Crisil warns banks of retail loan defaults

January 8th, 2008

Crisil, the credit rating agency, today said banks should brace for payment defaults on their retail loans because of their exposure to high-risk customers and rising interest rates.
Gross non-performing assets (NPAs) on these advances are forecast to rise to over 4 per cent over the next two years from 2.7 per cent as of March […]

Filed under: banks, business, finance, loans, mortgage by Forest
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An Introduction to Loans and Charging Orders

December 13th, 2007

When money is lent as part of a ’secured loan’, the lender has the power to get back the cost of the loan by forcing the sale of the house, in the event of default or inability to make the required repayments. These loans are for the most part regarded to be riskier and unsecured […]

Filed under: business, finance, interest rate, loans, uk by Forest
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