Instant loan

Hyderabad Police File Indictment Against Instant Loan Applications | Hyderabad News

HYDERABAD: Six months after Hyderabad police filed criminal case against representatives of mobile apps offering high-interest loans – allegedly harassing defaulting debtors by defaming them – days ago , the police filed an indictment against the defendants, including those arrested. Chinese national Zhu Wei alias Lambo, in front of the Nampally Criminal Court. Cybercrime detectives […]

Home loan

When Should You Transfer Your Home Loan Balance? – Forbes Advisor INDIA

A home loan balance transfer is the process of transferring an existing home loan to another lender at a lower interest rate and other benefits. It’s quite similar to getting a new home loan. When a borrower makes a balance transfer, their total outstanding loan will be transferred to the new account where the new […]

Instant loan

Hyderabad cops sue in 30,000 crore instant loan racket | Latest India News

Hyderabad cybercrime police filed an indictment on Friday as part of a ??A 30,000 crore online loan racket, based in China, that has ruined the lives of hundreds of people. The racketeering encouraged borrowers to take out loans in Andhra Pradesh, Telangana, Bengaluru, Chennai and Mumbai and imposed high interest rates on them. “In Telangana, […]

Home loan

Need better mortgage insurance

Death brings not only emotional trauma but also, often, financial distress for the family of the deceased. It is to guard against this that prudent people often take out, in addition to their home loan, an insurance policy that would cover the repayment of the loan, in the event of the premature death of the […]

Home loan

“The base of active mortgage borrowers increased by 5% in December 2020 compared to the previous year”

With growing demand for home loans, the country’s active home loan borrower base in December 2020 was higher than pre-pandemic levels in December 2019, growing nearly 5%. According to the CRIF CreditScape: Housing Loans report, the total number of home loan borrowers was 2.32 crore as of December 2020, of which 1.43 crore were active […]

Installment loan

Customers Bank expands its consumer installment loan program with Upstart

WEST READING, PA & SAN MATEO, CA – (COMMERCIAL THREAD) – Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced that Customers Bank, a full-service community super bank and a subsidiary of Customers Bancorp, Inc. (NYSE: CUBI), has grown and expanded its banking partnership with Upstart to expand its personal loan program […]

Home loan

Ever-lower mortgage rates: an unprecedented opportunity for homebuyers

If the increase in housing affordability is any indication, the Indian residential real estate market will see an increase in sales in the coming months. Current mortgage rates are the lowest in four decades and are expected to remain low for another six to twelve months; so now is the best time for home buyers […]

Home loan

Save lakhs on home loan! Here’s what you need to do

Banking entities across the board have been steadily cutting home loan interest rates since the last quarter of 2020, passing on the rate advantages to customers. This accelerated the decline in demand for housing loans. The lower interest rate regime is here to stay amid Covid-19. The lower interest rates bring a lot of relief […]

Instant loan

ED Ties Rs 76.67 crore of Chinese Firms in Instant Loan Application Fraud Cases

The Enforcement Directorate (ED) issued a provisional seizure order under the Prevention of Money Laundering Act 2002 (PMLA) tying Rs. 76.67 Crore, lying in various bank accounts and payment gateways regarding Chinese loan application companies and their Indian associates, the agency said in a statement on Tuesday. The federal agency had opened an investigation on […]

Home loan

How to Apply for a VA Home Loan

How do I apply for a VA loan? If you are an active duty member, veteran, member of the National Guard, or the surviving spouse of a service member, you may qualify for a VA home loan. These government loans are insured by the US Department of Veterans Affairs. They have no down payment, no […]

Home loan

5 Mistakes Mortgage Applicants Should Avoid

Any wrong choices or decisions made by a home loan borrower can reduce their chances of getting an optimal home loan and also affect future repayments. Home loan is a long-term financial commitment for borrowers, as it involves a longer term and larger loan amount. Any wrong choices or decisions made by a home loan […]

Home loan

Instant home loan approval – are you eligible?

While other lenders struggle with long turnaround times and clunky approval processes, fintech Nano has launched a new home loan where loan approval is granted on the spot. What’s the catch? The new home loan is offered by Nano, which is “not a traditional lender,” co-founder Andrew Walker told Finder. “It is a financial technology […]

Home loan

How do I pre-qualify for a home loan?

What does it mean to pre-qualify for a loan? When you’re preparing to buy a home, you’ll likely come across the term “loan prequalification.” This is the first step in the mortgage process, where a lender provides a rough estimate of how much home you can afford. Pre-qualification is usually quick and easy – you […]