Summary Should you be able to present another source of income, you can apply for a personal loan in India, free from a pay stub. Usually, lenders want wage stubs to confirm your consistency of job and potential for payback. Without it, though—say, self-employment, freelancing, or a new job—you can use papers like bank statements, […]
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Summary Loan Settlement scams target vulnerable individuals struggling with debt, offering false promises of debt elimination or reduction while charging excessive upfront fees for minimal services. These fraudulent operations can be identified by their unrealistic guarantees, high-pressure sales tactics, demands for upfront payment, and lack of verifiable credentials. Legitimate debt relief services, in contrast, provide
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Summary You can approach a consumer court in case of a problem at a bank, i.e., late payments, charges, etc. Start by describing the problem, making a formal complaint at a bank, and keeping records like copies of complain letter, transaction history, etc. Compose a written complain to present in a court of law. Attend
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Summary A CIBIL score is a 3-digit number that reflects your creditworthiness. If it is more than 750, it is excellent and allows you to borrow easily with favorable terms. Below 700 can result in loan rejection or the payment of higher interest rates. To raise your score, pay your dues on time, keep your
CIBIL score experts tips and guidance Read More »
Summary Mahindra & Mahindra (M&M) acquired a 58.96% holding in SML Isuzu for ₹555 crore at a price of each share being worth ₹650. The acquisition will help M&M expand the size of its CV market share, especially the >3.5-tonne and light commercial vehicle businesses. M&M aims to double its market share from the present
M&M Strategic Move: Acquisition of 58.96% Stake in SML Isuzu Read More »
Summary The RBI has mandated guidelines for settlement of personal loan and credit card dues to achieve fairness and transparency. The guidelines are supposed to make lenders follow organized, ethical methods, such as policy for compromising settlements approved by the board and transparency of terms to the borrowers. The borrowers are entitled to receive original
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Summary The RBI has introduced new initiatives such as the revised coverage ratio (LCR) norms to release $35 billion and facilitate credit growth and economic turnaround. This will release ₹3 trillion of funds lying with the banks, boosting the latter’s capability to lend and provide loans to the business and the consumer at reasonable rates.
RBI new liquidity norm to free up $35 billion, likely boosting credit growth Read More »
Summary The FY25 financial year for Bajaj Housing Finance recorded a 25% growth in its net profit at Rs 2,163 crore. The performance of the business was underpinned by a 20% growth in its net interest income and an AUM jump by 26% at Rs 1.15 lakh crore. The company’s key concerns were growing its
Bajaj Housing Finance Reports Rs 2,163 Crore Net Profit for FY25 Read More »
Summary Trade finance is a significant factor that supports international trade. It allows around the globe businesses to conduct transactions with ease and safely by filling a gap between the seller and the buyer. Trade finance allows both buyers and sellers to carry out their obligations with assurance since it minimizes risks in cross-border trade.
Trade Finance: What It Is, How It Works, Benefits Read More »
Summary Getting a loan without paying interest may seem like a dream, yet 0% interest loan opportunities are available when you know where and how to find them. These loans can provide funding for purchases, cover bills, or debt consolidation with no added costs. This guide delves into what 0% interest loans are, how they
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