Borrower

RBI will increase the frequency of reporting of credit score info by lenders to credit score information corporations

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The RBI has determined to extend the frequency of reporting of credit score info by lenders, together with Banks and NBFCs, to Credit score Data Firms (CICs) from month-to-month intervals to fortnightly foundation or shorter intervals. That is aimed toward offering a extra up-to-date image of a borrower’s indebtedness. At current credit score establishments (CIs) … Read more

IMGC ties up with Financial institution of India to supply mortgage guarantee-backed dwelling mortgage merchandise

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India Mortgage Assure Company (IMGC) has introduced its strategic partnership with Financial institution of India (BOI) to supply mortgage guarantee-backed dwelling mortgage merchandise. “This collaboration will deal with salaried and self-employed dwelling mortgage prospects within the reasonably priced housing section. Leveraging IMGC’s assure experience and BOI’s community of over 5,100 branches throughout India, this collaboration … Read more