A record number of US companies requested loan modifications in May after rising debt and falling profits left them at risk of breaching their loan terms. Last month, 43 US issuers of leveraged loans asked their lenders for relief from the conditions attached to their debts. This surpassed the previous record of 25 set in […]
Monthly Archives: June 2020
Online and offline home loan application compared for you Highlights Opting for a longer term ensures that the borrower has additional time to repay the loan Before applying for a new home loan, you must prepay your existing loans A good CIBIL score allows you to easily benefit from a […]
A bad credit score usually means a higher auto loan interest rate, which is exactly why you should go for the shortest loan term you can afford! The cost of long-term loans Unless you qualify for a 0% new car deal, you will need to pay interest charges over the life of your loan. The […]
After the covid-19 crisis, many lenders tightened their lending standards to avoid defaults, which can occur when people’s budgets are stretched due to job losses and pay cuts. Many people who applied for loans during this period and were rejected are complaining on social media that lenders charge them processing fees despite their application being […]
Residential buildings under construction at an Amrapali Group development in Noida, Uttar Pradesh (representative image) | Photo: Anindito Mukherjee | Bloomberg Text size: A- A + New Delhi: The Supreme Court on Wednesday called on banks and financial institutions to release sanctioned loan amounts for homebuyers who bought apartments in Amrapali housing projects. A bench […]
By Richard Cowan, Andy Sullivan FILE PHOTO: The United States Capitol building is seen ahead of a vote later today on an additional economic stimulus package against coronaviruses, passed earlier in the week by the United States Senate, in Washington, United States , April 23, 2020. REUTERS / Tom Brenner WASHINGTON (Reuters) – The United […]
While the ongoing lockdown is likely to impact your loan processing and disbursement due to limited staff and working hours, keeping these five tips in mind will definitely increase your chances of loan approval . Loans act as an invaluable bridge to bring us closer to achieving our financial goals, such as owning a house, […]