Keeping in mind customers’ instant requirement of loan solution, HDFC Bank has launched ‘Personal Loan Swift’, a loan product that can be processed in 24 hours. This loan product will soon be made available to salaried account holders in selected 25 bank branches, as stated in a statement issued by HDFC Bank. “In current scenario, [...]

Festive season around the corner, HDFC Bank plans to offer special rates for its personal loans to Government employees, Defense employees and teachers. Under the scheme, the bank has planned special offers for all the three categories of customers offering waiver of 3-4% on existing rack rates (minimum of 14.5%) for personal loan. Customers can [...]

Due to low credit demand, loan growth has dropped to single-digit level in the fortnight ended Oct 23, 2009. This year up to October, bank credit increased by 9.65 per cent, slowest since April 1997. According to the latest data released by the Reserve Bank of India (RBI), total loans, including food credit and non-food [...]

The Reserve Bank of India (RBI) has asked borrowers to be careful of dubious loan providers and verify their credentials before dealing with them. Several fraud loan providers, claiming to have registered with the RBI, are found to be luring people through newspaper advertisements offering personal loans, loans against property and other loans at a [...]