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Ask and discuss your queries related to different loans and advances like Auto Loans,Housing Loans, SME Loans,Personal Loans,Overdraft,CC limits etc. Share and discuss on various topics related to Advances and Loans.
Know the step by step process to Restructure SBI Retail Loans Online of COVID -19 moratorium period – India’s largest lender has launched an online portal for smooth and hassle-free implementation of restructuring of retail loans. The process is simple and online and customer needs to provide the account number and few details to know […]
Compare and get the cheapest home loan Interest rates from the bank – Recently, due to sluggish demands, almost all the banks have reduced the housing loan interest rates. Majority of the tier – 1 banks are offering the RLLR (Repo Linked Lending Rates) based housing loan where the interest rates are flexible and changes […]
Understand Credit Score & Credit Information Report (CIR) – In general, every credit rating agencies like CIBIL, Experian etc. allotting a three-digit number, typically ranging from 300 to 900, that is the result of an analysis of your credit file. This three digit number tells your credibility and make you eligible for any loans. This […]
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 […]
Canara Bank to MSMEs, Get GECL Loans in 5 Days – Canara Bank has directed its branch offices to process and disburse additional working capital loans or term loans to help MSMEs and other borrowers overcome coronavirus impact under Guaranteed Emergency Credit Line (GECL) in 5 days. Bank has issued a circular in this regard […]
The Rs 3-lakh-crore Guaranteed Emergency Credit Line (GECL) was announced as the relief package for the MSMEs (Micro, Small and Medium Enterprises) as well as other business entities. GECL is said to be cheaper and easy working capital. For the scheme, the government has provided a corpus of Rs 41,600 crore, which will be spread […]
Bankruptcy Code suspension for one year, announced by the finance minister of India under COVID-19 relief package. It is done to provide relief to the companies from failing in commitment of repayment. It means companies are now not dragged into tribunals at a time during a year. Government will bring an Ordinance to implement it. […]
COVID-19 Personal Loan – Public Sector Banks (PSB) have started offering the personal loan to COVID effected customers. Some of the banks offering covid-19 personal loans include SBI, Canara Bank, Bank of Baroda (BoB), Punjab National Bank (PNB), Bank of Maharashtra (BoM), Bank of India (BoI) and others. Banks are offering Covid-19 personal loans only to […]
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