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EV loans can be meaningfully cheaper than regular car loans, but only if you understand what’s driving the rate.
When loan rates go up, many savers assume fixed deposit rates will rise automatically. In reality, the connection is far looser than it appears at first glance.
The Reserve Bank of India has raised red flags over unethical lending. Here's how to identify and reduce your cost of borrowing.
Banks had reduced home loan rates as part of a limited period offer. These offers expired on March 31.
RBI Governor Shaktikanta Das said that it is time to formalise the linking of lending rates on new loans to external benchmarks like the repo rate.
"In line with recent decision of state government to waive stamp duty on the purchase of immovable property registered in the name of women, J&K Bank has announced reduction in rate of interest in various loan schemes to women borrowers," a spokesman of the bank said.
Personal loans has emerged as the most popular option among travelers since it is extremely easy and convenient.
“Banks have reduced lending rates, although further scope for a more complete transmission of policy impulses remains,” Urjit Patel after RBI monetary policy announcement.
Real estate experts feel that home prices have bottomed out and they are likely to move higher in the new financial year. They say that this could be one of the best times to buy your home since loan rates, too, are attractive.
In a statement, the company said the reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs).
Navin Raheja, chairman and managing director, Raheja Developers also expects the exemption limit on interest repayment to be raised from Rs 2 lakh to Rs 5 lakh.
Rajat Monga, chief financial officer & senior group president of financial markets, Yes Bank says that though the market is overreacting to the RBI‘s liquidity control measures, the bank will be affected negatively as the funding cost will go up in tandem with asset yields.
After a scorching 30% sales growth in 2010-11 (April-March) passenger car sales in India are likely to slow down to 10% in the current fiscal year, as consumers hit by increased loan rates and a sharp rise in petrol prices apply brakes on their buying plans, according to Edelweiss Securities.
