The RBI Hikes the Home Loan Limits Under PSL By 25 percent The affordable housing segment has much to cheer about with the Reserve Bank of India (RBI) in the last week raising the home loan limits under Priority Sector Lending (PSL) by 25 percent. The RBI hikes the home […]
Home Loans
SBI Cuts Home Loan Rate To 9.1%: A Festive Bonanza For Borrowers State Bank Of India (SBI), the largest public sector lender has cut home loan rate to 9.1% per annum. SBI has reduced the home loan rate to the lowest level in six- year as part of a festive […]
RBI Cuts Repo Rate By 0.25%, Home Loans May Become Cheaper The Reserve Bank of India in its monetary policy review on Tuesday cut the repo rate by 0.25 percent to 6.25 percent from 6.50 percent. The decision to slash repo rate (the rate at which banks borrow from the […]
Published on: Apr 8, 2016 @ 22:05 Home loans and other loans are set to become cheaper in the coming months with RBI reducing the repo rate after a gap of six months by 0.25 per cent to 6.5 per cent from 6.75 per cent. Home loans and other loans are […]
Home loans are set to get cheaper with banks start implementing the new lending rate structure called marginal cost based lending rate (MCLR) from Friday. The new rate setting structure, which asks banks to price loans based on the marginal cost of deposits rather than average cost, comes into effect […]