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Home loans in the affordable housing segment, below Rs 25 lakh, have slumped. In the quarter ended June 2023, credit card payment defaults increased. The approval rate for loans to new-to-credit consumers, whom lenders typically approach with caution, was lower. ....
Biz2Credit Small Business Lending Index finds funding rates at banks continue to decline amid current banking turmoil; borrowers turn to non-bank lenders.. ....
Experts said the surge in loan approvals is likely to reflect people trying to lock into mortgage deals amid expectations of rising interest rates. ....
February 09, 2021 Genrobotics Innovations among beneficiaries Kerala Financial Corporation, a leading State Financial Corporation, has completed loan approvals to the tune of ₹10.75 crore for various start-ups without any collateral security. The list of beneficiary start-ups includes Genrobotics Innovations with which it has been associated from the primary stage. Under the scheme, start-ups with firm purchase orders can avail funds of up to 80 per cent of the work order subject to a maximum of ₹10 crore at an interest rate of 10 per cent. There are also schemes for discounting purchase orders in which cases also the Corporation does not insist on any collateral security. ....