Borrowers News

Borrowers hoping for a drop in mortgage rates are facing disappointment as major lenders have recently increased rates on new deals, forcing many to make immedi

The RBI has proposed new rules for banks and NBFCs to increase transparency in loan spreads and Annual Percentage Rates (APRs), aiming to establish a unified fr

The RBI is pushing for clearer rules on loan spreads, rate revisions, and APRs for banks and NBFCs, which could make borrowing more transparent but might lead l

New inflation figures have been released, showing higher rates than economists had predicted, which could negatively impact borrowers.

The Reserve Bank of India (RBI) has issued new guidelines for lenders regarding loan recovery, specifically addressing whether they can block or lock devices pu

The RBI has proposed a new MCLR formula based on a three-month moving average of banks' marginal funding costs. This draft also suggests a three-month reset per

The Reserve Bank of India (RBI) has proposed internal ceilings on the amount small borrowers can pay on loans. These proposals, once finalized, will apply to va

A historic settlement has resulted in 170,000 borrowers having their student loan debt completely wiped out.

The Reserve Bank of India has prohibited banks from disabling mobile devices of defaulting borrowers for loan recovery, effective January 1, 2027, unless the de

According to Cibil, the number of over-leveraged borrowers has tripled, while the pace of credit expansion has slowed down.

Student loan defaults have surged to record levels across the United States since pandemic-era protections lapsed, as borrowers struggle to make payments.

The student loan SAVE plan is ending, giving borrowers 90 days to select a new repayment plan. Those who do not choose will be automatically moved to an alterna