Bank of Baroda: 23-25 Pct Home Loan Growth

Posted on May 13, 2012 by admin

Public-sector lender, Bank of Baroda has seen its home loan portfolio growing by 23-25 per cent during April-November, and expects the growth to pick up further in the next quarter, a BB official said.

“From April to November, 2009, the growth (in home loans) has been a healthy 23-25 per cent. We expect this momentum to continue in the coming quarter as well,” the official said.

The bank, however, did not have any immediate plans to follow its competitors to offer home loans at 8 per cent but may look at the possibility in future after assessing the market conditions, the official said.
“As of now, we are not looking at launching any such schemes, as the growth (in home loans) has been quite healthy even without any such strategies. May be, we will look at it later,” the official said.

Bank of Baroda currently offers home loans at a rate ranging from 8.5 per cent to 10.5 per cent, based upon the loan amount and tenure of the advance.

A host of lenders, including the country’s largest lender, State Bank of India and its nearest competitor ICICI Bank had announced similar home loan schemes to woo the spiring home buyers.
As on September, Bank of Baroda’s total retail loan book stood at around Rs 21,000-crore, out of which home loans contributed around 45 per cent, the official said.

The lender has also maintained a healthy asset quality on its home loan portfolio, the official said.
Its gross non-performing assets from the home loan segment presently stands at around 2 per cent.
SBI was the first to come with the dual rate home loan scheme early this year, which was followed by other leading players like ICICI Bank, Kotak Mahindra, Axis and leading housing loan financer, HDFC.

Public-sector lender, Bank of India also have plans to offer fixed rate of 8 per cent for two years for new home loans upto Rs 30-lakh from the new year.

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Adverse Credit Business Bank Account: Designed For Needy People

Posted on April 30, 2012 by admin

Our past reflects in our future like our past irregularity of payments can result in poor credit record that can create problems in the near future. Any individual having any sort of credit issue has to face rejections by the banks for opening new bank account. This rejection creates other problems such as you cannot take the loan amount for your business. In such situation, adverse credit business bank account proves to the ideal option to regain your status in the market.

With the help of these accounts one can qualify for the business loans and become self-independent. And by repaying the loan amount on time one can also rebuild its credibility and bring back its financial life on track. Individual tagged with bad credit rating, foreclosure, arrears, debt, bad credit score or even bankruptcy can apply and acquire this banking service without any restriction. No credit check is one its key feature that helps everyone to make a new financial start with this account

Adverse credit business account come very almost all basic banking facilities such as cheque book, debit card and overdraft service. Through this account one is free to do different sort of transactions like pay in cash or via cheque and even give standing orders to pay various bills. Online and telephonic banking service is also offered for account holder’s convenience.

In order to open this account bank just want to fulfil their application form and submit some of your personal documents. They want to provide your identity proof and address proof. Through this account citizen of United Kingdom can easily mange their business finances and enjoy their financial life.

Most of the reputed banks provide you this banking service with personal money manager. They appoint personal manager that record your transactions and help you to make right financial decision. Your manger also assists you in fulfilling your financial commitments to rebuild your financial position.

Poor Credit Rating Bank Accounts: Makes Your Way Simpler

Posted on April 27, 2012 by admin

Is your bank account application turned down by the banks? Do you want to open poor credit rating bank account but unfortunately, don’t know much about it? If yes, they this is the right place for you. Here, you will find almost all the answers of your queries related to these accounts.

What are poor credit rating bank accounts and can one take it any of its poor credit problems?

As its name says these accounts are meant for the people having poor credit ratings. Most of the reputed bank offer these account to all individuals without any credit check. It means people having credit issues like CCJ, arrears, defaults, IVA or even bankruptcy can apply for these accounts without any restriction.

What are the eligibly criteria and fees related with the account?

Eligibility criteria set up by the banks are quite simple. In order to acquire these accounts you just need to provide your identity and address proof. As soon you provide these proofs they ask you pay account opening fee and monthly charges. Both of these fees are quite affordable and won’t create any type burden.

What are the benefits and facilities offered by these bank accounts?

Poor credit rating bank accounts offer multiple benefits and services to the account holder. Mostly banks offer these account without credit check and with guaranteed acceptance. Majority banks offer basic banking facility with the account such as direct deposit of your salary and wages and pay in cash or cheques or set up standing orders to pay various bills. Facilities like a debit card, cheque book, internet and telephonic banking and overdraft in return of reasonable fees are also provided with these accounts. Banks also appoint personal money manage that look after your financial transactions and assist you in taking the right financial decision.

