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Credit Card EMI, know the process, interest calculation and complete details – Many people have lost their jobs due to Corona virus, while the salary of many people has been cut. Due to this people are facing economic crisis. In such a situation, credit card users are having difficulty in paying the credit card bill. […]
In case of Loan Default, Know Your Rights if You Can’t Repay – Due to COVID-19 pandemic,there are mass scale losses of jobs & income. Borrowers are defaulting on their EMI payments. This is to remember that even if a borrower defaults, they do not surrender all rights to the asset or to fair treatment. […]
Believe it, post COVID-19, the Credit Cards EMI is now lifeline for Indians – due to stress in income across households, widespread salary cuts and poor sentiments triggered by fear of losing jobs are the reason for the shift in consumer behavior towards purchase on EMI. Banks in India are offering Loans to consumers at […]
Know the complete details to invest in SGB Gold Bond Scheme – The Sovereign Gold Bonds (SGBs) are issued by the Reserve Bank of India (RBI) on behalf of the government. The sovereign gold bond scheme was launched in 2015 with an objective to reduce the demand for physical gold with an objective to shift […]
Apply and get free ePAN card online – Income Tax department has introduced the facility of providing instant PAN card online. All the valid Aadhaar card holders may apply online and get the ePAN online. The allotment process is paperless, and an electronic PAN (e-PAN) is issued to the applicants free of cost. The only […]
Canara Bank loans to get cheaper as bank has reduced its Repo-Linked Lending Rate (RLLR) and Marginal Cost of Funds based Lending Rate (MCLR) by 40 basis points and 20 basis points, respectively, with effect from June 7, 2020. The revised rate of interest based on new RLLR will be 6.90 per cent against 7.30 […]
Finance Ministry is assessing the issue of interest waivers on COVID Loan Moratorium – Permitting a moratorium, but offering no relief through interest, is more detrimental, the apex court told the banking regulator RBI. The moratorium was initially granted on all type of loans whose installments were due between March 1 and May 31. Later […]
GECL MSME Loans, No borrowers – SBI Chairman Mr Rajnish Kumar has said that Bank is Ready to Lend to borrowers but the customers don’t want to take risk as they are sure about the speedy recovery in demands. Banks especially Public Sector Banks has made the loan processing under Guaranteed Emergency Credit Line (GECL) simple […]
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