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New Laws Make Personal Loans More Attractive

Posted by mrudula on March 10th, 2010

Personal loans are quickly becoming more popular in the wake of the Credit CARD Act of 2009. This act, implemented on February 22, was the most sweeping change within the industry in decades. Under the new regulations, low-income families and people with a bad credit history will find it nearly impossible to obtain a line [...]

Posted in Personal Loans

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U.S. mortgage applications drop even as rates fall

Posted by admin on November 18th, 2009

NEW YORK, Nov 18 (Reuters) – U.S. mortgage applications fell last week, with demand for home purchase loans dropping to a 12-year low even as interest rates on 30-year loans fell to their lowest level in six months, data from an industry group showed on Wednesday. Home purchase loan demand fell for a sixth straight [...]

Posted in Business Loans, Home Loans

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SBI Beats its Competitors in Few Sectors

Posted by admin on November 18th, 2009

Low-priced loan schemes introduced over nine months back have propelled State Bank of India (SBI) onto the top of the growth charts in several credit segments, piping the erstwhile leaders to the post. These sectors include home, auto, small and medium enterprises (SMEs), infrastructure and education segments. In some of the project finance areas, the [...]

Posted in Home Loans