Oriental Bank of Commerce (OBC) today announced a revamp of its home and car loan schemes as part of its efforts to ramp up its retail loan book and increase market share in these segments.The new home loan scheme includes features such as reduced interest rates, extended repayment terms, higher loan eligibility for high ticket loans besides loyalty bonus of 0.25 per cent concession in interest .. more …
With interest rates at record lows, banks are seeing more customers applying to refinance auto loans.Eli Marks, retail and small business credit manager for Wells Fargo’s Southeastern region, said he has seen a significant increase in customers refinancing auto loans as mortgage rates drop.”Average rates have dropped significantly in the past 10 years, about 3 percent,” Marks said. “That can .. more …
By Pauline Ng KUALA LUMPUR – Amid persistent pressure to loosen lending guidelines for the auto sector, Malaysia’s central bank has reiterated its stance that loans should be extended only to the creditworthy.”We want those who have the capacity to take on debt to be able to do so,” Bank Negara Malaysia governor Zeti Akhtar Aziz said on Tuesday when asked about the possibility of a review.”Our .. more …
Car loans provider carfinance247.co.uk has released its latest car finance and car sales data, which highlights how the average purchase value of a used car has decreased by 12% in the last six months.(PRWEB UK) 24 April 2012 He says: “During the last 6 months, overall, it appears that our customers have been downsizing. This could be due to the fact they do not want the extra worry of having .. more …
Calcutta News.NetTuesday 17th April, 2012 The Reserve Bank of India on Tuesday announced cuts in its key interest rates.The RBI cut its repo rate from 8.50 percent to 8 percent. People can now expect home and car loans to get cheaper.The RBI left the cash reserve ratio (CRR) unchanged as the share of deposits that banks must hold with the central bank will continue to remain at 4.75 percent. The .. more …
New York – The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans before they pay credit card bills and make mortgage payments, a study finds.It used to be that Americans would pay their home loans first, then their credit card and car loans. After all, homes have been the most valuable possession for most people for .. more …
Car loan provides a financial assistance to the person in buying a new or used car. By means of car loan he can also drive his car on the roads he wants. But, the question arises that from where to avail the car loan which matches to his needs and requirements? Today, majority of the banks and financial institution provides car loan on easy terms. It totally depends on the person as to which offer .. more …
NEW YORK (AP) ” The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans before they pay credit card bills and make mortgage payments , a study finds.It used to be that Americans would pay their home loans first, then their credit card and car loans. After all, homes have been the most valuable possession for most people .. more …
The latest update to the TransUnion Payment Hierarchy Study sheds new light on how consumers prioritize their payments when money is running short. The credit management bureau found that both mortgage and credit card payments take a backseat to those for auto loans, and that of the three, mortgage payments are still at the bottom of the priority list. The study’s authors speculate declining .. more …
NEW YORK (AP) ” The recession and its hangover may have turned bill-paying habits upside down. Cash-strapped Americans are paying off their car loans before they pay credit card bills and make mortgage payments , a study finds.It used to be that Americans would pay their home loans first, then their credit card and car loans. After all, homes have been the most valuable possession for most people .. more …
