Personal Loans
How Gen Zs, millennials are funding dream weddings for social media 'likes'
Gen Z and millennials are reshaping the wedding industry, financing unique, lavish ceremonies through personal loans to capture social media-worthy moments and avoid family financial burden
 "How Gen Zs, millennials are funding dream weddings for social media 'likes'")
Improve score, opt for secured credit card to tackle squeeze in issuances
If you are finding it hard to get a personal loan, try to get a collateral-based one
 "Improve score, opt for secured credit card to tackle squeeze in issuances")
Tough loan market, rise of momentum investing: Top personal finance stories
This week we write about how to get a loan as availability norms harden and how to select momentum index funds
 "Tough loan market, rise of momentum investing: Top personal finance stories")
Tata Neu's lending biz disburses over 1 lakh personal loans worth Rs 1k cr
According to Sushma Abburi, chief business officer, MoneyView, the partnership with Tata Neu enables the company to deliver personalised loan products through its innovative platform
 "Tata Neu's lending biz disburses over 1 lakh personal loans worth Rs 1k cr")
Do you fear low credit score? Keep away from one-time loan settlement
If someone is nearing default, they must act quickly to avoid it, as recovery from default takes time
 "Do you fear low credit score? Keep away from one-time loan settlement")
Single table to know personal loan rates and terms of various companies
If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs
 "Single table to know personal loan rates and terms of various companies")
 "How to Find the Best Personal Loan with Low Interest Rates")
JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan
As part of the agreement, JNPA will facilitate subsidised loans and insurance policies tailored for the dyemakers in the region
 "JNPA agrees to fulfil demands of Dye-Makers Association at Vadhvan")
M&M Financial Services board approves expansion into mortgage business
The company would also participate in affordable housing loan schemes of governments
 "M&M Financial Services board approves expansion into mortgage business")
Personal loan rates, terms of various companies collected in one table
If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs.
 "Personal loan rates, terms of various companies collected in one table")
Retail credit growth moderates to 16.6% in June 2024, shows RBI data
Growth in personal loans; credit to NBFC down sharply
 "Retail credit growth moderates to 16.6% in June 2024, shows RBI data")
 "How to Calculate Your Personal Loan EMI: Explained")
GenZ prefers personal loans; millennials go for credit cards, shows data
Out of the total loans disbursed, digital lending has increased from 1.8 per cent in financial year 2022 (FY22) to 2.5 per cent in FY24
 "GenZ prefers personal loans; millennials go for credit cards, shows data")
How long will the good run last?
In public, bankers exude confidence and say everything is hunky-dory, but the rising defaults in a few pockets don't exactly suggest this
 "How long will the good run last?")
Only 2% personal guarantee claims recovered under IBC so far: IBBI
One of the initial challenges of the process was whether a banker's agreement with the company and the personal guarantor is interlinked or separate
 "Only 2% personal guarantee claims recovered under IBC so far: IBBI")
One table to know personal loan rates and terms of various companies
If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs
Bank credit to industry up 8.5% in March; moderation in personal loans: RBI
Bank credit to industry grew by 8.5 per cent annually in March while there was moderation in the personal loans segment, as per Reserve Bank data released on Tuesday. The growth in credit to industry and personal loans segment in March 2023 was 5.6 per cent and 21 per cent, respectively. "Among major industries, growth in credit (year-on-year) to 'chemicals and chemical products', 'food processing', and 'infrastructure' accelerated in March 2024 as compared with the corresponding month of the previous year, while that to 'basic metal and metal products' moderated," the RBI said. Credit growth to agriculture and allied activities was robust at 20.1 per cent in March 2024 (15.4 per cent a year ago), according to the data on 'Sectoral Deployment of Bank Credit -- March 2024'. Personal loans growth moderated to 17.7 per cent in March 2024 (21 per cent a year ago) due to decelerated growth in vehicle loans and other personal loans, it said. Further, credit growth to services sector ...
 "Bank credit to industry up 8.5% in March; moderation in personal loans: RBI")
Bank credit growth to NBFCs, personal loans moderate in March: RBI data
Credit growth in agriculture and allied activities remained robust, reaching 20.1 per cent year-on-year in March 2024, up from 15.4 per cent in the corresponding month a year ago
 "Bank credit growth to NBFCs, personal loans moderate in March: RBI data")
Pay Rs 20 for Rs 2 lakh cover: What PM Suraksha Bima Scheme is all about
PM Suraksha Bima Yojana, which provides insurance for death or disability due to accidents, has settled approximately 173,000 claims since its launch in May 2015
 "Pay Rs 20 for Rs 2 lakh cover: What PM Suraksha Bima Scheme is all about")
Collection efficiency for personal loans reduces in December: ICRA
Earlier, in October 2023, Reserve Bank of India Governor Shaktikanta Das had flagged the high growth in certain components of consumer credit, of which personal loans are a component
