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SBI Kavach: no collateral is required to benefit from the bank loan The State Bank of India (SBI) has launched an unsecured loan program called ‘KAVACH personal loan’ for families affected by COVID-19. According to a statement shared by the country’s leading lender on Tuesday, June 15, the personal loan program has the lowest interest […]

Government eases loan conditions for tourism businesses

The government recently relaxed lending conditions for tourism businesses to encourage more micro, small and medium enterprises to benefit from the loan program. In a statement, the Department of Tourism (DoT) said that under the relaxed terms of the Business Restart Assistance Program (Cares) for Coronavirus Disease 2019 (Covid-19), the grace period for the repayment […]

MX speeds up loan approval process for FormFree and closes over 1 million loans

MX speeds up loan approval process for FormFree and closes over 1 million loans By Pavithra R MX, a leader in open finance and creator of the Money Experience category, announced that it has implemented API and token-based connections with FormFree, a leader in digital asset verification. Founded by former Wall Street executive Brent Chandler […]

Amount of the deceased person’s loan I Outstanding loan from the deceased: are family members required to repay?

Unpaid loan from a deceased person: are family members required to repay? | Photo credit: Representative image The second wave of Covid-19 has caused insurmountable suffering and hardship to the family members of hundreds of thousands of people who have died. The situation has become particularly precarious for the surviving family members of the deceased […]

Small Business Loan Approval Rates Rise As P3 Ends

The end of the Paycheck Protection Program (PPP) has arrived, and that means companies will seek funding from traditional sources. According to Biz2Credit Index of Small Business Loans for the month of May, loan approval rates increased for banks and non-bank lenders. Small Business Loan Index – May 2021 While the higher approval rates aren’t […]

Loan terms for tourism businesses relaxed – DOT – Manila Bulletin

The Tourism Department (DOT) is urging more tourism businesses to take advantage of business loans offered under the government’s pandemic recovery program to help them survive the health crisis. (File photo / MANILA BULLETIN) This, after the government extended to two years the grace period for the repayment of commercial loans to tourist companies in […]

Biz2Credit: Small Business Loan Approval Rates May Increase When PPP Ends

Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged up from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Index of Small Business Loans. In addition, approvals at smaller banks jumped from 18.2% in April to 18.7% in May. “Loan approvals […]

What is CIBIL? How Does Credit Score Impact Loan Application?

People who are considering applying for loans should first check their credit score and try to improve it, if it is low. We have all heard of the need to have a good credit rating to increase our chances of getting our loan applications approved. Most financial experts advise people to maintain a good credit […]

Zimbabwe: Artisanal miners Bemoan Empower Bank Strict loan conditions

MUTARE- A state-owned micro-banking unit, Empower Bank’s mining fund is inaccessible to most artisanal miners due to prohibitive loan requirements, it emerged. The bank was launched in 2018 to effectively support youth economic initiatives at a time when private commercial banks charged exorbitant interest rates on loans. Speaking at a community meeting as part of […]

DU launches a call for student loan applications for smartphones

University to provide students with up to Tk 8,000 in the form of a low rate loan Authorities at Dhaka University (DU) have asked university students to submit loan applications to purchase smartphones for the purpose of participating in online classes and exams. The university will provide up to Tk 8,000 in the form of […]