The Competition Commission of India is a statutory body accountable to promote competition and safeguard the interest of consumers all over the country. The commission this December, made clear that banks and housing finance companies can levy prepayment penalty charges on closure of home loans beforehand. We have 43 housing finance companies, 27 public sector [...]

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Previous article on educational loan mentions the preferences of banks while granting an educational loan, courses covered under it, documents required, expenses included in the loan,etc. Well the amount to be granted for  loan depends on whether the course is to done in India or abroad. For courses in India its limited to Rs. 10 [...]

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Educational loans provided by banks are actually a relief to that section of society who can’t afford to pay the fees towards courses offered by educational institutions. In simple words it is actually, a source of fulfilling individuals dream. Any Indian citizen between 16-35 years of age who have acquired admission in to any eligible [...]

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CIBIL   the first central bureau maintaining credit record of individuals all over the country.  It’s linked with almost all the banks and financial institutions who share customer’s credit information. Timely payment of dues and bill will help getting you high score from CIBIL thus, making availability of loan easy in future with low interest rates. [...]

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Credit report is the most important thing considered by banks or by any other financial institution before granting any loan. Well you can get your credit report from 3 agencies, Credit Information Bureau (India) Ltd, or CIBIL, Equifax Credit Information Services Pvt. Ltd and Experian Credit Information Co. of India Pvt. Ltd. All 3 are [...]

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