With the market having expanded, evident in the definitive uptick in travel loans, the average loan value per person has dropped about a quarter to Rs 1.5 lakh per person. The average value has seen a reduction given the large increase of younger travellers availing of loans for both domestic and short-haul overseas destinations.
India's sharp rise in interest rates has left many homeowners in an unenviable position: Having a mortgage they'll still be paying decades after they should have retired.
As the banks increase interest rates after the hike in RBI s repo rate, people face a difficulty to between the reduction of EMIs or Tenure, , reserve bank of india, repo rate, emis, Loan Tenure
In the statement, the airline said that as a part of welcome benefits, customers of the credit card will avail a complimentary air ticket worth up to Rs 3,000.