GOLD LOAN INTEREST RATES
Home loan gets cheaper for first time in 2 years: Should 1st time homebuyers make a move now?
RBI MPC Meeting: The Reserve Bank of India has cut the repo rate by 25 basis points, from 6.50% to 6.25%. The repo rate cut has come after the government announced zero tax on income up to Rs 12 lakh for the upcoming fiscal year 2025-26. Do the increased tax savings and lower home loan interest rates sweeten the deal for first-time homebuyers? Here is how repo rate cut can impact first time homebuyers.
Home, car, & MSME loans to get cheaper after RBI cuts policy rates first time in five years
RBI governor Sanjay Malhotra cut policy rates for the first time in five years, making loans cheaper for homes, cars, and MSMEs. This move aligns with recent tax cuts aimed at boosting consumption and economic growth. The adjustment is expected to reduce borrowing costs and enhance productivity without significantly impacting inflation.
India's 'aam aadmi' gets more than tax cuts, thanks to Malhotra & co
RBI MPC rate cute: The Reserve Bank of India has reduced the repo rate by 25 basis points to 6.25%, aimed at boosting economic growth and easing financial pressure on households. Lower EMIs and tax relief from the Union Budget provide middle-class Indians with extra disposable income, potentially increasing spending in real estate, automobiles, and retail sectors.
HDFC Bank increases lending rate by 5 bps on this tenure; check details
HDFC Bank has increased its overnight MCLR by 5 basis points to 9.20%, effective February 7, 2025, while other tenures remain unchanged. The RBI also cut the repo rate by 25 basis points, which may lead to reduced EMIs for home loan borrowers. HDFC home loan rates are linked to the Repo Rate, offering rates from 9.40% to 9.95%.
Indian banks need more than a rate cut to boost lending, bankers say
The Reserve Bank of India's first interest rate cut in nearly five years, reduced by 25 basis points to 6.25%, is unlikely to stimulate loan growth due to tight liquidity conditions. Bankers suggest liquidity constraints and the absence of a cash reserve ratio cut hinder the benefits of the rate cut from being passed on effectively.
Big relief for home loan borrowers as EMIs to fall by 1.8% on a 20 year loan tenure as RBI reduced repo rate by 25 bps
Home Loan Interest Rate: RBI has reduced the repo rate by 25 basis points, providing relief to home loan borrowers. The repo rate cut could lead to lower interest rates on floating rate home loans. Further cuts this year will depend on sustained low inflation and growth concerns. The next rate cut's timing is uncertain and will be influenced by economic factors.
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'Aakhir woh din aa hi gaya': Netizens thank RBI for another 'gift to the middle class' after 5 years, check hilarious memes
The Reserve Bank of India has cut the key interest rate by 25 basis points to 6.25%, marking the first rate cut in nearly five years. This move follows significant income tax cuts in the Union Budget 2025-26 and aims to boost economic growth and ease financial conditions.
Banks look to shift focus to MCLR-linked loans ahead of rate cuts to protect margins
Amid expectations of a softer rate cycle, several banks plan to raise the share of MCLR-linked loans to protect net interest margins from falling sharply when the RBI cuts the repo rate. This strategy aims to balance the impact while retaining customers.
Titan expects to pay more to source gold from bullion banks as supply shrinks
Titan may face higher interest rates for leasing gold as bullion banks redirect supply to the U.S. due to high premiums on gold futures. This shift is causing a supply crunch and fluid interest rates. Titan's growth outlook is uncertain amid fluctuating gold prices and potential U.S.-China trade tensions, despite strong third-quarter profits.
How latest Fed rate will affect various types of loans, your bank accounts, credit cards, and your many other investments
The latest Fed rates have stayed unchanged from the last figures after the US Federal Reserve's policymakers voted to keep things as they were, keeping a 'wait and see' approach to Donald Trump's economic policies. Here's how the latest Fed rate could affect the lives of Americans
Latest SBI MCLR from January 15, 2025: Check current SBI home loan, personal loan, car loan rates
SBI lending rates: State Bank of India (SBI) has announced the latest marginal cost of funds-based lending rates (MCLR) on loans for the period between January 15 and February 15, 2025. The latest MCLR is effective from January 15, 2024
Latest loan interest rates in January 2025: HDFC Bank, Bank of Baroda, PNB, Canara Bank, IDBI Bank
Latest loan rates in January 2025: MCLRs reflect the minimum lending rates and are adjusted based on repo rate changes and marginal cost of funding. For more details, you can visit specific bank websites or branches.
