To whom are these reduced rates applicable The reduction in State Bank of India’s (SBI’s) rates, is not as widely applicable, as is made out to be. It is not that the home loans … READ FULL STORY
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
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
The state-run Bank of Baroda (BoB) reduced its home loan rates by 70 basis points to 8.35% – the lowest across the industry and will be applicable for customers having a strong CIBIL score. … READ FULL STORY
The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. … READ FULL STORY
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
Prime minister Narendra Modi’s new year’s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank … READ FULL STORY
Taking a cue from State Bank of India, other lenders including India’s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost … READ FULL STORY
Private sector lender ICICI Bank announced a cut of 0.10% in its marginal cost of funds based lending rate (MCLR) across tenors. This was followed by a similar move by the country’s largest lender, … READ FULL STORY
The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India (RBI) Governor Urjit Patel, on October 4, 2016, unanimously voted to reduce the repo rate or the short-term rate at which the … READ FULL STORY
