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LATEST NEWS  – Have you ever been hounded by telemarketers urging you to apply for a loan? Calls, text messages, WhatsApp or even meeting you in person, representatives of financial companies leave no stone unturned when it comes to convincing you to take a loan. But how is the  LOAN ELIGIBILITY  application processed? Do lenders really bend over backwards to hand you the loan cheque? It does not quite work that way. Yes, sales personnel employed by financial institutions are aggressive in their attempts to lure you. They have to be; their commissions depend on it. And if one takes the bait and applies for a loan, the situation is likely to change by the time the application is processed. It is the borrower who is expected to satisfy the credit parameters and fulfil all the eligibility criteria for the Home Loan. Let’s get down to the basics. What do you think is the main eligibility criteria for taking a Home Loan? The simple answer is the borrower’s abilit...

The PM announced several measures for senior citizens, farmers, pregnant women and home buyers Latest News   -   Business Standard   brings you its selection of 10 important takeaways from Prime Minister Narendra Modi's address to the nation on the New Year's Eve: Here are 10 important takeaways from Prime Minister Narendra Modi's address to the nation on the New Year's Eve: 1. The government will bear 60 days' interest on select farm loans. 2. In 2017, the government is bringing new housing schemes. a) On home loans of up to Rs 9 lakh, for poor and middle class people will get 4% exemption on interest; b) on loans of up to Rs 12 lakh, the exemption will be 3% 3. PM announced schemes for women: Rs 6,000 assistance for pregnant women. 4. "I am overwhelmed by the public support after demonetisation," said Modi. 5. Modi says honest taxpayers will get benefit. 6. Thirty million kisaan credit cards will be converted into RuPay cards, said the PM...

Industrialist Vijay Mallya today came out in defence of his decision to go abroad, stating that he had not fled from India.  Rubbishing claims that he had absconded from India, Mallya said that as an international businessman, he travels a lot to and fro from India. ALSO READ:  Mallya showed zero debt in Rajya Sabha affidavit   Show full Article  Tweets by Vijay Mallya