NEWS & ADVICE : PERSONAL LOAN
In order to clear inventories, consumer loans are being pushed by banks
By Vaibhav Aggarwal
Dec 6, 2013
Print    Email    RSS   

Each portion is being tapped by banks of retail to shore up their advance books. Customer durable loans which were rarely pushed by banks are, no doubt combatively pushed. Durable loans for consumers have been developing at a twelve-month rate of over 30% since July in the not so distant future. This development was not exactly 15% in the past financial, an investigation of RBI information demonstrates.

Durable loans for consumers are by and large exceptionally ticket loans which are small commonly for a residency of year and a half to two years used to fund the buy of customer goods, for example Washing machines, Refrigerator and TV around others.

The zero percent finance option has been banned by the RBI on purchases of goods which are used by consumers in the month of September; this was a very popular scheme. The strength in the growth of loans has been recorded even though there is a ban.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Loan upper limit increased for women
12 point conduct checklist for bank and...
J&K Bank raises PLR
Now, Do Banking on Social Media Sites
Personal loan: Lender of the last resort


Wickr ID :::gblghl2;;;;GBL Gamma Butyrolactone Wheel...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive