Bank Loan Consultants : S & P Bank Loan Services

Erosion in loan growth and quality due to the corona virus The final bastion in India's $1.6 trillion banking sector faces a test of its resilience as private lenders brace for an erosion in loan growth and quality due to the corona virus. Strongest private banks The nation's strongest private banks -- HDFC Bank Ltd., Kotak Mahindra Bank Ltd. and ICICI Bank Ltd. -- had skirted the shockwaves that struck the state-owned banks and the shadow lenders in recent years, and which have left those sectors struggling under mountains of bad debt. Effects of India's lockdown of its economy But after doling out nearly two-thirds of new lending in 2019, the private banks have been unable to escape the effects of India's lockdown of its economy, which is expected to devastate many of their retail and corporate customers. If they now respond by curtailing new loans even to healthy borrowers, that will have serious consequences for the Indian economy and the pace at whi

How to get Personal Loan with Low CIBIL score ? "Personal loans give you a ray of hope in your life" Criteria for personal loan eligibility It is true that many banks do not encourage borrowers with low CIBIL score. But CIBIL score alone is not the single criteria for personal loan eligibility. It depends on various other factors. It may be like funding amount, rate of interest, tenure and other terms. How CIBIL score can impact personal loan approval ? Many borrowers do not know what is a personal loan & what is a CIBIL score. They are not aware about how CIBIL score can impact their personal loan approval. In the following write-up we help you understand the same in simple common man language. Personal loan – no security finance offered by banks and NBFCs Let's come to the first question what is a personal loan. Personal loan is no security finance offered by banks and NBFCs. No asset is necessary as collateral for borrowing personal loan. It