Tag Archives: Loan

Planning to buy a second-hand car on loan? Here’s what you need to do

According to a survey done last year, the size of the Indian pre-owned car market is 3.5 million cars. This, as per the survey, was 1.2X of the annual sales volume of new cars. But, despite having a much bigger share in terms of the number of cars sold, only 15% of the used cars sold, were financed through used-car ... Read More »

Reckless car loan salesmen exposed: How dealers are luring young drivers into massive debt by offering them new top-brand cars with NO cash up front

Young drivers are being tempted into dangerously high levels of debt by car dealers offering them new vehicles for no money up front. Ruthless salesmen are offering customers Audis, Vauxhalls, Suzukis and Fords worth up to £20,000 for no deposit – even if they admit they are unemployed, on low wages or have a poor credit rating. But the deals ... Read More »

When Your Computer’s Location Could Deny You A Loan!

A high ratio of credit defaulters in your neighbourhood could be bad news for you. There was a time when banks used a handful of information to assess the creditworthiness of the borrower. With the introduction of credit score, the lending industry saw a huge revolution. Banks and other financial systems relied on credit reports to reduce the risk of ... Read More »

India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms. Deal4Loans Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, ... Read More »

India Funding Roundup: An Aerial Drone Startup, Loan Marketplace, and More

Our latest funding roundup compiles seed investments in Indian startups engaged in restaurant deal discovery, business loan marketplaces, drone startups, fashion apps, broker-free rental aggregators, and more. PocketIn Delhi-based Pocketin, a four month old startup that provides a mobile app to discover deals and book tables at restaurants has raised its seed round of $150,000 (roughly Rs. 1.03 crores) from ... Read More »

Bad Loan Clean-Up Takes Toll on State Banks’ Earnings

Mumbai: Four state-run banks reported a spike in bad loans and provisions for sour debt on Tuesday after a clean-up exercise ordered by their regulator, sending three of them to net losses for the fiscal third quarter. Punjab National Bank (PNB), India’s fourth-biggest state-run lender by assets, posted a 93 per cent fall in December-quarter profit, and said it expected ... Read More »