GOLD LOAN INTEREST RATES

The digital lending industry is urging the Reserve Bank of India (RBI) to reinstate short-term credit products, underscoring a clear need within the economy. Two senior executives told ET that industry representatives have sought a meeting with the ...

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 incr...

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 r...

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 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...

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 eas...

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 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: 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 pol...

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: 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.

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.

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.

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 ra...

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 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...