loan-to-value ratio

A Third Of All Drivers Are Underwater On Their Cars

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A Third Of All Drivers Are Underwater On Their Cars

Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact … Read more

Reserve Bank lifted curbs on gold loan business, says IIFL Finance

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Reserve Bank lifted curbs on gold loan business, says IIFL Finance

The Reserve Bank of India (RBI) has lifted the curbs imposed on the gold loan business of IIFL Finance with immediate effect, the company told stock exchanges on Thursday. The RBI had prohibited the company from sanctioning, disbursing, or selling any of its gold loans in March this year citing certain supervisory concerns. The central … Read more