WebJan 6, 2024 · Being a secured loan, the interest rate on loan against mutual funds is lesser compared to other unsecured loans. Moreover, since they are a low tenure loan, this can be a great alternative to personal loans. Take Loan Against Irredeemable Funds: Some mutual funds such as ELSS come with 3-year mandatory lock-in. WebFeb 15, 2024 · Company can’t accept loan from relatives of the director as per Companies Act, 2013 But as per ‘The Companies (Acceptance of Deposit) second amendment Rules, 2015’ dated 15th September, 2015 G.S.R. 695(E) Private Limited Company can accept loan from the relative of the Director if relative furnish to the company at the time of giving the ...
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Web2 days ago · The average interest rate on a 10-year HELOC is 6.98%, down drastically from 7.37% the previous week. This week’s rate is higher than the 52-week low of 4.11%. At … WebJun 9, 2024 · Cheating under Section 420 of Indian Penal Code, 1860. A mortgagee can be sued by a mortgagor for cheating under IPC when it is proved that the mortgagee used forged documents for obtaining a loan. 6. Fraud under Section 17 of the Indian Contract Act, 1872 and Section 415 of Indian Penal Code,1860. bt i\u0027
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WebJun 12, 2024 · FOREIGN LOANS AND NBFC Loans from foreign institutions are called external commercial borrowings or ECB. The foreign loans could be taken from foreign … WebJul 9, 2024 · While a loan disbursal in the banks can take a few days to weeks, NBFCs can process an application within 24 hours of its approval. NBFCs are more flexible when it … WebFeb 6, 2024 · NBFCs are subject to fewer rules and less scrutiny, and can therefore decide the risk exposure they want to take. Most of the time, they will sanction loans based on … bti roma