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MUMBAI: Concerned about the practices adopted by some of the digital lending platforms, the Reserve Bank of India (RBI) has cracked down on them and imposed several conditions on banks and non-bank financial companies (NBFCs) lending through them. Now, any bank or NBFC that uses a digital lending platform must provide the borrower with a …

Here are a few things to keep in mind when applying for a personal loan online: With banks and non-bank finance companies (NBFCs) offering instant personal loans with just a few clicks, obtaining an unsecured personal loan has become very easy in recent times. The online application has made the overall process quick and easy, …

Online and offline home loan application compared for you Highlights Opting for a longer term ensures that the borrower has additional time to repay the loan Before applying for a new home loan, you must prepay your existing loans A good CIBIL score allows you to easily benefit from a mortgage New Delhi: Buying a …

Mumbai: Travel agency owner Pravin Kalaiselvan was left in shock on March 25, two days after the lockdown began, when his father reportedly received a call from a debt collector from Cashbean, a loan app on payday, claiming his son was a defaulter. Kalaiselvan had borrowed 15,000 rupees from the loan app for a week …

The instant loan app said customers can get a moratorium by requesting one via email or Twitter. However, the client claims that he was never informed of this. Hyderabad resident Shrikar Manne, self-employed in the real estate industry, on April 15 missed an EMI loan payment of a loan he took over on an instant …