RBI loan FAQs: Can you switch from fixed to floating interest rate when RBI cuts repo rate and vice-versa?
RBI loan FAQs: Lenders are required to offer fixed interest rate options for all personal loan categories such as home loan, car loan etc. and allow borrowers to switch between floating and fixed rates, with flexibility subject to board-approved policies and charges.
Mandatory for banks to offer customers fixed interest rate product: RBI's FAQs
The Reserve Bank of India has mandated banks to provide fixed interest rate options for all equated installment based personal loans. Banks must disclose annualized interest rates and communicate changes in EMI or loan tenor during the loan tenure. This move is aimed at preventing negative amortization due to rising interest rates.
Gold loan interest rates 2025: Check full list of banks' latest interest rates on gold loans
Gold loan interest rates: For gold loans, lenders keep your gold as collateral for the duration of the loan. Lenders charge an interest and once you repay the entire loan, they return your gold jewelery.
HDFC Bank cuts lending rates on these tenures; EMIs of these loans will be lowered
HDFC Bank cuts lending rates: HDFC Bank has cut its marginal cost of funds-based lending rate (MCLR) on select tenures by up to 5 basis points (bps). The revised rates are applicable from January 7, 2025 onwards.
Now it will be difficult to take multiple personal loans due to new RBI norms
The RBI now requires lenders to update their credit records every 15 days instead of monthly, making it harder for borrowers to take multiple personal loans. The move is aimed at improving credit risk assessment and curbing over-borrowing.
Taking a home loan? Look for these factors apart from interest rate before taking a final call
Before taking a home loan, you should consider various factors such as interest rate, your monthly income and more. Know more about various parameters to keep in mind while taking a home loan in this story.
Latest lending rates in December 2024: SBI, HDFC Bank, PNB, Canara Bank, IDBI Bank
Every time the repo rate fluctuates, banks that use the marginal cost-based lending rates (MCLR) system modify their interest rates. The goal of this implementation is to increase transparency of the processes banks use to calculate loan interest rates.
Lowest home loan interest rates 2024: Check which bank is offering lowest rates for amount above Rs 75 lakh
If you are planning to avail of a home loan, then you should make sure to compare the interest rate as a lower interest rate can result in lower monthly payments. Check which bank is offering lowest rates for amount above Rs 75 lakh.
SBI MCLR from December 15, 2024: Check latest SBI MCLR, base rate here
SBI MCLR December 15, 2024: The State Bank of India (SBI) has announced its latest Marginal Cost of Funds-Based Lending Rate (MCLR) for the period December 15, 2024 to January 15, 2025. The revised MCLR, effective from December 15, 2024, will impact interest rates on various loans, including home loans and personal loans.
HDFC Bank hikes MCLR on this tenure; check latest HDFC lending rates
HDFC Bank raised its Marginal Cost of Funds-Based Lending Rate (MCLR) by up to 5 basis points for short-term loans, effective December 7, 2024. The overnight MCLR now stands at 9.20%. Know more about HDFC's lending rate for home loans and other categories in this story.
Home loan: Paving the way to your dream home
Homeownership dreams can be realized with a home loan. Understanding current interest rates, fixed or floating, is crucial. Online housing loan EMI calculators simplify financial planning by providing instant EMI estimates and amortization schedules, enabling informed borrowing decisions.
Want a personal loan? Eligibility, documents you need
Although personal loans do not need collateral, the interest amount can add a lot of strain to your finances. However, in case you need one for emergencies, here's how you can go about it.
Loan interest rates November 2024: Latest lending rates of HDFC Bank, SBI, PNB, YES Bank, Bank of Baroda, IDBI Bank
Latest lending rates : The Marginal Cost of the Fund-Based Lending Rate, or the MCLR, is the minimum interest rate a financial institution needs to charge for a specific loan. Institutions like SBI, HDFC Bank, Bank of Baroda, and IDBI Bank have increased their lending rates for certain tenures in November 2024.
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