Auto Loan

NBFC loan sanctions rise 12% in Q1FY25, home and auto loans drive growth

Satisfactory monsoon, soft rates to support growth in H2

Bajaj Auto board approves Rs 2,250 crore capital in NBFC subsidiary

Offers another Rs 2,250 crore liquidity support

SBI loans to get costlier as bank hikes key lending rate; Details here

Following the RBI MPC's repo rate hike earlier this month, many banks like Bank of Baroda, Bank of India, and Punjab National Bank have also hiked their key lending rates

Ujjivan to enter gold loan segment soon; to offer auto loans to customers

The Bengaluru-based microfinancier-turned-small finance bank is also expecting to hit over 30 per cent this fiscal and take its loan book to around Rs 25,500 crore

Auto, home and personal loans become expensive with banks raising rates

Auto, home and personal loans have become costlier with banks and other financial institutions increasing interest rates following the repo rate hike by RBI on Wednesday. A number of banks including ICICI Bank, Bank of Baroda, Punjab National Bank (PNB), Bank of India, Indian Bank, Indian Overseas Bank and the country's leading mortgage lender HDFC Ltd have raised lending rates for their customers. Repo is the rate at which RBI lends to banks for their short-term borrowing needs. In its June 8 second bi-monthly monetary policy meeting review for FY23, RBI raised the benchmark repo rate by 50 basis points to 4.90 per cent with immediate effect. It followed an off-cycle rate hike of 40 basis points in May to rein in the soaring inflation in the country, mainly triggered by supply side woes due to Russia-Ukraine war. Private sector lender ICICI Bank raised the repo linked External Benchmark Lending Rate (EBLR) with effect from June 8, 2022 to 8.60 per cent from 8.10 per cent ...

Worries emerge for Bajaj Finance stock over valuation, growth

High valuations could be justified if digital fintech transformation imparts higher growth

Auto loan delinquencies to stay elevated for 3-6 months in India: Moody's

While economic conditions have improved, this year's virus outbreak has eroded borrowers' financial reserves, according to Moody's

Moody's expects auto-loan delinquencies to rise in next three to six months

Collection rates for auto-loan asset-backed securities (ABS) rated by Moody's Investors Service remained stable in the quarter ended March 2021

HDFC Bank to refund GPS device commissions to auto loan customers

In a public notice, the bank said, the refund will be credited to the customer's repayment account as registered with the bank

RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio

The RBI acted on the matter after it received a whistleblower complaint regarding the irregularities in the auto loan portfolio of the bank

About two-thirds of auto loan needs met by private, foreign lenders: Report

Nearly two-thirds of the auto industry's loan requirements are taken care of by the private and foreign lenders in the country, a report said

HDFC Bank, Bajaj Fin and SBI Cards Q2 nos show rankling retail loan stress

Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs

Home, auto loan inquiry back to 2019 level, yet to reach pre-Covid mark

In home loans, inquiry volumes were at 112 per cent of July-August 2019 levels

Investors should go beyond banks' headline numbers, dig deeper after recast

While corporate loans shall be restructured, retail and SME loans are at lenders' discretion

Make sense of car loans with step-up and balloon payments before borrowing

Some decisions aren't about numbers alone. If paying extra interest isn't as important as your safety, there's no harm in going for them. Get a fix on the pitfalls, though

Planning to buy used car on loan? Here're interest rates offered by banks

The amount given in a used car loan is lower, usually 70-85 per cent of the cost of the car

RBI mandates banks to link fresh retail loans to external benchmark

Move to cover fresh retail, MSME loans from Oct 1; home, auto loans to get cheaper

Planning to take auto loan? At 8.45%, SBI offers the lowest rate

However, check with manufacturers' captive lenders for offers during the festive season

IDBI Bank offers repo-linked home, auto loans at interest rates from 8.30%

The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10

Mini Budget: FPI surcharge rolled back; no angel tax for start-ups

PSBs get Rs 70,000 crore; home, auto loans to become cheaper