Loan Interest Rate

Credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch said.

State Bank of India has raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers.

A higher interest rate would result in loans becoming costlier and the equated monthly instalments (EMIs) rising.

The RBI's slew of rate hikes this year will help lift banks' net interest margins, but the increase will be limited as funding costs will rise faster than loan rates, Moody's Investors Service said.

RBI Repo Rate Hike: RBI's latest rate hike will weigh on already stretched household budgets as loans will get more expensive.

The equated monthly installments (EMIs) and borrowing costs on loans will get costlier as major Indian banks have raised their lending rates or will do so soon.

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.

There are a lot of things to consider when you are planning to buy a pre-owned car and finance option is one of the biggest aspects. So, here are seven things you need to know about getting a used car loan in India.

The country's largest lender State Bank of India has decided to increase its marginal cost of lending rate (MCLR) on loans by 10 basis points or 0.10 per cent effective from July 15, 2022.

A personal loan can be availed for various financial requirements, for instance, medical emergencies, higher education, international trips and marriage expenses. These loans are easy to get and come in the unsecured loan category in which a borrower doesn't need to offer any collateral. To put it simply, collateral is an item that a bank can seize...

Just a day after RBI raised the repo rates, ICICI Bank on June 9 increased its external benchmark lending rate by 50 bps to 8.60 per cent

The country's largest lender State Bank of India (SBI) has hiked the minimum interest rates for home loans to 7.55 per cent effective Wednesday.

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country's biggest lender, a sign that a recovery in Asias third-largest economy is gathering pace.

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.

The Reserve Bank of India raised its key interest rate by 50 basis points on Wednesday, taking the repo rate to 4.9 per cent, and raised its inflation projection for the current fiscal to 6.7 per cent, well above the upper-end of its target range of 2-6 per cent.

Credit demand is expected to stay robust into the next financial year if economic expansion continued, Fitch said.

State Bank of India has raised the marginal cost of funds-based lending rate (MCLR) by 15 basis points across tenors, making most consumer loans costlier for borrowers.

A higher interest rate would result in loans becoming costlier and the equated monthly instalments (EMIs) rising.

The RBI's slew of rate hikes this year will help lift banks' net interest margins, but the increase will be limited as funding costs will rise faster than loan rates, Moody's Investors Service said.

RBI Repo Rate Hike: RBI's latest rate hike will weigh on already stretched household budgets as loans will get more expensive.

The equated monthly installments (EMIs) and borrowing costs on loans will get costlier as major Indian banks have raised their lending rates or will do so soon.

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.

There are a lot of things to consider when you are planning to buy a pre-owned car and finance option is one of the biggest aspects. So, here are seven things you need to know about getting a used car loan in India.

The country's largest lender State Bank of India has decided to increase its marginal cost of lending rate (MCLR) on loans by 10 basis points or 0.10 per cent effective from July 15, 2022.

A personal loan can be availed for various financial requirements, for instance, medical emergencies, higher education, international trips and marriage expenses. These loans are easy to get and come in the unsecured loan category in which a borrower doesn't need to offer any collateral. To put it simply, collateral is an item that a bank can seize...

Just a day after RBI raised the repo rates, ICICI Bank on June 9 increased its external benchmark lending rate by 50 bps to 8.60 per cent

The country's largest lender State Bank of India (SBI) has hiked the minimum interest rates for home loans to 7.55 per cent effective Wednesday.

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country's biggest lender, a sign that a recovery in Asias third-largest economy is gathering pace.

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.

The Reserve Bank of India raised its key interest rate by 50 basis points on Wednesday, taking the repo rate to 4.9 per cent, and raised its inflation projection for the current fiscal to 6.7 per cent, well above the upper-end of its target range of 2-6 per cent.