Crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme

Pushed by the Supreme Court, this interest waiver may appear to be a good relief for the borrowers; however, going by the basic method of computation, the benefit for retail borrowers appears to be marginal

You may consider taking on debt due to low interest rates, even in these uncertain times. The question is how much and in what ways

MCLR-linked home loans come with a reset period of one year, which SBI has reduced to six months. Although it is wise to go with the reduced reset period, there could be some pitfalls

Govt is in process of identifying distressed sectors to vary benefits as per the impact of hit they have taken due to COVID-19, said Solicitor General

The RBI may not extend the moratorium as an extension could impact the credit behaviour of borrowers without resolving the issues being faced by them following the outbreak of the Covid-19

India Stock Market Highlights Today: ONGC, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo were among the top gainers today, while Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among the laggards.

MSMEs body says the industry is not back on its feet yet and needs more support from the regulator to overcome the current crisis

The mortgage lender said that there will be a rate of interest of 6.90 per cent for a borrower seeking loans up to Rs 50 lakh and having a CIBIL score of 700 and above.

Burden of paying EMIs when you have suffered a job loss or a salary cut is too heavy to shoulder, in most cases putting you into a debt spiral. If it has happened with you, troubles may hit the roof if you are not careful about your credit score

While some borrowers get benefits of repo rate cuts quickly, others have to wait longer depending upon the tenure and regime of their loan

The announcement comes after the Reserve Bank of India extended moratorium on equated monthly instalments (EMIs) of loans by three months till August 31, 2020

Since gold price has increased by nearly 50 per cent in the last one year, gold loan companies are at an advantage as 'loan to value' - the ratio of money lent against the value of gold - has been reduced substantially

The extension of moratorium and deferment of EMIs would give some respite to the borrowers amid coronavirus outbreak, says SBI

Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank

RBI rate cut: The extension of moratorium on loans by three months is suited for borrowers hit by the coronavirus lockdown

Even if there is a welcome extension of the moratorium on interest repayment, it has to be repaid as it is a loan and not a grant or an interest free loan

The repo rate cut is good news for home loan, car loan or other borrowers who would soon see their EMI burden ease off

If the banks pass on the benefit and slash the marginal cost of funds based lending rates (MCLR), it may have a direct impact on the amount of equated monthly installment (EMI) customers pay for their loans

The loan moratorium has now been extended till August 31 for 6 months