LOAN CAPS AND INTEREST RATES
BudgET 2024: FM ushers ¡®golden era for tech-savvy youth¡¯, rolls out 50-yr interest-free loans of 1 lakh crore
FM Nirmala Sitharaman presents Interim Budget 2024, the last of the series ahead of Lok Sabha Polls 2024. BudgET 2024: FM ushers ¡®golden era for tech-savvy youth¡¯, rolls out 50-yr interest-free loans of 1 lakh crore
RBI guidelines to banks on loan charges: 'Allow retail borrowers to switch between fixed & floating rates'
Reserve Bank of India on Friday said regulated entities (REs) have the freedom and they must offer all categories of retail loans either on a fixed or floating interest rates basis. At the time of sanction of EMI-based floating rate personal lo...
Public or Private Bank: Which suits your foreign education loan needs better
Ensure your chosen college or university is accredited and on the lender's approved list before applying for an education loan. Public sector banks generally offer lower interest rates, while private lenders prioritize convenience and fast disbursal. Choose the lender that ...
Real Estate: These gimmicks from property developers may hurt while buying your dream flat
You're scrolling through your social media feed, and you come across a big advertisement from a builder promising you a great deal on their under-construction project. But be wary, as many of these offers might have a catch. Namrata Dadwal of The Economic Time...
ET Money Show: Should you prepay your loan or continue EMIs at higher interest rates?
ET Money Show: Atul Monga of Basic Home Loan joins ET NOW to discuss the major factors of prepaying a home loan.ET Money Show: Should you prepay your loan or continue EMIs at higher interest rates?
Explained: Pakistan's unending struggles for securing IMF loan, what next?
Pakistan struggles for IMF loan, What next for the Pak economy? From the hike in interest rates, inflation and debt to attempts at securing IMF loan, ET Now's Vikram Oza is here with all the detailsExplained: Pakistan's unending struggles for securing IMF loan, what next?
Home loan EMIs to go up, HDFC hikes interest rates by 30 BPS
Housing Development Finance Corporation or HDFC Ltd has announced that with effect from May 09, 2022, it has increased its Retail Prime Lending Rate (RPLR) on Housing Loans by 30 basis points. This hike is applicable for all borrowers, existing as well as new. This hike will now mean that
Editor's view: ET Now's Nikunj Dalmia shares his take on RBI's repo rate hike
RBI has hiked the repo rate by 40 bps up to 4.40% from 4% earlier. The last time repo rate was cut was in May 2020 and has been kept unchanged since then. Hike will come into effect immediately.Editor's view: ET Now's Nikunj Dalmia shares his take on RBI's repo rate hike
Home loan EMIs set to rise, Axis Bank's Rajiv Anand gives rate hike timeline
In a surprise move, Reserve Bank of India (RBI) has hiked the repo rate by 40 bps up to 4.40% from 4% earlier. It appears that borrowers should prepare for an increasing EMI burden and FD investors can hope for better returns on new FDs. Rajiv Anand of Axis Bank says home l
Buy now, Pay later: What borrowers, shoppers must know before opting
A large number of borrowers can now enjoy the short-term credit offered through BNPL even without a credit history. Before opting for such a scheme, keep in mind these 5 pointers about the buzzing money trend. Based on text by: Sanket DhanorkarBuy now, Pay later: What borrowers, sh
SBI cuts home loan interest rate to 6.7%, waives processing fees
The State Bank of India (SBI) has announced that as part of its festive season offering it will be offering credit score linked home loans at 6.7%, irrespective of the loan amount. According to a press release issued by SBI on September 16, earlier a borrower availing a loan greater th
State Bank of India (SBI) cuts home loan interest rates, offer ending on 31 March
State Bank of India (SBI) has reduced the interest rate on home loans. The Bank now offers interest concession of up to 70 basis points (bps )with interest rates starting from 6.70% onwards. This is a limited period offer ending on 31 MarchState Bank of India (SBI) cut
Want to avail low interest rates on home loans? Here are 5 ways you could go wrong
Due to the covid-led uncertainty, interest rates on home loans have never been more attractive. However, there are 5 lesser-known risks you may be signing up for if you choose to make the most of these rates and buy a house. Watch to know what these risks are and how
Loans at right interest rates is key to success of Atma Nirbhar Bharat: KV Kamath
