Crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme

Pushed by the Supreme Court, this interest waiver may appear to be a good relief for the borrowers; however, going by the basic method of computation, the benefit for retail borrowers appears to be marginal

Housing loan, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme

The benefit may be extended to all types of loans, comprising home mortgages, and to debtors/borrowers who paid their EMIs during the moratorium period

You may consider taking on debt due to low interest rates, even in these uncertain times. The question is how much and in what ways

HDFC Bank has offered its borrowers a loan restructuring scheme which is expected to provide them relief amid ongoing coronavirus pandemic

State Bank of India (SBI) has introduced a loan restructuring policy with an aim to provide further relief to home and retail borrowers amid ongoing coronavirus crisis

MCLR-linked home loans come with a reset period of one year, which SBI has reduced to six months. Although it is wise to go with the reduced reset period, there could be some pitfalls

Representatives of various industry bodies suggested that banks should not charge interest on interest and instead only recover the cost of finance from borrowers who availed moratorium on loans

Under restructuring, moratorium should be the last resort as it adds to your interest burden; increasing tenure or reducing EMI could be better options

A bench headed by Justice Ashok Bhushan, which commenced final hearing on a batch of petitions on waiver of interest on deferred loans, was told that paying interest on interest is a \"double whammy\" for borrowers and banks cannot charge it

Senior counsel Rajiv Dutta, appearing for the petitioner Gajendra Sharma who has taken home loan from a bank, assailed the accrual of interests on EMIs even during the moratorium period

Govt is in process of identifying distressed sectors to vary benefits as per the impact of hit they have taken due to COVID-19, said Solicitor General

In a report released on the last day of the moratorium, the agency said it analysed 2,300 non-financial sector companies which have taken recourse to non-payment of loans, and found that three-fourths of entities are sub-investment grade

The RBI may not extend the moratorium as an extension could impact the credit behaviour of borrowers without resolving the issues being faced by them following the outbreak of the Covid-19

SC says Centre has all powers under Disaster Management Act to decide on issue of waiver of interest and that it should make its position clear

India Stock Market Highlights Today: ONGC, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo were among the top gainers today, while Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among the laggards.

MSMEs body says the industry is not back on its feet yet and needs more support from the regulator to overcome the current crisis

The mortgage lender said that there will be a rate of interest of 6.90 per cent for a borrower seeking loans up to Rs 50 lakh and having a CIBIL score of 700 and above.

Burden of paying EMIs when you have suffered a job loss or a salary cut is too heavy to shoulder, in most cases putting you into a debt spiral. If it has happened with you, troubles may hit the roof if you are not careful about your credit score