Gone are the days when a family’s limited savings meant settling for a simpler wedding. The easy availability of wedding loans has made lavish celebrations more attainable. These personal loans offer instant financial assistance, making them appealing to many. However, these personal loans often come with high interest rates, typically ranging from 10-20%, depending on your … Read more
My father, aged 51, currently has no investments. He owns two properties and has one ongoing loan of Rs 20 lakhs. He has his money saved in the Provident Fund. His annual income is Rs 10 lakhs. Recently, a bank representative proposed a scheme whereby he would need to invest Rs 2 lakhs per year … Read more
The surge in retail loans, particularly among GenZ and Millennials, has been a significant trend in the financial sector. This demographic is increasingly drawn to unsecured lending options, facilitated by fintech companies and NBFCs, offering quick and convenient access to credit. However, this ease of access has led to a rise in defaults, highlighting the … Read more
NAGPUR: The Nagpur bench of Bombay High has quashed an FIR against a finance company employee, charged with abetment to suicide for demanding loan repayment from a borrower, saying it was a part of the employee’s duty and cannot be said to have instigated the borrower to end life. A bench of Justices Vinay Deshpande … Read more