borrowers

The frictionless credit initiative being piloted by the Reserve Bank is helping lenders slash their customer acquisition cost by a whopping 70 per cent, while for borrowers the saving is 6 per cent of the loan amount, a senior central…

Last Updated: July 31, 2023, 10:25 ISTWashington D.C., United States of America (USA)File Photo of U.S. President Joe Biden. (Reuters via third party) The Biden administration launches a beta website for the SAVE student loan repayment…

A borrower’s biggest stress is that they would lose the asset.Banks or financial institutions usually provide a 60-day prior notice, if you miss your EMI. Fulfilling the dream of having a car is comparatively easier than before. There…

With her student loan payments on hold for three years, Ashley Dorn, a public school music teacher, found another use for the money she saved during the moratorium. She used the extra cash to pay off $10,000 in credit card debt, a bill that…

When student loan payments resume in October, half of borrowers will have to start making payments of at least $200, according to a new study from TransUnion, a leading credit bureau. One in five are looking at a monthly payment of $500 or…

More than 800,000 borrowers will have $39 billion in federal student loan debt eliminated under a government effort to remedy years of mistakes by the loan servicers that collect payments on the government’s behalf.Millions more people will…

As we've seen in the recent surge in climate disasters, the effect of a gradual increase in temperatures does not necessarily result in a gradual impact on people's daily lives. Nor does it affect people equally.Wednesday's Monetary Policy…

Last week's US Supreme Court's decision to strike down widespread federal student loan forgiveness has left millions of student loan borrowers grappling with what's next.The White House released a statement hours after the June 30 Supreme…

Following the US Supreme Court's decision to strike down President Joe Biden's widespread federal student loan forgiveness plan, millions of student loan borrowers are left wondering what's next.Though the White House released a statement…

Gross NPA ratio of retail loans at the system level was low at 1.4 per cent as of March 2023.The share of 'special mention accounts' was relatively high at 7.4 per cent for SCBs and it accounted for a tenth of their retail assets portfolio,…