Unsecured Personal Loans - Tailor Made For Your Circumstances      
While borrowing a smaller amount, you must keep this fact in mind that if it is not availed carefully, it may turn out to be a repayment burden on your limited financial resources. You can borrow unsecured personal loans which are made to both tenants and homeowners for variety of purposes. These purposes usually include renovating your home, purchasing a car, paying off wedding or holiday expenses or consolidating your debts.
 
Personal Loans - For Those Struggling With Finance      
When you decide to borrow money, your financial condition is of utmost concern to the lenders. The prevailing conditions in the UK financial market are not very favourable for the borrowers especially since the global credit squeeze affected the market. The lenders have tightened the credit conditions and bad credit loans have become very difficult to obtain. If you have a good credit rating, you are likely to get a competitive rate of interest from the lenders.
 
SBI cuts deposit rates      
State Bank of India (SBI) has cut the 550-day term deposit rate by 25 basis points to 8.5 per cent. It has also slashed rates on short-term deposits of less than a year by an identical margin. The new rates are effective from December 12.
 
New recovery norms by RBI      
The Reserve Bank of India (RBI) has put out guidelines on the use of recovery agents, after giving banks a notice on its monetary policy statement last month. It has proposed banks provide borrowers information (including contact details) about recovery agents in advance. It also advised banks against setting stiff recovery targets or offering agents high incentives, which may induce them to use intimidating methods for recovery.
 
Banks with errant agents beware!      
The Government might put a ban on banks whose recovery agents persistently resort to abusive practices to recover loans from customers. The banks which violate the RBI rules would initially be handed out a temporary ban, which may be followed by a permanent one if such practices continue.
 
Small ticket loans under threat      
Business Standard reported on November 7, 2007 the bank has tightened its credit filters and loan underwriting practices following the recent incidents. The bank has become conservative and consumers without any credit history will now find it difficult to get loans.
 
Banks revise deposit rates      
The 50-basis-point CRR hike by the RBI in its midterm monetary policy review has led to several banks revising interest rates on fixed deposits.
 
Banks set to lower deposit rates      
Union Bank has taken the lead irrespective of competitive pressures, the bank has cut rates on one-year deposits to 8.5 per cent from 9 per cent, which most banks are offering on one- and two-year deposits. Union Bank of India?s interest income grew 27 per cent during the quarter from a year earlier but its interest expenditure rose faster at 38 per cent. As a result, the bank?s net interest margin (NIM) in the second quarter fell to 2.56 per cent, from 2.76 per cent a year ago.
 
HSBC launches global personal banking services      
HSBC India on Thursday launched its global personal banking service, through which its Premier category customers will be in a position to take their account with them to any of the 35 countries, while on travel or on shifting permanently.
 
Banks may reduce deposit rates      
Several public sector banks have informed the government that they would soon cut peak deposit rates to maintain their margins. Banks have recently slashed lending rates by 50-100 basis points (bps). While public sector banks are free to set lending and deposit rates, they have decided to clear them with Lok Sabha in the wake of the often sharp differences between the finance ministry and Reserve Bank of India on interest rates.
 
« Start Prev 1   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   Next  End»