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 […]

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 […]