//Push Notification
OR
Scan QR Code to download our app
Know what we are up to, as reported by your favourite news outlets.
Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution Pvt Ltd, says, “With the RBI mandate, banks are now required to provide borrowers with clear options to increase their EMI or extend...Read More
Raoul Kapoor, co-CEO, Andromeda Sales and Distribution, says, “The choice between a loan against securities and a personal loan depends on individual financial circumstances. Loan against securities is secured by...Read More
In this episode of Invest Smart, Editorji’s Avni Raja speaks to Raoul Kapoor, Co-CEO of Andromeda about the recent changes announced by the Reserve Bank of India and the impact...Read More
Based on your circumstances and financial condition, lenders may also accept partial payment. However, it is generally better to settle the loan in full if you can afford it, as...Read More
The Reserve Bank of India (RBI) said recently in its monthly bulletin that lenders find it difficult to extend credit in the absence of borrowers having a credit history. A...Read More
Sunil Dewali, Co-CEO, Andromeda Sales and Distribution said as the RBI maintains a steady stance on interest rates, the outlook is optimistic that the pivotal policy rate has found stability...Read More
On expectations from the upcoming RBI Policy, V Swaminathan, Executive Chairman, Andromeda Sales said the central bank will maintain the status quo and opt for hawkish stance in view of the...Read More
Vehicle loans outstanding increased by 22 per cent year-on-year to Rs 5.09 lakh crore in May, notwithstanding the Reserve Bank’s rate hike spree in 2022-23. As per the latest RBI...Read More
Executive chairman of Andromeda Sales V Swaminathan said the residential housing segment has experienced notable growth in demand, thanks to factors such as the implementation of RERA (Real Estate Regulation...Read More
The Reserve Bank’s decision to continue the pause on policy rates will support growth while addressing inflationary pressures, experts said. The RBI on Thursday opted for a pause for the...Read More
Amid rising home loan rates, Andromeda has experienced substantial growth in its loan disbursals during the Financial Year 2022-23. The company’s loan distribution increased by nearly 63% to reach Rs...Read More
Andromeda observed three major trends across the three geographical vertical of the country. Kapoor said that the average ticket size of loans is increasing in metro cities, while the number...Read More
The RBI’s choice to keep policy rates unchanged will offer relief to borrowers. We are optimistic that this decision will contribute to stabilizing the economy and curbing inflation in the...Read More
Lenders do not usually increase their repayment tenures beyond their respective retirement ages. However, you can consult your existing lender and refinance that balance amount into another loan and keep...Read More
While buying a dream home, most people stretch their budget to the maximum extent to add some more rooms or features. However, this stretching is done keeping the prevailing interest...Read More
V Swaminathan, Executive Chairman, Andromeda loans, said while secured loans like mortgage loans and business loans have taken a backseat these days, the personal loan segment is growing. “Fresh graduates,...Read More
After RBI raised the repo rate by 25 basis two points two weeks ago, most banks have raised their interest rates. Between May 2022 and February 2023, the RBI has...Read More
V Swaminathan, Executive Chairman, Andromeda loans and Apnapaisa.com opined that with the clarifications through FAQs released on February 14, the RBI is prioritising…..
“Lenders look at obligation to income ratio, which should not go beyond a threshold. For instance, a bank would say that for those having income of Rs 40,000, the maximum...Read More
“The rate hike of 25 bps today will make EMIs expensive by approx 2-4%. Borrowers will either have to shell out extra money to repay their loans or will have...Read More
Reserve Bank of India (RBI) hiked the repo rate by 25 basis points (bps) on February 8, 2023. This is the sixth time that RBI has hiked the interest rate...Read More
The know-your-customer (KYC) process will be simplified, Union Minister of Finance Nirmala Sitharaman said in her Budget Speech in Parliament on February 1, 2023.
In order to curtail inflation and promote growth, the Reserve Bank of India went on a repo-rate hiking spree in the year 2022. It has hiked the policy rate by...Read More
Car sales are surging, and so are car loans. According to Reserve Bank of India (RBI) data, vehicle loans grew 22.1 per cent year-on-year in December. Besides getting a good bargain on the...Read More
Be Disciplined: Your loan portfolio may consist of short-term, medium-term, and long-term loans with different interest rates and tenures. “When servicing such EMIs, you need to be disciplined. Your loan...Read More
Borrowers struggling to manage their household budget and pay the higher EMIs are actively looking for a solution that can help them reduce the impact of the sharp rise. There...Read More
“Your lender will provide you with an overdraft limit which is equivalent to the amount owed on your home loan,” says V. Swaminathan, executive chairman, Andromeda Loans.
