any banks or finance companies that provide debt consolidation loans in mumbai?
My crony is seeking for something called debt converging loan however it seems there is no such product offering by any banks in Mumbai.
if we all have any thought greatfully let me knw a banks as well as financial company
There are 2 suggestions to question “any banks or finance companies that provide debt consolidation loans in mumbai?”
No such product is available in India & no loan is granted without sufficient security to recover the bank funds in case of default.If your friend has colletetral security to offer than he can get mortgage loan to the extent of 50% of the value of security subject to 2 times of the gross income as per last 3 years IT return.Pvt.Financers do dilute this eligibilty but than they chargs higher rate of interest.
Debt consolidation between Banking loans/debts is not in practice within the Indian Bankers,as it is in the USA or other markets. However retirement of Rupee debt with low cost FX/ECB debt has been in practice with corporates entities who see significant medium to long term advantage. However in the Retail segment one can consolidate by taking Balance Transfer’s between Credit card accounts/debts
issued by different Bankers upon paying the switch fees.
No such product is available in India & no loan is granted without sufficient security to recover the bank funds in case of default.If your friend has colletetral security to offer than he can get mortgage loan to the extent of 50% of the value of security subject to 2 times of the gross income as per last 3 years IT return.Pvt.Financers do dilute this eligibilty but than they chargs higher rate of interest.
Debt consolidation between Banking loans/debts is not in practice within the Indian Bankers,as it is in the USA or other markets. However retirement of Rupee debt with low cost FX/ECB debt has been in practice with corporates entities who see significant medium to long term advantage. However in the Retail segment one can consolidate by taking Balance Transfer’s between Credit card accounts/debts
issued by different Bankers upon paying the switch fees.