Tag: Home loans

RBI hikes repo rate making home loan woeful

RBI hikes repo rate making home loan woeful

Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]

Sale of Electoral Bonds, cheaper loans & 4 other major changes commencing from March 1

SBI slashes interest rate on home loans

State Bank of India has slashed interest rates on home loan starting from January 1 2017, by reducing the marginal cost of funds based lending rate (MCLR) by 90 basis points across all maturities. The home loans reduction varies for gender and amount. Home loans are linked to one-year MCLR[Read More…]

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