In line with expectations, the Reserve Bank of India (RBI) took a softer approach and hiked the repo rate by 35 basis points in the December policy. With that, the...Read More
The Reserve Bank of India (RBI) on Wednesday increased the repo rate-the rate at which banks borrow from the Central Bank- by 0.35 percentage points to 6. 25 per cent...Read More
The RBI stated in a detailed set of guidelines for digital lending that the main concerns were unbridled engagement of third parties, mis-selling, breach of data privacy, unfair business practices,...Read More
Andromeda Loans proudly announces that it has reobtained ISO certification for the optimal management of its information security under ISO 27001:2013, in September 2022.
With banks continuing to slash interest rates on home as well as personal loans, it would certainly look tempting to go for that loan to fund your home purchase or...Read More
V. Swaminathan, Executive Chairman of Andromeda and Apnapaisa.com, which are in the business of loan distribution, says, “The cost of borrowing will increase, pushing banks and other financial institutions to...Read More
Retail borrowers in India are hungry for credit and lenders are obliging by giving out loans even to those with a risky profile.
After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of...Read More
India’s residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic...Read More
Home Loan Interest Rates Impact: The rising interest rates scenario in the last few months and expectation of further rate hike is expected to impact homebuyers’ attitude, albeit for the...Read More
The number of active personal loans increased from 3.5 crore as of March 2020 to 4 crore by March 2021, and to 6 crore by March 2022, it added.
Maximum number of personal loans were disbursed by non-banking financial companies. Private banks led the pack in terms of outstanding portfolio. Overall, personal loans in retail industry show a positive...Read More
According to a study, personal retail loan disbursements increased by 42 percent at end-March 2022 from March 2021.Private sector banks have outperformed public sector lenders in terms of disbursement of...Read More
Personal retail loan disbursements recorded an impressive growth of 42 per cent from March 2021 to March 2022, reflecting an improvement in overall economic and business sentiment, said a joint...Read More
Investing in a piece of land can be much more profitable than investing in apartments or floors, as the appreciation is much higher.
Personal Loan: बँका आणि बिगरबँक वित्तसंस्था यांच्याकडून दिल्या गेलेल्या वैयक्तिक कर्जांमध्ये गेल्या वर्षीच्या तुलनेत यंदा ४२ टक्के वाढ झाली आहे. मार्च २०२१ मधील वैयक्तिक
नयी दिल्ली, 29 अगस्त (भाषा) व्यक्तिगत खुदरा कर्ज की मांग तेजी से बढ़ी है। यह बात खुदरा ऋण वितरण के आंकड़ों से पता चलती है। एक अध्ययन के अनुसार, मार्च,...Read More
अध्ययन के अनुसार, कुल व्यक्तिगत कर्ज का आकार मार्च, 2021 में छह लाख करोड़ रुपये था जो मार्च, 2022 में बढ़कर आठ लाख करोड़ रुपये हो गया. मार्च, 2020 में...Read More
Personal Loan: एक अध्ययन के मुताबिक मार्च 2021 से मार्च 2022 के अंत तक व्यक्तिगत खुदरा ऋण संवितरण में 42 प्रतिशत की वृद्धि हुई है. निजी क्षेत्र के बैंकों ने...Read More
according to a recent report titled ‘Indian Retail Loans Overview – August 2022’ released by multinational consumer credit reporting agency Equifax in partnership with leading loan distributer Andromeda.
The Reserve Bank of India’s upcoming monetary policy committee announcement and guidance is expected to be a decisive event for the interest rate-sensitive Indian real estate sector. The next monetary...Read More
The era of low interest rates seems to be over with the RBI raising the repo rate by 0.9 per cent in just 36 days. Going forward, home loan rates...Read More
Banks and other financial institutions have been hiking loan interest rates over the past two months. However, rising inflation has shattered the hopes of borrowers who have been hoping for...Read More
The Reserve Bank’s ‘Payments Vision 2025’ document, which seeks a three-fold jump in the number of digital payments, is progressive and aims to establish India as a powerhouse of payments...Read More
As the services sector started its precedence over manufacturing and agriculture in the late 90s, the lack of employment opportunities, career growth, and crumbling infrastructure in India’s smaller cities and...Read More
Retail loan distributor Andromeda on Thursday said its loan disbursals grew nearly 1.5 times during the last financial year to ₹38,462 crore on significant improvement in business climate, extensive use...Read More