Bad Credit Business Bank Account: Makes Your Business Strong

Posted on April 1, 2012 by admin

Nowadays, starting a business is not an easy task; credit crunch is affecting so many potential entrepreneurs who want to start up their own business. Thankfully it is now possible to open new bank account despite of ones poor credit issues. There are numerous banks that provide bad credit business bank accounts for those who are looking to start a company or already have company but having problem because of bad credit.

This account offers the ideal plan for the people who want to manage their financial matters of business and have history of poor credits. With this account one can get the various basic banking services like cheque books, debit cards, standing orders, direct debits, etc.

With bad credit business bank account one will find numerous advantages and services such as:

* No credit check. It means one can open this account with almost all kind of poor credit issues

* It helps to rebuild your financial status by managing your finances and by completing your fulfilling your commitments

* Helps to make direct payments for your electricity or water bill

* Online and telephonic banking services

* Make easy payments to the your clients around the world

* No unauthorized fee is charged against overdraft and late payment

* Affordable fees for account opening and for monthly service

Personal account manager is also provide that help you to handle finances and assist you to take various steps to rebuild your credit position. For acquiring all these facilities you just needs to provide your identity and address proof. As soon you fill up banks application and provide these documents you will get this advantageous bad credit business bank account to manage your business finances. Through online medium you can acquire this account form the convenience of your home or office.

Adverse Credit Bank Account: Ray of Hope For Bad Creditors

Posted on March 3, 2012 by admin

People having good credit rating can easily acquire the approval of opening bank accounts. But situation changes when person have adverse credit, CCJ’s or a default. Individual having any kind of credit issue face lots of problems while opening new bank account. In this circumstance adverse credit bank account proves to be the ray of hope for bad credit holders. This account provides them second chance to rebuild their financial position by managing their finances.

Adverse credit bank account provides an opportunity to every citizen of United Kingdom to open new bank account despite of their unpleasant credit ratings. This account also makes you eligible for acquiring the loan amount for any of your personal purpose.

With the help of this account you can have your personal bank account and enjoy various services mentioned below:

* No credit check is performed. It means your credit records become history and you can start your new financial life.

* With this account you would also get the facility of personal money manager that assist you settling your expanses and saving funds.

* Online and telephonic banking facilities are also offered

* No unauthorized fees are charged on overdraft and bounced payments

* Your account is set at the low cost and at affordable monthly fee

* Also provide free and regular updates of your finances.

In order to acquire adverse credit bank account you just need provide your 2 ID proofs to get the assured account. These proofs include your identity proof in which you can provide your passport, national ID card or driving license and secondly you need to offer address proof in that you can give your electricity bill, water bill or housing/ council tax benefit letter.

Internet provides you the most convenient means to acquire this account. There you just need to fill one simple application at bank or financial institute’s website and they will assist you to open your new account.

Adverse Credit Bank Accounts: Gives Another Chance

Posted on December 6, 2011 by admin

Now, your adverse credit history won’t stop you from opening new bank account. Adverse credit means your poor credit record that comes from defaults on loan, arrears, County Court Judgements (CCJs), fraud and bankruptcy. If you are also suffering from any of the above problem than need not to worry as adverse credit bank accounts are available in the market. These accounts are specially meant for providing another chance to the people suffering from poor credits. With the help of these accounts one can rebuild their financial position and effectively manage their finances.

Anyone can apply for these accounts without any restriction of their unpleasant credit records. These accounts also make you eligible for acquiring the loan amount to fulfil your personal or business needs. Through these accounts you can manage your finances and start your new financial life.

Adverse credit bank accounts provide you the various services that make your banking simpler. Its facilities include:

* No credit check is its key feature. It makes everyone eligible for the account irrespective of their credit problems.

* Personal money manager is also provided that look after your financial transactions and helps you in fulfilling your financial commitments. By doing so you can bring back your credibility.

* Online and telephonic banking facilities

* No unauthorized amount is charged on overdraft and late payments

* Low account opening cost and affordable monthly fee

* Free and regular updates of your transactions

In order to open these adverse credit bank accounts you have to provide 2 ID proofs. These documents consist of your identity proof for which you can give copy of your passport, ID card or driving license. Secondly, you need to prove your residents address for that you can provide utility bills like electricity bill or housing/ council tax benefit letter.

hrough internet you can conveniently apply for these accounts. On net you just have to fill one simple online application provided at bank or service provider’s website. As soon they get your application they will assist you in opening your new bank account.

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