Posted in home improvement loans

The salaried are back to taking home and personal loans



RBI data: The salaried are back to taking home and personal loans


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RBI data: The salaried are back to taking home and personal loans

Allirajan M

With restrictions imposed to curb the spread of COVID-19 pandemic easing and economic activity seeing a gradual improvement, the demand for personal loans is on an upward trajectory. Housing, vehicle, credit card and personal loans for the salaried too have seen a rebound in July. Home loans grew 12.3 per cent year-on-year (y-o-y) and stood at around Rs 13.48 trillion at the end of July, data released by the RBI (Reserve Bank of India) showed.

Personal loans increased 11.2 per cent y-o-y on an overall basis to end the month at Rs 25.31 trillion. The month-on-month (m-o-m) improvement of 1.6 per cent in the total personal loan disbursals in July was the highest since February and was better than the marginal improvement of 0.5 per cent seen in June.

Salaried drive personal loan

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Laurel contractor denies seeking COVID-19 relief loans to pay off personal court costs | Crime & Courts

Welch also told an undercover agent posing as a representative reviewing his application that he had no pending criminal charges, according to the indictment.

Welch intended to use the loan proceeds to pay restitution and other costs related to criminal cases against him in Stillwater County District Court and elsewhere, prosecutors say.

The Stillwater County case alleges Welch took $31,800 in total from three separate households for home repairs but failed to start or complete the work. Welch pleaded not guilty in January.

In May, Welch waived extradition to Wyoming in a criminal case with similar allegations. Prosecutors in Campbell County say Welch received a down payment of $1,690 for a home improvement project, but the work was never done and the money never returned.

Welch has not yet been arraigned on charges in Musselshell County that were filed in May. In that county, Welch faces three separate cases, each

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Posted in home improvement loans

Home Improvement Loans | Compare loans with Uswitch

Comparing and choosing the right home improvement loans for you needs can be tricky – it’s best to decide exactly what they will be used for, how much interest you will incur doing so, and the best home improvement loans available.

Home improvement loans

Compare both secured and unsecured loans for home improvements with Uswitch.

Home improvement loans

Different types of home improvement loans

When it comes to financing home improvements, consumers should assess the pros and cons of taking out a secured or unsecured loan, to make sure they’re getting the best deal for them.

Secured loans are loans secured against your property, which means that the bank or building society providing it can repossess your home if you fail to meet the repayments schedule.

Unsecured or personal loans depend far more on your personal circumstances, but offer a narrower timeframe for repayments and, usually, less money.
When you’re

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New Jersey Lawyer Issued Almost $9 Million in PPP Loans, Bought House, Invested In Stock Market, DOJ Says

A New Jersey attorney was indicted on Tuesday with multiple counts of bank fraud for allegedly obtaining $9 million in federal Paycheck Protection Program (PPP) loans.



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Jae H. Choi of Bergen County submitted four fraudulent applications for PPP loans to four lenders on behalf of four businesses that were said to provide educational services, according to filed documents and statements made in court. He allegedly lied about the existence of hundreds of employees on the application, manipulated bank records, and falsified a driver’s license—while stating that these companies paid over $3 million in monthly wages.

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In one instance, Choi falsely claimed in an email to a lender that he told 150 of his employees that they would lose their jobs because the PPP loans had not

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Quicken Loans: Mortgage Rates Review 2020



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Quicken Loans: Pros and Cons

PROS

Generally speaking, there are three main areas where Quicken excels: variety of mortgage products, customer satisfaction, and online service. Quicken is also first in the country in mortgage originations by volume, according to the Mortgage Bankers Association (MBA). Quicken’s wide variety of loan products include conventional fixed-rate mortgages, government-backed VA, FHA, and USDA loans, and refinancing. In terms of customer sentiment, J.D. Power has ranked Quicken highest in mortgage origination satisfaction for 10 consecutive years. Finally, Quicken’s simple mortgage application process can be completed with any of their representatives over the phone or through its Rocket Mortgage online service.

CONS

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Quicken will fall short for potential borrowers who prefer face-to-face interactions. The company does not have physical branches, so customers will need to complete mortgage processes online or over the phone. Further, although Quicken Loans does offer

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Indonesian Firms Demand More Loans to Buy Pandemic-Hit Assets

(Bloomberg) — Indonesia’s second-largest lender by assets says the nation’s companies are set to demand more loans, as they scoop up assets made cheaper by the pandemic.

Some buyers are interested in assets that have become available after the virus and measures to stem it hurt Indonesia’s economy, Alexandra Askandar, corporate banking director at PT Bank Mandiri, said in an interview last week. Growth in loans to large businesses will likely accelerate in the second half from an expansion of 3.4% in the first six months, she said, declining to give an exact target.

“There is demand for loans which have been triggered by this pandemic as some companies are selling their assets,” according to Askandar, 48. “Some of the financing that we provide is to support these acquisitions, such as for oil and gas assets, as well as power plants.”

Indonesia’s economy contracted for the first time in more

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Best Home Improvement Loans of September 2020

What is a home improvement loan?

A home improvement loan is an unsecured personal loan that you use to cover the costs of home upgrades or fixes. Lenders provide home improvement loans for up to $100,000 with rates typically between 6% and 36%.

Because you don’t put up your house as collateral for the loan, your rate is based on your credit and income information. If you can’t repay the loan, your credit will take the hit.

Should you get a home improvement loan?

A home improvement loan can make sense if you don’t have a lot of equity in your home or you don’t want to use your home as collateral.

Ideally, you can qualify for a low rate and monthly payments that you can afford for the life of the loan. Payments on home improvement loans are usually fixed, which means you can reliably schedule monthly payments into

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Home equity loans come with risks

Gary Sandler, Real Estate Connection
Published 2:56 a.m. MT Aug. 16, 2020

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Gary Sandler (Photo: Josh Bachman/Sun-News)

Thinking of purchasing a new vehicle or installing an in-ground swimming pool? Perhaps you’re in need of cash for college tuition, mounting debts or an extreme makeover for your family pet. Maybe you’d like to improve your home by remodeling or adding more space. Those uses and more can be financed using a home equity loan or home equity line of credit. But is it prudent to use the money — no matter what the circumstance? Maybe, maybe not.

According to CoreLogic’s Homeowner Equity Insights report for the first quarter of 2020, “U.S. homeowners with mortgages (roughly 63 percent of all properties) have seen their equity increase by a total of nearly $590 billion since the first quarter 2019, an increase of 6.5 percent, year over year.” The report also revealed

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Home rehab loans available through city, county for needed repairs

The COVID-19 pandemic has reportedly made some residents hesitant about inviting contractors into their homes.

The result has been a decrease in requests for rehabilitation loans, according to Olmsted County Housing Director Dave Dunn.

Rochester officials are now encouraging people to consider using city or county programs to make home improvements.

“Equity, compassion, neighborhood vitality and livability are at the heart of the (Rochester) City Council’s strategic priorities,” Rochester Rochester Community Development Director Cindy Steinhauser said. “The Rochester Home Rehabilitation Loan Program is a great opportunity for residents who don’t have the funds to partner with the city to do needed repairs to their home and help preserve our housing stock and neighborhoods.”

The Rochester Home Rehabilitation Loan Program provides deferred loans for residents with qualified rehabilitation projects.

Loans up to $25,000 with 2 percent simple interest are available to homeowners to make home remodeling improvements related to health, safety

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