The Reserve Bank of India (RBI) has issued guidelines for recast or resolution of loans taken by individual borrowers who are facing financial difficulties due to the Coronavirus pandemic. Banks have to formulate their own policies on recast of such…
Loan Against Shares (LAS)
Loans Against Shares/Securities is available in the form of an overdraft facility which is pledged against financial securities like shares, units and bonds. Loan Against Shares/Bonds/Mutual Funds is basically a loan wherein you pledge the securities you have invested in…
7 Personal Loan alternatives
Everyone needs to be flexible enough to take loans for their needs. However, the process of taking a loan is a burden, and with good interest on such loans. However, if you work with understanding, then you will get options…
Guaranteeing a Loan – Things to know
Becoming a guarantor for a loan is a huge responsibility. It means you are providing a guarantee to the lender that you shall repay the debt of the borrower if s/he is unable to do so if such a situation…