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Total 108 results found. Search for [ repo rate based home loan ]

Results 1 to 21 of 108
BusinessToday.In
October 16, 2019
The finance minister said that while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.


BusinessToday.In
New Delhi, October 11, 2019
SBI this week cut its lending rate by 10 basis points but also slashed interest rate on retail savings accounts by 25 bps


BusinessToday.In
New Delhi, October 10, 2019
The revised MCLR for overnight tenor stands at 8.05 per cent; 8.15 per cent for one month; 8.20 per cent for three months; 8.30 per cent for six months; and 8.40 per cent for one year


BusinessToday.In
October 9, 2019
One-year MCLR, to which all retail lending rates are pegged, will come down to 8.05 per cent from Thursday, compared to 8.15 per cent currently


PTI
October 4, 2019
The Reserve Bank of India has raised the lending cap for microfinance institutions to Rs 1.25 lakh, against the earlier limit of Rs 1 lakh, to improve credit availability in rural and semi-urban areas


Anand Adhikari
October 3, 2019
Credit score will be a key determinant for charging a higher or lower interest rate over the benchmark external lending rate under the RBI-mandated repo-linked interest rate mechanism


Anand Adhikari
September 26, 2019
One good thing under the external benchmark system is that a borrower can compare the spread a bank is charging


Naveen Kumar
September 23, 2019
If you become a borrower of loan with external benchmarking, you will not depend on the bank to tell you when your interest rate will change


BusinessToday.In
September 23, 2019
Earlier in July, SBI had introduced repo-linked home loan scheme which was later withdrawn. The fresh announcement came after SBI made few modifications to the scheme to meet the terms of the latest regulatory guidelines


Anand Adhikari
New Delhi, September 18, 2019
SBI has asked the RBI if it can offer long-term home loan at a fixed rate for the first few years followed by a repo-linked floating interest rate


Renu Yadav
New Delhi, September 16, 2019
Real estate sales are yet to pick up. The market is throwing up some great deals that you can go for


BusinessToday.In
September 10, 2019
One year MCLR (marginal cost of funds-based lending rate), to which all the retail lending rates are pegged, stands at 8.15 per cent with effect from Tuesday, from 8.25 per cent earlier.


Renu Yadav
September 5, 2019
Frequent changes in interest rates may result in issues in the management of cash flows of the borrowers as EMIs may change more frequently


BusinessToday.In
New Delhi, September 4, 2019
The move will make home loans and auto loans cheaper from October onward as the banks will now be forced to pass on the multiple rate cuts the RBI has made in recent monetary policy meetings


BusinessToday.In
New Delhi, September 2, 2019
Indian Bank has announced reduction in its marginal cost of funds based lending rates (MCLRs) by 15 basis points across all tenors. The revised rates will be effective from September 3, 2019


BusinessToday.In
New Delhi, August 27, 2019
Presently, banks price their loans based on their marginal cost of funds-based lending rate (MCLR). Now, customers will have the option to select between MCLR linked rate or a repo rate linked to the external benchmark


PTI
August 23, 2019



BusinessToday.In
New Delhi, August 23, 2019
Finance Minister Nirmala Sitharaman stated that the banks have agreed to pass on the rate cuts through MCLR reduction to benefit all borrowers, old and new, alike


BusinessToday.In
New Delhi, August 23, 2019
Though Nirmala Sitharaman had earlier declined to comment on the speculations of a stimulus package, she has been meeting industry representatives for the past several days to understand their concerns


BusinessToday.In
August 19, 2019
The country's largest lender introduced repo-linked home loans for new customers from July 1, which allowed them to avail cheaper loans since the RBI slashed the repo rate by 1.1 per cent in this calendar year alone. But the benefit has not been extended to existing home loan customers yet.


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