With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.
10 Oct 2019 7:03 PM
RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.
04 Oct 2019 4:11 PM
The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.
04 Oct 2019 12:08 PM
Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.
16 Sep 2019 9:54 AM
The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore, said FM.
23 Aug 2019 8:09 PM
Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.
23 Aug 2019 7:29 PM
Additional income tax deduction of Rs 1.5 lakh on home loans for houses under Rs 45 lakh announced in Budget 2019.
08 Jul 2019 8:32 PM
Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric vehicles.
05 Jul 2019 1:38 PM
In first week of June RBI had lowered the repo rate to 5.75 per cent.
19 Jun 2019 2:20 PM
According to experts, the new category of home loans linked to repo rate may see quicker transmission.
08 Jun 2019 1:39 AM
People typically take short-term loans to repay credit card bills, medical bills or even to fund a vacation.
07 May 2019 1:20 PM
Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut.
04 Apr 2019 5:16 PM
RBI had proposed that interest rates on loans should be linked to external benchmarks like repo rate from April 1.
04 Apr 2019 3:39 PM
Taking a joint home loan with a lady co-borrower like your own wife, mother or sister can fetch alluring concessional interest rates.
27 Feb 2019 6:11 PM
Taking a home loan to fund the purchase of your house is one of the biggest financial decisions.
03 Oct 2018 1:51 AM
At Rs 1.5 trillion, the mortgage loan-book is half of the bank's overall retail loan portfolio of around Rs 3 trillion, the bank said.
04 Jul 2018 7:12 PM
A consumer's CIBIL score is a three-digit numeric summary of the credit information report.
07 May 2018 7:23 PM
At Rs 7.79 lakh crore, affordable housing accounts for 50 per cent of the overall home loans of Rs 15.8 lakh crore.
28 Feb 2018 4:43 PM
It is frequently said that buyers may be waiting for lower interest rates on home loans, especially in affordable housing segment.
29 Oct 2017 10:54 AM
If a borrower takes a 20-year loan, the consumer will get 12 of the EMIs waived off.
17 Aug 2017 4:47 PM