If a borrower has no credit score or history, banks may consider him/her as a higher risk borrower since they have no past data to evaluate their creditworthiness.

MUMBAI: Demand for consumer loans is no longer limited to large cities. In the last festival quarter (Oct-Dec 2023), Kanpur and Bara Banki in Uttar Pradesh were among the top ten cities in terms of ...

The Government said it would update the Credit Contracts and Consumer Finance Act (CCCFA).

There has never been a taxpayer scam like the federal student-loan forgiveness program.

People with mortgage payments, credit cards to pay off and other household loans have seen defaults recently increased.

A new business in Devon which specialises in green building techniques has been set up after receiving a Start Up Loan via SWIG Finance.

IMGC partners with Bank of India to offer secure and flexible mortgage-backed home loans for affordable housing.

With the rising demand in the affordable housing segment, this product aims to make home ownership more accessible for a wider range of borrowers in the country, it said.

Indian non-banking lender Bajaj Finance reported a larger-than-expected 21% rise in fourth-quarter profit on Thursday, boosted by steady loan demand. Consolidated profit after tax rose to 38.25 ...

With a market capitalisation of Dhs60.3bn as of April 22, 2024, ADCB’s annual profit jumped 28 per cent to Dhs8.21bn in 2023 while its total assets grew from Dhs498bn in 2022 to Dhs567bn in 2023, ...

Additionally, the brokerage mentions that if the lender grows deposits at 17-18 per cent over March 24-29 then loan growth can be 13 per cent. Additionally, improvement in net interest margins (NIMs) ...