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Women more credit conscious than men: Report SECTIONS Share Synopsis With 4.7 crore active woman borrowers, 61% of the women consumers have a credit score greater than 720, whereas only 56% of male consumers have a CIBIL score greater than or equal to 720, according to the latest report by Transunion Cibil. Agencies In terms of types of loans, Women demand is more for personal loans and consumer durable loans with 38% of enquiries by women coming for these two loan products during calendar year 2020. Women are turning out to be more creditworthy than men as they have a higher credit score of 720 on an average compared to a score of 709 for the male population, according to a report by credit bureau Transunion Cibil, which says women monitor their credit scores more regularly. Also, the number of women borrowers have grown at a faster pace than men over the last six years. ....
Will you benefit from the home loan rate cuts? Premium 2 min read SBI has reduced home loan rates to 6.7% for loans up to ₹75 lakh, while Kotak Mahindra Bank‘s offer starts at 6.65%. SBI has a further 5 basis points concession for women borrowers. HDFC has reduced its retail prime lending rate by 5 basis points from 4 March. Mint decodes. Share Via Read Full Story SBI has reduced home loan rates to 6.7% for loans up to ₹75 lakh, while Kotak Mahindra Bank‘s offer starts at 6.65%. SBI has a further 5 basis points concession for women borrowers. HDFC has reduced its retail prime lending rate by 5 basis points from 4 March. Mint decodes. ....
Toggle navigation The state-owned lender commands over 34 pc market share in home loans and 33 pc in auto loans segment SBI reduces home loan interest rates to 6.7 pc ANI | Updated: Mar 01, 2021 13:28 IST Mumbai (Maharashtra) [India], Mar 1 (ANI): State Bank of India (SBI) has sweetened its offers on home loans by reducing interest concession of up to 70 basis points with interest rates starting from 6.7 per cent. The country s largest lender said on Monday it is also giving 100 per cent waiver on processing fees till March 31. The interest concession are based on the loan amount and CIBIL score of the borrower. SBI said it is important to extend better rates to customers who maintain good repayment history. Its home loan interest rates start from 6.7 per cent for loans up to Rs 75 lakh and 6.75 per cent for loans above Rs 75 lakh. ....