In a move that will make lending more expensive, Canara Bank on Tuesday increased the benchmark marginal cost of funds-based landing rate (MCLR) to as much as 0.15%. The new lending rates would come into effect on Wednesday, September 7, Canara Bank said in a regulatory filing on Tuesday.
Repay existing high-cost borrowings Mukand signed loan agreements with a bank on July 14, 2022, for using developer-backed unsecured loans as a term loan/working capital loan at competitive interest rates in an amount totaling Rs. 400 crores. The above loans will be used to refinance the Company’s existing high cost borrowings and […]
Thanks to bank loans, they kept getting stronger – their businesses grew and they bought land, apartments, SUVs and so on. Yet these willful defaulters are unwilling to repay their debts. Banks have resorted to the courts to recover their money, but lengthy legal proceedings hampered and hampered their efforts, allowing defaulters to lounge around. […]
Saudi Credit Bureau (SIMAH) Enables Millions More Consumers to Access Bank Loans After Introduction of FICO Score
LONDON–(BUSINESS WIRE)–FICO (NYSE:FICO) Strong points: SIMAH has set up the FICO® Score in the Saudi market helping to develop financial inclusion and allowing lenders to increase their portfolios Millions more Saudis can access loans since FICO Score was introduced in 2011 SIMA won a 2022 FICO® Decisions Award for Financial Inclusion Saudi Credit Bureau (SIMAH), […]