May 2021

Providing / offering loans illegally, charging exorbitant interest rates, harassing borrowers for collection and identity theft were some of the crucial findings forming part of the indictment filed by the police from the Hyderabad's…

The banks are calling on the government to show "compassion" to homeowners unable to pay their mortgages due to the pandemic, by expanding its loan program for people in difficulty.UK Finance and the Association of Building Societies,…

Amid an improving economic outlook in the Nordics, the region's largest banks are well placed in 2021 to reverse some of the pandemic-related loan loss provisions taken in 2020, analysts say, although some lenders may consider a more…

The Law Enforcement (ED) Directorate said on Thursday that it had seized assets worth Rs 166 crore in a money laundering investigation linked to an alleged bank loan fraud which has took place in Maharashtra. He said a total of 20…

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The COVID-19 pandemic has proven detrimental to most businesses, but the mom-and-pop shops that dot the country's shopping landscape have suffered badly, missing the larger coffers that have helped businesses stay afloat during the…

The COVID-19 pandemic has turned out bad for most businesses, but the family-owned stores that dot the nation's commercial landscape have suffered tremendously, for lack of larger coffers that have helped businesses stay afloat during…

You have decided to do it: you are going to take the plunge and buy a house. You apply with a local mortgage lender or online, only to be notified that your application has been denied. Although it is disappointing, you are not alone.…

By Ken Go After saving for a down payment, looking for a home, and applying for a mortgage, closing costs can be an unpleasant and stressful surprise. Knowing what closing costs cover and budgeting for them will make the last step!-->!-->!-->!-->!-->…

Bank loan funds lacked appeal for investors in 2019 and 2020 due to falling interest rates. But the economic recovery and the potential for rising short-term interest rates put the category back in the spotlight in 2021. The category's…

The federal government has entered into dialogue with the World Bank to secure a $ 75 million loan to provide water to communities across the country. Water Resources Minister Suleiman Adamu…

You may have heard retirees describe themselves as “rich in assets but poor in money”. Essentially, this means that even if they have their own home, they might have a hard time making ends meet.…

Consumer lending and borrowing has been a story of worry and wonder since COVID-19 appeared to trigger a capricious series of economic disasters. Businesses still face good resistance to borrowing money. Consumers are having a harder…

Illustration for representational purposes (Siddhant Jumde) The Directorate of Execution (ED) has tied up money to the tune of Rs 76.67 crore, located in various bank accounts and payment gateways, in connection with Chinese loan…

The Enforcement Directorate (ED) has tied ₹ 76.67 crore in various bank accounts and payment gateways relating to the Chinese loan enforcement case. Chinese companies and their Indian associates are questioned for…

The ED has attached assets of more than ??76 crore, including certain financial technology companies "controlled" by Chinese nationals and financial technology major Razorpay, in money laundering investigation against certain Chinese…

The Enforcement Directorate (ED) issued an interim seizure order under the Prevention of Money Laundering Act 2002 (PMLA) tying Rs. 76.67 Crore, lying in various bank accounts and payment gateways regarding Chinese loan application…

LUXAFLOR Roses, the company that secured an eyebrow-raising $ 750,000 bank loan guarantee from the government, claims it has no connection with Zanu PF, although its director has previously expressed support for President Emmerson…

The popular mobile lending app "Branch" has received regulatory approval to buy controlling shares in Century Microfinance Bank Limited. A notice in the Official Gazette dated Friday, May 7, stated that Branch International Limited had…

How to use a mortgage calculator? Mortgage calculators and home loan repayment calculators can be handy tools to use when trying to estimate how much you'll need to pay each month to cover your mortgage. Keeping in mind that these types of…

The Honeywell Group said it was managing loan facilities obtained from First Bank of Nigeria Limited and other financial institutions across the country. The company, in a statement on Sunday, said that,…

The Honeywell Group said its loan with First Bank was being processed as the conglomerate had reduced the facility by 30% over the past two and a half years. This was disclosed by the group via a statement released on Sunday and…

Millions of Americans have lost their jobs, and many have seen their incomes take a noticeable hit during the coronavirus pandemic. This spread to homeowners, many of whom could no longer meet their mortgage payments.The CARES law, which…

Are you considering taking out a new mortgage with a higher monthly payment than what you are currently making?Many people make this decision when they leave a home from home. And, in some cases, it is the right financial choice for their…