"India has a high cost of debt due to tight correlation between interest rate and inflation. I would think that in a growing economy, there need to be other ways to combat inflation. Getting interest rate equation right is going to a key part in how we do Atma Nirbhar
Repo-linked interest rates mandatory: What does RBI's move mean for borrowers
The Reserve Bank of India (RBI) has made it mandatory for banks to link loans to retail customers and MSMEs to external interest rate benchmarks in a big push to make transmission of monetary policy more effective. Home and car loan rates, along with those for personal tra
Your loans change next month. Here's help
Major structural changes are afoot in the banking system. From 1 October, banks will move from the MCLR regime to external benchmarking. What does it mean for you?Your loans change next month. Here's help
Govt hikes EPF interest rate to 8.65% for FY18-19
The Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) has recommended increasing the interest rate on Employees' Provident Fund for 2018-19 to 8.65% as against 8.55% in the preceding year. The move, once approved by the finance ministry will benefit six crore EPFO subscri
RBI monetary policy: What the rate cut means for your money
Continuing to deliver good news for borrowers, the Reserve Bank of India (RBI) has announced another repo rate cut by 25 basis points. This is the third time in a row that the central bank has cut key rates this calendar year. Borrowers can hope for more rate cuts in the future as monetary
Watch: How MSMEs can benefit from credit bureaus for subvention of loan interests proposed in Budget 2019
Budget 2019 has announced RS 350 cr for 2% interest subvention of loans for all GST registered MSMEs. How do credit bureaus like Transunion CIBIL help Banks and MSMEs benefit from this proposal. Gayatri Nayak of The Economic Times speaks with Ha
After SBI, top lenders hike loan interest rates
Ahead of the RBI¡¯s key policy rate decision, top lenders raise their marginal cost based lending rates by at least 10 basis points.After SBI, top lenders hike loan interest rates
SBI slashes home, car loan rates
State Bank of India, the country's largest lender, has reduced its home loan rate by 5 basis points to 9.40 per cent, while the car loan interest rate will be 9.75% from May 1.SBI slashes home, car loan rates
Home loans get cheaper with new interest rate formula
With banks shifting to new interest rate formula, EMIs on home loans will fall by over Rs 300 for those who avail a Rs 50 lakh, 15-year loan.Home loans get cheaper with new interest rate formula
Watch: Three facts you must know before taking a loan
Taking a loan? Here are three most important facts you should be aware of before signing up. (ET TV)Watch: Three facts you must know before taking a loan
Rates significantly low, best time to buy property: Keki Mistry
Keki Mistry, CEO of Housing Development Finance Corporation, said home loan demand has come back after the initial hitches post demonetisation. In an interview with Shilpy Sinha, Mistry said this is the best time to buy homes as interest rates are low and property prices have seen time
Low interest rate coupled with ticket size will spur buying: Hariprakash Pandey
In an chat with ET Now, Hariprakash Pandey, Senior VP Finance, HDIL says lower interest rate coupled with ticket size is going to work out well in terms of the budget homes.Low interest rate coupled with ticket size will spur buying: Hariprakash Pandey
Interest rates may ease sharply: Spark Cap
Ganeshram Jayaraman, Head of Institutional Equities, Spark Capital said that interest rates may ease sharply going ahead and lower current account deficit will boost deposits.Interest rates may ease sharply: Spark Cap
Six home loan tax sops you didn't know about
Even if you get a discount on both, your tax bill can burn a hole unless you know the rules well. Here goes a list of six lesserknown tax benefits.Six home loan tax sops you didn't know about
'RBI's new base rate norms are complex in nature'
Ashish Parthasarthy, Head Treasurer of HDFC Bank spoke to ET Now about the change in base rate by RBI. He said that RBI's new base rate norms are complex in nature and that the company structure of each bank will be impacted differently on new norms. Check out the video for more information.'RBI's ne
Need a loan? Even a good credit score can't save you from banks' whims
Indian banks charge corporate customers based on their so-called credit rating, but they don¡¯t follow the practice in retail lending.Need a loan? Even a good credit score can't save you from banks' whims
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