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Archive for June 11th, 2007

Personal loan : Now An Easy Option

June 11th, 2007 Contributor No comments

Some years ago, you may have found it tough to approach any bank for a personal loan. The choices were few; maybe ICICI Bank, State bank of India and a few others. Not any more.
Competition is hotting up and most banks are now compete with each other to aggressively market personal loans. Though personal [...]

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RBI directed to banks for ceiling on personal loan rates

June 11th, 2007 Contributor No comments

With a view to prevent the bank from charging excessive interest rates on personal loans, the Reserve Bank of India asked all commercial banks to fix a ceiling on rates and processing charges to be levied on borrowers.
“An appropriate ceiling may be fixed on the interest, including processing and other charges that could be [...]

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Categories: Personal Loans India