استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
First-time borrowers: NBFCs or banks, which is a better choice?
April 16, 2025
|Mint Mumbai
As a first-time borrower, I will apply for a home loan.
How do banks and non-banking financial companies assess creditworthiness? Do NBFCs offer any advantage over traditional banks for first-time applicants? What are key factors to keep in mind?
—Name withheld on request
With home loans getting cheaper and government subsidies like PMAY (Pradhan Mantri Awas Yojana) in play, this is a good time to borrow—especially for first-time homebuyers. If you're new to credit, lenders assess your eligibility based on factors like age, educational background, current living conditions, employment stability, and overall asset creation. Your income-to-obligation ratio (a measure of how much of your income goes toward debt repayments) must ideally be below 50-60%.
هذه القصة من طبعة April 16, 2025 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Mumbai
Mint Mumbai
BYD bursts into top 5 of India's EV firms
In the back of an almost 80% surge in sales this year so far, Chinese carmaker BYD has jumped to the fifth spot in India's electric vehicle (EV) pecking order and is revving for more.
2 mins
December 02, 2025
Mint Mumbai
Mandatory govt app on phones may spur industry pushback
A push by the Centre to phone-based curb scams by mandating a government app on every smartphone in circulation is likely to be opposed by the world's largest handset makers including Apple, Google, Samsung and even industry bodies, according to multiple executives Mint spoke with.
3 mins
December 02, 2025
Mint Mumbai
India's CAD moderates in Q2
India’s current account deficit (CAD) moderated in the July-to-September quarter on the back of a lower merchandise trade deficit, the Reserve Bank of India said on Monday.
1 mins
December 02, 2025
Mint Mumbai
GST reset riddle
India’s latest data on goods and services tax (GST) collections was keenly awaited as a signal of the impact of midyear rate cuts.
1 min
December 02, 2025
Mint Mumbai
MEGA BANK MERGER: WILL IT AMPLIFY RISK?
The government is reportedly preparing for another round of public sector bank (PSB) consolidation, five years after the last major merger exercise brought the number of state-owned lenders down to 12 from 27.
3 mins
December 02, 2025
Mint Mumbai
Anil Ambani moves SC over fraud tag
Industrialist Anil Ambani has moved the Supreme Court challenging an order of the Bombay High Court which upheld the State Bank of India’s (SBI) decision classifying his and Reliance Communications’ accounts as fraud.
1 min
December 02, 2025
Mint Mumbai
Mehli Mistry quits Ratan Tata’s Small Animal Hospital
Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.
1 mins
December 02, 2025
Mint Mumbai
UK lawmaker Tulip Siddiq sentenced in Bangladesh graft case
Bangladesh court sentenced British lawmaker and former minister Tulip Siddiq in absentia to two years in jail on Monday in a corruption case involving the alleged illegal allocation of a plot of land, prosecutors said.
1 min
December 02, 2025
Mint Mumbai
Rupee at record low, no US deal drags
The rupee slid to a record low on Monday, pressured by maturing non-deliverable forward positions alongside a persistent bearish pall on the currency as India remains the among the few major economies without a trade deal with the US.
1 min
December 02, 2025
Mint Mumbai
KOCHI'S BOATS CHART A NATIONAL COURSE
India wants to modernize its ancient waterways for mass transit. Can it be a game changer?
8 mins
December 02, 2025
Listen
Translate
Change font size