#Loans

.New Delhi, Delhi, India
The lending institutions, like banks, take steps for the recovery of dues based on the category of loans. (Photo Credit: Representational Image/Unsplash)

  • Lenders, sanctioning home loans, ensure there is a co-applicant so that recovery is not affected in case borrower dies
  • They often don't sanction loans if the borrower does not have an adequate life insurance policy
  • Personal loans and credit cards are unsecured and are mostly written off

.New Delhi, Delhi, India
RBI has imposed a penalty of Rs 10 crore on HDFC Bank. (Photo Credit: Twitter/@ANI)

  • The HDFC Bank was fined over deficiencies in regulatory compliances with regard to its auto loan portfolio
  • A whistleblower had filed a complaint regarding the irregularities
  • The RBI's order imposing the fine was issued on May 27

.Mumbai, Maharashtra, India
This will be Lodha Developers' third regulatory approval to IPO list since 2009. (Photo credit: Representational/unsplash)

  • Macrotech Developers Ltd is formerly known as Lodha Developers
  • They will sell its 2,500 crores worth of shares 
  • The company will be using a portion of its net proceeds to settle the debts

.New Delhi, Delhi, India
A person can deposit a minimum of Rs 500 to a maximum of Rs 1.5 lakh per year. (Photo Credit: Unsplash)

  • PPF or Public Provident Fund is a long term savings scheme run by the central government
  • Recently, a few rules related to instalments and interests have been made
  • An account holder can make more than one deposits every month unlike previous rules

.New Delhi, Delhi, India
(Photo Credit: Representational/ Unsplash)

  • Money pundits say that one should have at least six months salary in an emergency corpus
  • The key things while getting a loan is the tenure of repayment and interest rates
  • Few quick ways to get a loan could be borrowing from your employer, or a personal loan from the bank