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Article: 'My life without personal loans...'.
- Article from:
- Economic Times (New Delhi, India)
- Article date:
- September 11, 2005
CopyrightCOPYRIGHT 2005 The Economic Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Shreya Biswas
Sep. 11--Foreign trips, visit to malls, bigger cars, swanky homes and plasma TVs. So who's paying for the Indian middle class' huge appetite for the good things in life? Well, along with their other inhibitions, Indians are shedding their apprehensions about loans too, and turning to personal borrowings, big time.
The urge to splurge is reaching higher levels with the enthusiastic young Indians going all out to avail themselves of personal loans to finance their purchases of designer watches, jewellery, foreign tours et all.
Says Nitin Chopra, executive vice president & head, consumer banking, India, ABN AMRO Bank NV, "In ...
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Article: Home, personal loans to get dearer.
Economic Times (New Delhi, India);
April 19, 2006 ;
700+ words
... ... interest rates on home loans over Rs 20 lakh, personal loans, loan against shares and advances ... 40 paise against every loan of Rs 100. From now on, they will have to deduct Re 1 for every Rs 100 loan to these segments. Over ...
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