The credit growth of banks declined to 9.8 per cent in May 2025 from 19.5 per cent during the same period the previous year, according to a report by the State Bank of India (SBI), indicating a slowdown in lending activities across the country. “Scheduled commercial banks‘ (SCBs) credit growth slowed to 9.8 per cent…
As the nation enters a phase of monetary easing, aspirational loan borrowers along with credit card holders are weighing the merits of gold loans versus personal loans to meet their financial aspirations and goals. Current interest rate landscape The Reserve Bank of India (RBI) reduced the repo rate to 6% in April 2025, post a…
Beginning an academic pursuit is often a very important milestone which can involve a significant financial commitment. When assessing options to obtain the funds necessary to achieve your academic goals, personal loans and education loans are likely to be the two most prevalent. Even though both provide you with some form of financial assistance, they…
In India a credit score is an extremely important indicator of an individual’s financial health. It influences personal loan approvals, interest rates, credit card eligibility, future loan approvals, applicable interest rates and tenure period. As of May 2025, a credit score below 650 is generally considered poor. It has the potential to limit access to…
A loan default can be a huge emotional and financial blow. Besides damaging your credit score, it may affect any future lending opportunities you will have. But don’t worry, you can fix your credit profile and financial situation if you take the right steps and get on the right path. Understand the impact of loan…
As wedding related expenses continue to rise in the country, many couples are actively exploring financial resolutions to manage costs efficiently. ICICI Bank provides for marriage loans, to help aspirational borrowers in helping them meet various wedding related expenses from venue booking to attire, catering etc. What is a marriage loan? A marriage loan is…
As international travel rebounds and gains traction, several Indians are looking out for financial opportunities to fund their holidays. Axis Bank provides for several prudent solutions through its travel personal loan, designed to cover expenses such as accommodation, flight and associated activities. What is a travel loan? A travel loan is also known as a…
In today’s financial backdrop a solid credit score is important for securing favourable loan terms, credit card approvals along with securing other credit lines such as home loans, education loans etc. That is why aspirational borrowers should focus on aiming to boost their individual creditworthiness swiftly. This can be achieved by implementing responsible financial habits…
Personal loans: When you apply for a personal loan, it is vital to be aware of all the key documents that you need to submit. Without submitting the necessary documents, an applicant can not avail the loan. The choice of documents may vary from bank to bank – however, the common documents that you need…
The State Bank of India (SBI) continues to be a preferred option for individual borrowers seeking personal loans. The bank offers amounts of up to â‚ą35 lakhs with easy and flexible repayment options. There are also special options available for personal loans above â‚ą35 lakhs to make borrowing a seamless experience. Now for all such…
