Credit Card Loans

The scheme started in August 2021 to provide support to youths who lost their livelihood owing to the pandemic

In a Q&A, R Subramaniakumar dwells on the lender's strategy to fuel growth in credit cards and microfinance, and plans to mop up deposits in an increasingly difficult market

There could also be a third scenario where the interest cost is added to the product price and then the higher price is converted into EMIs

Spends have topped Rs 1 trillion level for five consecutive months now

BNPL, small-ticket consumer loans are other options to build credit history

Loans can be issued to you both legally and fraudulently. So if there's a suspicious entry in your credit report, get to the bottom of the matter immediately

HDFC Bank plans to aggressively issue cards after central bank withdraws ban, helping sector to make more gains.

Among players in the credit card segment, HDFC Bank, despite a ban on issuing new credit cards, retained a sizeable, and, perhaps, the lar­gest market share in spends, at 27 per cent in May.

September's seven per cent year-on-year credit card outstanding is the poorest in recent years

A petition was moved in the Delhi High Court on Monday seeking directions to the Central government and the Reserve Bank of India (RBI) to extend the moratorium period for repayment of term loan

Take this loan as an overdraft facility and pay interest only on the amount utilized

Can the bank take shelter under the omnibus problems caused by the Covid-19 crisis to indiscriminately cut down on the sanctioned credit limits

Private banks put up a better show than other card financiers

You can raise cheaper personal loans online to repay unsecured loans. For home loans, banks are taking documents online, but property verification may take time

Categorised as unsecured loans, these will feel the brunt of weak demand and income disruption of borrowers

There are quite a few problems with the credit score

A credit card does have some virtues; it can be beneficial in an emergency

Moreover, the number of credit cards outstanding is also projected to grow at fast pace of 23 per cent CAGR in the next five years

While NBFCs are increasingly willing to lend to below-prime borrowers, the latter should remember that failure to repay can have dire consequences

Personal loans, conversion into EMIs, borrowings from P2P lenders are alternatives if you can't pay credit card dues