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Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report
The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…
PTI
Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.
Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…
Ayelet Sheffey
I moved to the US from India and took out a $59K loan to follow my dream of landing a job in Big Tech. My risk paid off.
A millennial software engineer in India took out a $59,000 loan to study in the US, and landed a jo…
Ella Hopkins
Tempted by a top up loan offer? Here’s why it may not be a bright idea
Several financial institutions offer a top-up on personal loans to existing borrowers who have a go…
Four ways to reduce interest rate on your home loan
Buying a home is one of the biggest financial goals one has and since a home loan is a commitment f…
DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …
As PMAY receives a massive boost in Budget 2024, how can you sign up for the affordable housing scheme?
The Union Budget 2024 significantly increased funds for PMAY, targeting affordable housing for econ…
Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs
The housing affordability picture deteriorated further in the the past week, as mortgage rates hit …
Jennifer Sor
The Biden administration is giving entrepreneurs a shot at loans up to $2 million for climate-focused projects
The SBA is increasing its maximum loan amount for climate-focused projects as part of the green len…
John Towfighi
Same sex marriages are still not legal – A look at the financial rights of LGBTQ couples
In a recent verdict, the Supreme Court refused to give legal recognition to same sex marriages and …
Home loan tax deductions: Self-occupied vs rented, the differences
Buying a home is undoubtedly one of the biggest financial commitments in one’s life. And since it i…
Mortgage rates keep falling but applications for home loans are down because listings are drying up
The 30-year fixed mortgage rate fell to 6.40% from 6.45% in the last week of March, but homebuyers …
Carla Mozée
Axis Bank to tie up with ITC to offer rural lending products to farmers
The collaboration will help Axis Bank bank to leverage ITCMAARS, an agri-tech application to addres…
The interest rate on the most popular American home loan hits 8% for the first time since 2000
The average rate on the 30-year fixed mortgage touched a level not seen in 23 years as bond yields …
Phil Rosen
Rising interest rates hitting you hard? Here’s how to ensure your home loan is paid off before retirement
You may increase your EMI to up to 40-50% of your income at the most. Prepayment should be consider…
Student-loan payments will be paused for 3 million borrowers after federal judges blocked debt cancellation and cheaper bills through Biden's new repayment plan
After judges blocked key parts of the SAVE student-loan repayment plan, the Education Department sa…
Ayelet Sheffey
Credit score improvement requires strict discipline but it is possible – Here’s how to go about it
Having a healthy credit score of 750 and above comes in handy when you apply for a loan, especially…
FHA loans: Requirements, pros and cons, and how to get one
FHA loans are a popular choice for low-income and first-time homebuyers thanks to their low down pa…
Laura Grace Tarpley, CEPF,Mol…
HDFC says demand for home loans remains strong despite higher rates
Housing Development Finance Corporation today reported a 22% growth in profit after tax at ₹ 3,669 …
US housing market gains momentum as loan applications jump amid first drop in mortgage rates in 5 weeks
"While lower rates should buoy housing demand, the financial market volatility may cause buyers to …