It seems even those in school are hard hit by the global credit crunch.
The downward spiral economy in India has led to banks giving out and approving lesser education loan disbursements.

Some says the increase in defaults in the segment has led to the fall in banks’ education loan portfolio.
Although the government is encouraging lending by […]

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Federal Reserve lending rate is set to be slashes, and it will set in motion of driving down the cost of borrowing but the bottleneck is still at the banks who are still charging double the rate for consumers.
Banks are picky about their loans these days where loans interest rates have more than double than […]

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Small and Medium Enterprises sectors are set to see new SME loans that is going to be restructured by United Bank of India (UBI).
Due to the global economic crisis, UBI deems they need to protect their loans to ensure it do not become non-profitable assets.

The bank also has other plans in store such as raising […]

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With the global economic crisis, local banks are more stringent in granting loans.
Applicants will now scrutinies more about an applicant income and stability.
Although MAS or Monetary Authority of Singapore allows up to 90 per cent of loan of the home’s valuation, most banks these days are allowing as much as 60-70 per cent only.
Not only […]

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Punjab National Bank has announced that they’re reviewing the housing loans rates.
Currently Punjab National Bank is offering a loan at a rate of 10 per cent and this number would be revised.
When asked when exactly the review will be complete, Punjab National Bank says “Let the government extend two per cent sub mention to reduce […]

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