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Digital scams are rising, with fraudsters using stolen PAN details to take unauthorized loans, damaging credit scores. The article explains checking credit reports from CIBIL, Experian, or Equifax for suspicious loans or inquiries
Gold loans are secured by collateral like jewelry, offering lower interest rates, faster approval, and minimal documentation, making them ideal for those with poor credit scores or urgent needs. Personal loans, being unsecured, come with higher rates and stricter eligibility based on creditworthiness but provide flexibility without pledging assets.
Gold loans with overdraft facilities function as flexible revolving credit lines secured by gold collateral, enabling borrowers to withdraw funds as needed up to an approved limit, overdraft options charge interest only on the utilized amount.
Agri gold loans target farmers for agricultural needs with flexible eligibility including tenants without land ownership, using 75% LTV on gold value like regular loans but with higher limits and priority rates.
Despite RBI’s 1.25% repo rate cuts in 2025, many borrowers still pay old EMIs because loans are on fixed rate, MCLR or base rate. Repo-linked loans must drop EMI automatically; others may delay. Check your loan document, write to bank with account details. No reply in 30 days? Escalate to Grievance Officer or RBI CMS portal. Switch to repo-linked or refinance for immediate savings up to ₹2 lakh in
In a significant move, Tamil Nadu has waived the need for collateral on small loans to make credit more accessible to low-income borrowers and women-led enterprises. Under the new rules, borrowers seeking loans below Rs 4 lakh from registered moneylenders will no longer need to pledge assets or provide security. For members of self-help groups (SHGs), the collateral-free limit goes up to Rs 10 lak
RBI Governor Sanjay Malhotra on December 5, 2025 cut repo rate by 0.25% to 5.25%, the fourth reduction in FY26. Banks are expected to lower lending rates, reducing EMIs on home loans by ₹1,000-₹3,000, car loans by ₹300-₹800, bike & personal loans significantly. Millions of borrowers will enjoy lower monthly outflows, easier new loans and extra disposable income, giving major relief to middle-class
The Reserve Bank of India (RBI) has issued new directions prohibiting lenders from granting loans against primary gold, such as bullion, bars, digital gold, gold mutual funds, or gold ETFs, restricting gold loans solely to jewellery, ornaments, and coins.
Amazon plans to expand its Axio lending unit into small business loans and cash management, targeting digitally engaged merchants beyond major cities. Flipkart’s new NBFC arm eyes no-cost EMIs (3-24 months) and high-interest consumer durable loans (18-26%), awaiting final RBI nod for a 2026 launch.
When we repay long-term loans such as home loans, we end up paying more in interest than the principal amount we borrowed. When we unexpectedly get extra money in hand, we can prepay it to reduce the interest. But once you prepay, you cannot withdraw that money for an emergency. A solution to this problem and a wonderful scheme that reduces the interest burden with the convenience of withdrawing
