up

Here is how personal loan rates offered by various banks stack up

Several smaller fintechs have tie-ups with banks and non-bank finance companies for small-ticket personal loans

SBI's capital adequacy ratio stood at 14.28% as of September end

A hike in risk weights may lead to higher interest rates and reduced access to credit for consumers as banks adjust lending practices to meet increased capital requirements

Personal loan and Credit Cards loan may become costly

While more than 25% of salaried borrowers have an excellent credit score of 770 and above, only 14% of self-employed consumers have such strong credit score profiles

If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs.

Private sector Equitas Small Finance Bank Ltd has plans to foray into credit cards and personal loan segments as it expects to build a consumer finance portfolio, a top official said. Equitas Small Finance Bank was also investing in developing a mobile application to serve merchants and help improve their business operations. Equitas Small Finance Bank reported a 97.1 per cent jump in its profit after tax (PAT) for the April-June 2023 quarter at Rs 191.20 crore. The bank had registered a net profit of Rs 97 crore during the corresponding quarter of the previous year. "In the coming years, we plan to build our consumer finance portfolio by foraying into credit cards and personal loans which will further help increase stability through a diversified loan portfolio," said Arun Ramanathan, the bank's Part-Time Chairman and Non-Executive Independent Director. The bank would work on offerings like forex cards, Foreign Currency Non-Resident (FCNR) deposits, and remittances, among others,