Auto Loans

Entry level two-wheeler segment will bounce back in the coming quarters: Hero MotoCorp CEO

While Hero MotoCorp will continue to bet on the commuter segment in the long run, the overall market will start looking up as government spending and the resulting jobs and incomes push up demand for two-wheelers.

HDFC Bank’s Mega Car Loan Mela offers innovative EMI options, which one should you choose?

HDFC Bank is hosting the mega car loan mela on June 2 and 3 in central India and Maharashtra. The bank is offering customers two flexible repayment options – step-up and balloon. Moneycontrol looks into the pros and cons.

These 10 banks offer the cheapest car loans

These banks offer interest rates of 7.65-8.2 percent on Rs 10-lakh car loans with seven-year repayment tenures

SBI relaunches repo-linked home, auto loans with modifications from Oct 1

The lender has also voluntarily extended the benchmark to micro and small enterprises from October 1

Time to 'formalize' linking of new loans to repo rate, says RBI Governor Shaktikanta Das

Das said that banks have responded positively to linking interest rates to external benchmark but the process needs to be faster.

Bank of India cuts MCLR by 25 basis points from August 10

Union Bank of India also said that it expects MCLR to ease by 15 basis points going ahead. It plans to link its home and auto loan portfolios to RBI's repo rate, as against MCLR presently.

Bajaj Finance Q1 shows good form, but weakening macro calls for caution, buy only on dips

Demand for auto loans eases, lending to sector remains cautious: Kotak Mahindra Bank

While the repayments in auto loans remained largely unaffected, the bank said it would watch the segment closely for any stress going ahead as the situation may worsen if the slowdown led to job cuts.

SBI cuts base rate to 9.10% post merger

For new borrowers, the MCLR or the marginal cost based lending rate which was last reduced in January to 8 percent for a one-year loan and 8.15 percent for three-year loans, remains unchanged.

After dangal with demonetization, 100% auto loans to fuel sales

Everybody is now going for finance with very few choosing cheque or an online option. People are now scared that making any down payment, even if it is cheque, could attract scrutiny of the income tax department, says an auto dealer

Bank of Baroda to expedite loan sanction process

The bank is transforming through digitalisation and has sanctioned home loans in record six days, the bank's General Manager P Narasimha Rao said at a function here.

Banks not passing on RBI policy rate benefits: Cong in RS

Raising the issue in the Zero Hour, a Congress member in Rajya Sabha said the RBI has reduced the repo rate by 150 basis, but banks have only passed on the benefit to the consumers in the range of 60-70 basis points.

Will MCLR based rate calculation make personal loans cheaper

Those opting for short-tenor loans will see a substantial gain in the interest outflow.

Vijaya Bank expects 40% growth in retail advances

The bank has shown phenomenal growth in the retail sector, especially in housing and vehicle segments, and growth is expected between 35-40 percent during the current financial year, Vijaya Bank CEO and MD Kishore Sansi said.

Here's what determines the construct of interest rate

CNBC-TV18 has highlighted so many dynamics of the financial markets but the one thing that regular investors feel more acutely is changes in interest rates. Here's a discussion to help you understand: The construct of interest rate

Ownership cost of automobiles to go up: SIAM

S Sandilya, President, SIAM believes that another 25-50 basis point increase in interest rates will not make significant impact as interest rates are already very high. He stressed for auto sector to do well economy has to improve which will require infrastructure spending and other growth boosting initiative

Sharp increase in credit applications: CIBIL

The demand for loans for various products including home and auto loans from banks and other financial institutions in India has shown a sharp increase of 150 percent since 2010, according credit information agency CIBIL.

Here's what to expect from Axis Bank Q1 earnings

India's third largest private sector lender Axis Bank's first quarter (April-June) net profit is expected to rise 21 percent year-on-year to Rs 1,398 crore. Net interest income (NII or the difference between interest earned and paid out), may grow 26 percent to Rs 2,744, according to an average of poll estimate.