Loan

A new kind of digital loan apps scam has started plaguing India. Here scammers ask victims to download an app to get loans at attractive terms only to later harass, threaten and even blackmail them. Know more about this online trap and how not to fall for it. With the rise of digital infrastructure, there has been a rise in digital crimes as well. Among them, digital loan apps scams have emerged as a particularly dangerous and heinous cybercrime. The scammers…

J.D. Power announced last week the results of its 2022 US Consumer Lending Survey. The survey found that 38% of vulnerable consumers -- defined as consumers who have a difficult time making necessary payments, such as bills -- have turned to personal loans to manage their debt.Additionally, 47% of consumers said an ad influenced them to get a personal loan, and 61% said they would use their lender again. According to J.D. Power, the top three reasons consumers have utilized a personal loan are: debt consolidation, lower…

FBN Holdings Plc saw its gross earnings for last year jump to N757.3 billion, 28.2 per cent higher than the figure recorded one year prior, while its net profit climbed by more than three-fifths according to its audited financial statement obtained on Thursday. Late in coming, the release of the earnings report came nearly two months after the March 31 deadline, with management citing difficulty in completing the audit of one of the biggest subsidiaries of the group as the ground for the…

The Xpress Car Loan is a simplified and intuitive method to get a car loan and it makes the process a lot more comprehensive, faster and convenient for car buyers. Buyers can use the Xpress Car Loan to apply for up to Rs 20 lakh and the loan amount will be credited to the dealers’ accounts within half an hour. This scheme according to HDFC Bank will also drive more car sales across the country including in the semi-urban and rural areas. Around 82 percent of all cars bought in India are financed and if you have ever…

Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending environment on record in the U.S. is coming to an end.The share of subprime credit cards and personal loans that are at least 60 days late is rising faster than normal, according to credit-reporting firm Equifax Inc. In March, those delinquencies rose month over month for the eighth time in a row, nearing their prepandemic levels.…

In an interview Tuesday with CNBC's Jim Cramer, Upstart Holdings CEO David Girouard sought to downplay investor concerns about the increased loan balance held on the financial technology firm's balance sheet at the end of its first quarter.Shares of the artificial intelligence lending platform plunged 56.42% Tuesday, closing at $33.61 apiece, one day after it also lowered its full-year outlook for revenue and adjusted EBITDA margin. Upstart cited rising interest rates and broader economic uncertainty for the revised…

Credit: CC0 Public Domain Lending activity has bounced back to pre-pandemic levels, according to findings from the latest UK Commercial Real Estate Lending report, authored by Dr. Nicole Lux, Senior Research Fellow at Bayes Business School (formerly Cass). …

Jio users now have the facility to get instant high-speed data on loan and pay for it later. Called Emergency Data Loan, the latest offering by the Mumbai-based telecom operator is aimed to allow its prepaid subscribers to get up to five data loan packs of 1GB each — 5GB in total. The subscribers will be able to pay for the added data at a later stage. The new facility will help users who have exhausted their existing data allocation and are not able to purchase a data top-up for their accounts.Each emergency data loan…