RBI invites public comments on draft rules to standardise how lenders set interest ratesThe Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across variou...
RBI proposes new interest rate rules for regulated entities, seeks public commentsThe Reserve Bank of India is harmonizing interest rate determination methods for regulated entities. New guidelines will define internal be...
Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may rise after hikesBank of Baroda and Canara Bank have raised their lending rates. These banks increased their Marginal Cost of Funds Based Lending Rates by u...
Woman took a home loan at 12% interest, but Citi Bank charged up to 16.5% and recovered Rs 12.9 lakh extra; consumer commission orders refund and Rs 1 lakh compensationCiti Bank has been ordered to refund Rs 12,91,248 to a home loan borrower after the Delhi State Consumer Disputes Redressal Commission foun...
HDFC Bank cuts MCLR by 5 bps, Bank of Baroda raises 3-month rate by 10 bpsHDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by te...
Student loans, GoI reading this rightIn a groundbreaking move, the government is set to double education loan disbursals across the country, enabling greater access to higher e...
Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest listIn a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, ...
19x leverage on FCNR(B) deposits and high returns may not work for NRIs based in Singapore in this caseFCNR (B) FD: For NRIs, the potential gains from FCNR(B) deposits may be undermined by Singapore's tax policies. Interest earnings from Indi...
Same salary, different story: Why your colleague got a bigger loan than you
Mortgage rates hit highest level in over a year. Here's what it means for homebuyers in the USUS mortgage rates have climbed for five consecutive weeks, reaching a yearly high. This trend makes homeownership increasingly difficult fo...
CREDAI, NAREDCO hail RBI policy, stable home loan interest rate to help sustain housing demandRealtors welcomed the Reserve Bank of India's decision to maintain the repo rate. This stability in home loan interest rates is expected to...
RBI's status quo on rates to support housing demand, keep real estate sentiment intact: IndustryThe RBI's decision to keep the repo rate unchanged at 5.25% for the fourth straight review has received a positive response from the real e...
RBI MPC: Home loan borrowers can breathe a sigh of relief, but how long their good days will last?RBI repo rate: The Reserve Bank of India has maintained its repo rate at 5.25%, providing ongoing relief for home loan borrowers. This deci...
Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposalRBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to ha...
India's housing market splits as affordability weakens in Mumbai, NCR despite lower loan rates: ReportIndia's residential real estate market is showing mixed trends, with lower home loan rates improving buyer sentiment in many cities while a...
Personal loan vs credit card: Here's exactly when to use each one during an emergency
Bank of Maharashtra slashes home loan rates to 7% with zero processing feesBank of Maharashtra has reduced its home loan interest rate to seven percent. This special offer includes a complete waiver of processing a...