Moneycontrol
Last Updated : Dec 06, 2018 08:36 PM IST | Source: Moneycontrol.com

Editor's Take | Home loan interest rates to become more transparent

Reserve Bank of India (RBI) has proposed that floating rate home loans will be benchmarked against an external benchmark from April 1, 2019.

Moneycontrol News @moneycontrolcom

In good news for home loan borrowers Reserve Bank of India (RBI) has proposed that floating rate home loans will be benchmarked against an external benchmark from April 1, 2019. This is expected to enhance transparency for home loan customers.

RBI has suggested the use of external benchmarks such as the repo rate, 91-day Treasury bill yield or the 182-day Treasury bill yield which are produced by Financial Benchmarks India (FBIL).

To know more about the relief for homebuyers, Moneycontrol's M Saraswathy gets in conversation with Kayezad Adajania.
First Published on Dec 6, 2018 08:36 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant