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Home loan: New RBI rules can help you save Rs 33 lakh in interest in a Rs 50-lakh loan; know how.

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

September 18, 2023
Economic Times

Loan Against Securities Vs Personal Loan: What should you choose?

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

September 9, 2023
Financial Express

Invest Smart: How RBI’s new guidelines can impact your loan EMIs

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

August 26, 2023
editorji

Is it a good idea to settle loan or huge credit card bill if you can’t repay? Know how to approach a loan settlement

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

August 24, 2023
Economic Times

Unable to get a loan? Build a proper credit history with secured card

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

August 17, 2023
business-standard

RBI’s rate decision to keep EMIs stable: Experts.

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

August 11, 2023
Deccan Herald

RBI may maintain status-quo on interest rate, say experts.

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

July 31, 2023
Times of India

Vehicle loans outstanding rise 22 pc in May despite high interest rates.

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

July 13, 2023
Economic Times

Share of housing loans in total advances rises to 14.2 per cent in 11 years: RBI report

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

July 3, 2023
Financialexpress

Continued Pause On Policy Rate To Push Growth, Anchor Inflation: Experts

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

June 12, 2023
Outlookindia

Amid rising Home Loan rates, Andromeda’s loan distribution jumps 63% to Rs 60,000 crore in FY23

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

April 17, 2023
Financialexpress

Loan growth may moderate in FY24, RBI may take a long pause over rate hikes: Andromeda

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

April 14, 2023
Business Today

RBI Repo Rate Pause: Home loan EMIs already up 22% since May 2022, what are your options?

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

April 7, 2023
Economic Times

How to reduce home loan tenure if EMI is stretching beyond retirement age: 5 tips

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

March 29, 2023
Financialexpress

9 hard lessons for home loan borrowers from the sharp interest rate hikes.

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

March 17, 2023
Economic Times

Credit card outstanding rises 29.6 pc to reach record high level in Jan

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

March 11, 2023
Economic Times

Look to refinance your home loan to save on EMI payments

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

February 23, 2023
Business Insider

RBI’s FAQs on digital lending to promote responsible practices, say experts

V Swaminathan, Executive Chairman, Andromeda loans and Apnapaisa.com opined that with the clarifications through FAQs released on February 14, the RBI is prioritising…..

February 20, 2023
Economic Times

Looking for a new home loan? You may have to settle for a lower amount now

“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

February 10, 2023
Moneycontrol

RBI Rate Hike: How home loan EMIs under EBLR, MCLR, base rate, BPLR will be impacted, what borrowers should do now

“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

February 8, 2023
Economic Times

Repo Rate Hiked By 25 BPS: How Much Will Your Home Loan EMIs Increase

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

February 8, 2023
Outlookindia

Budget 2023-24: Nirmala Sitharaman Simplifies KYC Process, Announces One-Stop Solution For Updating Address

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.

February 2, 2023
Outlookindia

Live budget 2023 expectations updates how FM Sitharaman can help india’s middle class beat inflation

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

January 30, 2023
Moneycontrol

Fixed or floating rate? Choose floating-rate car loan if you plan to prepay

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

January 27, 2023
business-standard

Service Your Debt Effectively In 4 Simple Steps

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

January 27, 2023
outlookindia

Struggling to pay home loan EMI? You can pay less now, but there’s a trade off

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

January 27, 2023
Economic Times

Want To Take A Home Loan Overdraft Facility? Here Are Its Benefits And Demerits

“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.

December 26, 2022
Outlookindia

By how much can your EMIs go up after RBI’s 35 bps rate hike?

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

December 19, 2022
livemint

Pay higher EMI or stretch EMI tenure: What should you do amid rising loan rates?

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

December 19, 2022
Business Today

RBI’s modified digital lending norms come into effect from December 1

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

December 2, 2022
Economic Times

Andromeda Loans receives ISO Certificate again

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.

November 24, 2022
ThePrint

Banks Slash Interest Rates On Home, Personal Loans As Festive Offers; What’s The Fine Print?

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

November 3, 2022
outlookindia

Can you manage higher home loan EMIs after the interest rate increase? Yes you can! Find out how

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

November 3, 2022
Business Today

Subprime borrowers must keep credit utilisation ratio under check

Retail borrowers in India are hungry for credit and lenders are obliging by giving out loans even to those with a risky profile.

November 3, 2022
business-standard

housing sales to breach pre pandemic levels in 2022 demand momentum to continue despite interest rate hikes industry

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

September 1, 2022
moneycontrol

housing sales seen breaching pre pandemic levels in 2022 demand likely to continue despite rate hikes

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

September 1, 2022
financialexpress

Home Loan interest rate may increase & impact homebuyers

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

September 1, 2022
dnaindia

Personal retail loan disbursements rise 42% at end-March 2022: Study

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.

September 1, 2022
business-standard

Personal Retail Loans Surge By 50% In 2022, Says Andromeda & Equifax Report

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

September 1, 2022
outlookindia

Personal retail loans rise 42 %, private banks surpass PSBs in lending, Study

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

September 1, 2022
livemint

Personal retail loan disbursements rise 42% at end-March 2022: Study

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

September 1, 2022
dailypioneer

Here Are Things To Look Out For When Investing In A Plot Of Land

Investing in a piece of land can be much more profitable than investing in apartments or floors, as the appreciation is much higher.

September 1, 2022
outlookindia

वैयक्तिक कर्ज घेण्याकडे वाढला ओढ, ‘इतक्या’ टक्क्यांनी वाढली मागणी

Personal Loan: बँका आणि बिगरबँक वित्तसंस्था यांच्याकडून दिल्या गेलेल्या वैयक्तिक कर्जांमध्ये गेल्या वर्षीच्या तुलनेत यंदा ४२ टक्के वाढ झाली आहे. मार्च २०२१ मधील वैयक्तिक

September 1, 2022
Maharashtratimes

व्यक्तिगत खुदरा कर्ज वितरण मार्च, 2021 से मार्च, 2022 के दौरान 42 प्रतिशत बढ़ा: अध्ययन

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

September 1, 2022
IBC24

व्यक्तिगत खुदरा कर्ज की मांग बढ़ी, 1 साल में 42 प्रतिशत का इजाफा : स्टडी

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

September 1, 2022
NDTV

व्यक्तिगत खुदरा कर्ज वितरण मार्च, 2021 से मार्च, 2022 के दौरान 42 प्रतिशत बढ़ा: अध्ययन

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

September 1, 2022
ThePrint

Personal Retail Loans में 42% की वृद्धि, निजी बैंकों ने ऋण देने में PSB को पीछे छोड़ा

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

September 1, 2022
dnaindia

Retail lending rises in 2022; NBFCs disbursed highest number of loans

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.

August 26, 2022
moneycontrol

Further interest rate hike by RBI may dent real estate demand

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

August 8, 2022
The Print

Home Loan Rates are Rising. Here’s What You Need to Do

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

August 8, 2022
Business Today

EMIs to rise again after RBI repo rate hike and there’s more pain to come

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

August 8, 2022
Economic Times

RBI aims to establish India as a powerhouse of digital payments globally

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

August 6, 2022
Mint

How are Tier-II & III cities acting as growth engines of the economy? Here’s what Andromeda has to say

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

August 6, 2022
Deccan Herald

Andromeda’s loan disbursals rise 1.5 times to 38,462 crore in FY22

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

August 6, 2022
Mint