Cheaper Loans

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

Rahul Gandhi on Monday promised loan waiver of up to Rs 3 lakh to farmers of Gujarat, LPG cylinder at Rs 500 instead of Rs 1,000, free electricity to farmers and up to 300 units of free power to general consumers if Congress comes to power.

SBI's home loans consist of low interest charges, zero processing charges and is a first-of-its kind credit score linked home loan

It's an abrupt turnaround for a market that's spent three years in the doldrums after a prolonged shadow banking crisis strangled access to credit

The new rates will now range between 7.65-7.95 per cent

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a reduction in the repo rate to 4 per cent from the existing 4.4 per cent in a surprise move to support the economy. That marked the lowest repo rate - or the key interest rate at which the RBI lends short-term funds to commercial banks - recorded since 2000. The reduction in ...

The one-year MCLR will come down to 7.25 per cent, from the current 7.40 per cent with effect from May 10.

One-year MCLR will come down to 7.40 per cent per annum from the existing 7.75 per centfrom April 10

State Bank of India (SBI) on Friday announced a reduction in its MCLR or marginal cost of funding-based lending rates by 5 basis points across tenors, and a cut in its fixed deposit interest rates. That marked the ninth cut in the MCLR so far in the current fiscal year. The bank said the new rates for home loans and fixed deposits will take effect ...

The RBI's Monetary Policy Committee (MPC) had cut the benchmark lending rate (repo rate) by 25 bps to 5.15 per cent in October. However, after five consecutive rate cuts cumulatively amounting to 135 bps, the RBI kept the interest rates unchanged earlier this month. RBI Governor Shaktikanta Das had pointed out that against the repo rate cut of 135 ...

SBI home loan EMIs: The move marked the eight consecutive reduction in MCLR by SBI so far this financial year.

SBI home loan rates: SBI's marginal cost-based lending rate or MCLR now stands at 8 per cent for the one-year tenor, down from 8.05 per cent earlier.

SBIsaid the revision in MCLR is "in view of the festival season and extending the benefits to customers across all segments."

From October 10, the MCLR will stand reduced to 8.05 per cent for the one-year tenor, as against the existing 8.15 per cent, according to SBI's statement.

Festival-bound demands for home and auto loans now get cheaper with external benchmark linked rates.

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

Rahul Gandhi on Monday promised loan waiver of up to Rs 3 lakh to farmers of Gujarat, LPG cylinder at Rs 500 instead of Rs 1,000, free electricity to farmers and up to 300 units of free power to general consumers if Congress comes to power.

SBI's home loans consist of low interest charges, zero processing charges and is a first-of-its kind credit score linked home loan

It's an abrupt turnaround for a market that's spent three years in the doldrums after a prolonged shadow banking crisis strangled access to credit

The new rates will now range between 7.65-7.95 per cent

Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a reduction in the repo rate to 4 per cent from the existing 4.4 per cent in a surprise move to support the economy. That marked the lowest repo rate - or the key interest rate at which the RBI lends short-term funds to commercial banks - recorded since 2000. The reduction in ...

The one-year MCLR will come down to 7.25 per cent, from the current 7.40 per cent with effect from May 10.

One-year MCLR will come down to 7.40 per cent per annum from the existing 7.75 per centfrom April 10

State Bank of India (SBI) on Friday announced a reduction in its MCLR or marginal cost of funding-based lending rates by 5 basis points across tenors, and a cut in its fixed deposit interest rates. That marked the ninth cut in the MCLR so far in the current fiscal year. The bank said the new rates for home loans and fixed deposits will take effect ...

The RBI's Monetary Policy Committee (MPC) had cut the benchmark lending rate (repo rate) by 25 bps to 5.15 per cent in October. However, after five consecutive rate cuts cumulatively amounting to 135 bps, the RBI kept the interest rates unchanged earlier this month. RBI Governor Shaktikanta Das had pointed out that against the repo rate cut of 135 ...

SBI home loan EMIs: The move marked the eight consecutive reduction in MCLR by SBI so far this financial year.

SBI home loan rates: SBI's marginal cost-based lending rate or MCLR now stands at 8 per cent for the one-year tenor, down from 8.05 per cent earlier.

SBIsaid the revision in MCLR is "in view of the festival season and extending the benefits to customers across all segments."

From October 10, the MCLR will stand reduced to 8.05 per cent for the one-year tenor, as against the existing 8.15 per cent, according to SBI's statement.

Festival-bound demands for home and auto loans now get cheaper with external benchmark linked rates.