RBI’s Digital Lending Directions, 2025 — A Regulatory Framework for Responsible Innovation
The Reserve Bank of India (RBI) has issued the Digital Lending Directions, 2025, to regulate the rapidly evolving digital lending ecosystem in India. Digital lending refers to the end-to-end automated loan process conducted remotely using digital platforms, encompassing customer acquisition, credit assessment, loan approval, disbursement, servicing, and recovery. While digital lending has significantly enhanced credit…
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Understanding Home Loans in India: A Comprehensive Guide
Brief: Home loans in India are one of the most sought-after financial products offered by banks and housing finance companies to help individuals realize their dream of owning a home. These loans are provided for various purposes including purchasing a new house, constructing a home, renovating or extending an existing property, or buying a plot…
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Features of Co-Branded Credit Cards
Co-branded credit cards are financial products issued jointly by a bank and a partnering brand, retailer, or service provider. These cards offer benefits and rewards specifically aligned with the partner brand’s offerings, thereby aiming to foster customer loyalty and encourage repeat purchases within the brand’s ecosystem. In contrast, standard credit cards provide more generalized rewards…
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What is a Charge Card?
A charge card is a type of payment card that allows users to make purchases with the requirement to pay off the entire balance each month. Unlike credit cards, charge cards do not typically charge interest, as there’s no option to carry a balance. They also often lack a pre-set spending limit, giving users more…
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What is a Home Décor Loan?
Home décor refers to the art and practice of enhancing and furnishing a residential space to improve its comfort, visual appeal, and alignment with the homeowner’s personal preferences and style. It involves the thoughtful selection of colors, textures, patterns, furniture, lighting, wall décor, and accessories, all aimed at elevating both the ambiance and functionality of…
Overview: Home Improvement Loan
A home improvement loan is a financial product specifically designed to fund renovations, repairs, or upgrades to an existing residential property. Unlike a traditional home loan, which is used to purchase a property, a home improvement loan is intended solely for enhancing or modifying the structure of a home that is already owned. Key Features…
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