BIG RELIEF For Home, Auto, Other Loan Borrowers! RBI To Come With Framework Soon; To Impact Your Tenor, EMI
Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI.
Aug 10, 2023, 11:48 AM IST
Canara Bank Hikes MCLR From Today; Home, Auto, Personal Loan EMIs To Go Up
Canara Bank also added that existing borrowers of the Bank shall have an option to switch over to interest rates linked to MCLR other than Fixed Rate Loans.
Apr 12, 2023, 14:54 PM IST
“Who says only big people should have big dreams?” asks farmer who applied for loan to buy helicopter
“Who says only big people should have big dreams?" the farmer said.
Jun 17, 2022, 19:47 PM IST
SBI Home, auto loan borrowers alert! EMIs to go up, bank hikes lending rates
However, the higher EMIs will only be applicable to the borrowers who have availed loans on MCLR.
Apr 19, 2022, 12:43 PM IST
Lowest ever auto loan rates – Check latest offerings from SBI, HDFC, ICICI and more
Most of the banks have waived the processing fee on auto loans while several others are giving loans up to 90 percent of the on road price of the car.
Oct 19, 2021, 16:46 PM IST
ICICI Bank announces bumper festive offers on home, car and two-wheeler loan! Check details here
As part of the ‘Festive Bonanza’, the Bank also offers attractive benefits to retail and business customers on various banking products and services. The offers are available from October 1, 2021 onwards on various dates during the upcoming festive season.
Oct 01, 2021, 16:14 PM IST
Shriram City Union Finance launches AI-enabled express two-wheeler loans: Here is how to apply
The platform will allow instant loan approval of up to 100 percent on-road price of the two-wheelers, said the company.
Sep 08, 2021, 14:31 PM IST
HDFC Bank's bumper festive offer for rural customers – Check details on tractor, two-wheeler, Kisan gold loans
The HDFC ‘Festive Treats’ is the Bank's annual financial services dhamaka through the Government of India’s Common Service Centres (CSC) network.
Oct 09, 2020, 18:18 PM IST
HDFC Bank announces bumper offers on credit cards, business loans, personal, auto, and home loans
The Bank is offering 50 percent off on the processing fees on auto, personal loans.
Sep 30, 2020, 14:49 PM IST
RBI to hold more talks with banks on linking home, auto loans with external benchmark
In December 2018, the RBI had proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans should be linked to external benchmarks like repo rate or treasury yields, from April 1, 2019.
Apr 04, 2019, 17:22 PM IST
Banks unlikely to match RBI's rate cut any time soon
Banks are reluctant to cut deposit rates in the fiscal year`s last quarter, as they are keen to shore up their books while not losing hefty deposits.
Feb 08, 2019, 16:30 PM IST
Interest on home, auto, MSE loans to be linked to new benchmarks from April 1
The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month.
Dec 06, 2018, 09:57 AM IST
New benchmarks for interest on home, auto loans from April 1, 2019
Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).
Dec 05, 2018, 23:12 PM IST
Interest rate cut: Know how it will benefit home loan borrowers
Banks switched to MCLR as their new benchmark lending rate from June last year, replacing the base rate system for new borrowers.
Aug 03, 2017, 13:59 PM IST
Banks cut down the interest rates
Banks cut down the interest rates. Watch this special segment and get to know more here.
Jan 03, 2017, 15:06 PM IST
Discussion : Flop Show of RBI after new credit policy
RBI's credit policy has made no changes in EMI and disappointed common people. Watch this special segment and get to know more here.
Dec 08, 2016, 11:52 AM IST
First RBI monetary policy review after demonetisation: Urjit Patel brings no respite to borrowers; keeps interest rates unchanged
Urjit Patel-led 6-member Monetary Policy Committee, which had in its first policy review cut interest rate by 0.25 percent in October, belied expectations to keep benchmark repo rate unchanged at 6.25 percent unanimously.
Dec 07, 2016, 14:18 PM IST
Home, auto loans set to be cheaper as RBI new Governor Urjit Patel cuts interest rates by 0.25%
In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25 percent to six-year low of 6.25 percent in a unanimous decision by the new rate-setting panel MPC.
Oct 04, 2016, 15:33 PM IST
Auto loan delinquencies to improve in 2016, says Moody's
Delinquency rate in auto loan asset-backed securities (ABS) in India is set to improve in 2016 as growth prospects of the economy get getter, US-based Moody's Investors Service said today.
Mar 16, 2016, 12:34 PM IST
This week you will get good news on home, auto loan EMIs
Zee Media Bureau
Dec 03, 2015, 09:40 AM IST
