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RBI's Big Relief For Home, Auto Loan Takers With Choice Over Interest Type
The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.
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After RBI's Lending Rate Hike, Home, Auto Loans To Be Expensive
This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.
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EMIs To Rise As RBI Hikes Interest Rate Again
Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation.
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EMIs Set To Rise As RBI Hikes Rates; Second Increase In 5 Weeks
Home, auto, and other loans' EMIs will rise after the Reserve Bank of India on Wednesday raised its key interest rate by 50 basis points, the second increase in five weeks.
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Credit To Medium Size Industries Grew 48.6% In October: RBI Data
Credit to medium industries saw a remarkable growth of 48.6 per cent in October 2021 size-wise compared to 20.8 per cent growth seen in October 2020
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Mahindra Rolls Out M-Protect COVID Plan For Farmers
Under the M-Protect covid plan, Mahindra will provide its customers with a health cover of Rs. 1 lakh through a unique COVID Mediclaim policy covering the customer in case they contract COVID-19 with home quarantine benefits.
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RBI Eases Loan Repayment Rules. How It Helps You
The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the regulator complemented the government's announcement of a Rs 1.7 lakh-crore fiscal package the previous day to help the poor survive the 21-day countrywide lo...
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IDBI Bank Offers Repo-Based Lending, Bulk Deposit Rates
Festival-bound demands for home and auto loans now get cheaper with external benchmark linked rates.
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SBI To Link Floating Rate Loans With Repo Rate: 10 Things To Know
State Bank of India (SBI), the country's largest bank, recently said that it would adopt the repo rate as external benchmark for all its floating rate-based loans from October 1. The change will impact floating rate loans for small businesses, home and retail loans, the bank said in a statement. Repo rate is the interest rate at which the Reserve B...
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IDBI Bank Repo-Linked Retail Loans Effective From October 1
IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.
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HDFC Bank Cuts Key Lending Rates By 10 Basis Points: Report
Indian banks largely price their MCLR benchmark loan rates according to the cost of deposits. With this cut, the bank's lending rates on products like auto or home loans may also come down.
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State Bank Of India (SBI) Loans: Types, Features And Other Details
Housing loan, car loan, personal loan, loans against property and education loans are some of the products offered by SBI. The interest rates applicable on these loans vary, depending upon the class of loan and term, among other factors, according to SBI's website - sbi.co.in.
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Loans May Get Cheaper As Shaktikanta Das-Led RBI Cuts Key Lending Rate
In a surprise move, the Reserve Bank of India (RBI) on Thursday reduced the repo rate by 25 basis points or 0.25 per cent. The central bank also changed its policy stance to "neutral" from "calibrated tightening". The repo rate - which is the key interest rate at which the RBI lends short-term funds to commercial banks - now stands at 6.25 per cent...
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Your Loan EMIs May Rise As These Banks Announce Hikes In Lending Rates
While Indian Bank and Karur Vysya announced up to 10 basis point hike in their MCLR or marginal cost of funds-based rates, Bank of Maharashtra signalled at an upcoming hike. Higher MCLR means higher EMIs for repaying loans.
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Latest On SBI Home Loans: Zero Processing Fee Offer Extended. Details Here
SBI had cut its interest rates on home loans and auto loans in November, 2017.
-
RBI's Big Relief For Home, Auto Loan Takers With Choice Over Interest Type
The Reserve Bank today said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate.
-
After RBI's Lending Rate Hike, Home, Auto Loans To Be Expensive
This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.
-
EMIs To Rise As RBI Hikes Interest Rate Again
Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation.
-
EMIs Set To Rise As RBI Hikes Rates; Second Increase In 5 Weeks
Home, auto, and other loans' EMIs will rise after the Reserve Bank of India on Wednesday raised its key interest rate by 50 basis points, the second increase in five weeks.
-
Credit To Medium Size Industries Grew 48.6% In October: RBI Data
Credit to medium industries saw a remarkable growth of 48.6 per cent in October 2021 size-wise compared to 20.8 per cent growth seen in October 2020
-
Mahindra Rolls Out M-Protect COVID Plan For Farmers
Under the M-Protect covid plan, Mahindra will provide its customers with a health cover of Rs. 1 lakh through a unique COVID Mediclaim policy covering the customer in case they contract COVID-19 with home quarantine benefits.
-
RBI Eases Loan Repayment Rules. How It Helps You
The Reserve Bank of India (RBI) on Friday permitted commercial banks and other financial lenders to allow borrowers to delay their loan repayments by a period of three months. The move by the regulator complemented the government's announcement of a Rs 1.7 lakh-crore fiscal package the previous day to help the poor survive the 21-day countrywide lo...
-
IDBI Bank Offers Repo-Based Lending, Bulk Deposit Rates
Festival-bound demands for home and auto loans now get cheaper with external benchmark linked rates.
-
SBI To Link Floating Rate Loans With Repo Rate: 10 Things To Know
State Bank of India (SBI), the country's largest bank, recently said that it would adopt the repo rate as external benchmark for all its floating rate-based loans from October 1. The change will impact floating rate loans for small businesses, home and retail loans, the bank said in a statement. Repo rate is the interest rate at which the Reserve B...
-
IDBI Bank Repo-Linked Retail Loans Effective From October 1
IDBI Bank had earlier said that it would introduce repo rate-linked home and auto loans with effect from September 10.
-
HDFC Bank Cuts Key Lending Rates By 10 Basis Points: Report
Indian banks largely price their MCLR benchmark loan rates according to the cost of deposits. With this cut, the bank's lending rates on products like auto or home loans may also come down.
-
State Bank Of India (SBI) Loans: Types, Features And Other Details
Housing loan, car loan, personal loan, loans against property and education loans are some of the products offered by SBI. The interest rates applicable on these loans vary, depending upon the class of loan and term, among other factors, according to SBI's website - sbi.co.in.
-
Loans May Get Cheaper As Shaktikanta Das-Led RBI Cuts Key Lending Rate
In a surprise move, the Reserve Bank of India (RBI) on Thursday reduced the repo rate by 25 basis points or 0.25 per cent. The central bank also changed its policy stance to "neutral" from "calibrated tightening". The repo rate - which is the key interest rate at which the RBI lends short-term funds to commercial banks - now stands at 6.25 per cent...
-
Your Loan EMIs May Rise As These Banks Announce Hikes In Lending Rates
While Indian Bank and Karur Vysya announced up to 10 basis point hike in their MCLR or marginal cost of funds-based rates, Bank of Maharashtra signalled at an upcoming hike. Higher MCLR means higher EMIs for repaying loans.
-
Latest On SBI Home Loans: Zero Processing Fee Offer Extended. Details Here
SBI had cut its interest rates on home loans and auto loans in November, 2017.
