RBI repo rate in February 2024
RBI leaves repo rate unchanged for 6th time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
Property Trends
Tag: lending rate
Current News
HDFC Home Loan Rate: Find the Best Rates for Your Dream Home
HDFC hikes rates by 25 basis points Days after the RBI increased the repo rate by 50 basis points to bring it at 5.40%, HDFC has announced a 25-basis-point increase in its retail prime … READ FULL STORY
Home Loans
Why the recent reduction in repo rate by the RBI will not result in a reduction in home loan rates
In order to tide over temporary liquidity crunch, banks borrow from the Reserve Bank of India (RBI), against government securities. The rate at which the RBI lends money to banks, is known as the … READ FULL STORY
Current News
SBI, ICICI hike benchmark lending rates by up to 0.2 per cent
The country’s largest lender, State Bank of India (SBI), has increased its marginal cost of funds-based lending rate (MCLR), by 20 basis points across all tenors up to three years, effective September 1, 2018. … READ FULL STORY
Home Loans
External benchmarking of lending rates: How will it benefit home loan borrowers?
What is Primary Lending Rate regime After the deregulation of interest rates following the liberalisation of the economy, banks used to lend at a rate that was benchmarked against their internal rate, which was … READ FULL STORY
Current News
SBI, PNB, ICICI Bank raise lending rates
Days ahead of the Reserve Bank of India’s (RBI’s) monetary policy review, SBI, PNB and ICICI Bank, on June 1, 2018, increased their benchmark lending rates or the marginal cost of funds-based lending rate … READ FULL STORY
Current News
RBI keeps key lending rates steady, calls for more affordable housing programmes
The Reserve Bank of India (RBI), on October 4, 2017, kept interest rates unchanged as was widely expected, in view of an upward trend in inflation, even as it cut the growth forecast to … READ FULL STORY
Current News
Housing EMIs may get cheaper as RBI cuts key lending rate by 0.25%, to its lowest in 6 years
The Reserve Bank of India, on August 2, 2017, slashed its benchmark lending rate by 0.25 per cent to six per cent, citing a reduction in the upside risk to inflation. This reduction in … READ FULL STORY
Current News
Home loans to get cheaper as RBI slashes risk weight
The Reserve Bank of India (RBI), on June 7, 2017, reduced the risk weight for individual housing loans above Rs 75 lakhs, to 50 per cent from the earlier 75 per cent, while for … READ FULL STORY
Current News
RBI keeps lending rate unchanged at 6.25%
In its first monetary policy review in 2017, on February 8, the Reserve Bank of India (RBI) has decided to keep key rates unchanged. Accordingly, the repo rate at which it lends to the … READ FULL STORY
Home Loans
Manage your home loan smartly, as interest rates dive
The year 2017 has begun on a good note for home loan borrowers, with significant cuts in interest rates being announced by most banks. Experts point out that the reduction in the interest rates, … READ FULL STORY
Home Loans
Home loans based on credit rating finally arrive in India
Your credit history and credit score used to play a decisive role in determining whether you would get a home loan or not and it would stop there. You would get a home loan, … READ FULL STORY
Current News
More banks cut rates by up to 0.9%
In a move that will help bring down the cost of home, auto and other loans linked to the marginal cost of funds-based lending rate (MCLR), more banks slashed their benchmark lending rates on … READ FULL STORY
