RBI cuts repo rate to make loans cheaper and extends moratorium on loan repayments Amid the nationwide lockdown to curb the spread of deadly coronavirus, Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a reduction in the repo rate by 40 basis points from 4.4 percent to […]
Home Loan
Govt Extends Credit-Linked Subsidy Scheme For Middle-Income Group By One Year Finance Minister Nirmala Sitharaman on Thursday extended the benefit of interest subsidy on home loans under the Credit-Linked Subsidy Scheme (CLSS) for households by one year. While announcing the second tranche of PM Narendra Modi’s Rs 20 lakh crores […]
Union Budget 2020 And Its Proposals For The Real Estate Sector Union Finance Minister Nirmala Sitharaman presented the Union Budget 2020-21 on Feb.01 amid the slowdown in the realty sector. Finance Minister announced a slew of measures to boost the stressed real estate sector. The Budget continues to focus on […]
RBI Keeps The Repo Rate Unchanged At 5.15% In Its Fifth Monetary Policy Review 2019 The RBI keeps the repo rate unchanged at 5.15 percent at its bi-monthly monetary policy review on Thursday. All six-members of the Monetary Policy Committee (MPC) of the Reserve Bank Of India voted unanimously to […]
Ajay VermaAjay Verma, founder, and writer of The Housing World, a real estate and mortgage news website. He has over fifteen years of rich experience in the above-mentioned industries. www.thehousingworld.com
The RBI Cuts Repo Rate Back-To-Back By 0.25%, Loans Likely To Get Cheaper The RBI cuts repo rate by 25 basis points or 0.25 percent to 6 percent on Thursday. This is the second back-to-back rate cut in this calendar year by the six-member Monetary Policy Committee (MPC) of RBI […]
Indiabulls, HDFC, Kotak Mahindra Bank And Others Hike Home Loan Rates Post RBI’s Rate Hike With the Reserve Bank of India (RBI) recently hiking the repo rate by 25 basis points to 6.50 percent, some banks have started to pass on the burden to customers by increasing their lending rates. […]
Home Loan May Get Costlier As RBI Hikes Repo Rate Again The Reserve Bank of India (RBI) in its bi-monthly monetary policy review on Wednesday, hiked the repo rate again by 25 basis points (bps) to 6.50 percent. The RBI’s Monetary Policy Committee (MPC) hiked the repo rate for the second-consecutive […]