INTEREST RATE ON GOLD LOAN
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.
Gold hits record high as China-US tariff war drives safe-haven demand
Gold prices hit an all-time high above $2,848 per ounce as safe-haven demand surged following China’s response to U.S. tariffs introduced by President Trump. The intensifying trade war and inflation concerns boosted bullion as a hedge against rising prices and geopolitical unrest. Investors are also eyeing upcoming U.S. employment data for further economic insights.
Gold is on fire as Donald Trump is set to impose tariffs as early as Saturday, and prices could cross $3000; here's what analysts are saying
Spot gold reached a record of $2,817.23 per troy ounce on Friday as it entered 2025 with renewed vigour after having had its best annual performance since 2010 last year.
Gold little changed after US Fed holds rates steady
Trump's policies, which are also being perceived as inflationary, could lead to the Fed keeping rates higher for longer and diminish gold's appeal as an inflation hedge.
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
Indian banks facing margin pressure amid high interest rate and declining loan growth: S&P Global
Indian banks are experiencing margin pressure due to slowed loan growth and high interest rates. Loan growth for major banks is projected to decline to 12.3% in FY 2025, down from 22.5% previously. Despite slower profit growth, banks are focusing on retail deposits and managing bad loans, with the GNPA ratio falling to 2.6%.
Gold extends losses for 2nd day, falls Rs 160 due to sluggish demand
Gold prices declined by Rs 160 per 10 grams in the national capital on Tuesday, extending the losses to the second day due to sluggish demand from jewellers and retailers, according to the All India Sarafa Association.
Gold holds ground as traders brace for Fed rate decision
Gold prices stabilized on Tuesday as markets anticipate the Federal Reserve's first meeting of 2025. Investors are closely monitoring how President Trump's policies may influence the Fed's stance on economic growth and inflation, as well as the potential for tariff-induced inflation.
Gold inches lower as dollar rises, Fed meeting in focus
Gold prices dipped slightly as the dollar strengthened, with investors anticipating the U.S. Federal Reserve's interest rate decision later this week. The Fed is likely to maintain current rates, but Trump's economic measures may influence future decisions. Additionally, gold holdings in the SPDR Gold Trust decreased, and other precious metals like silver, palladium, and platinum also saw declines.
China cenbank conducts medium-term loan operation, rate unchanged
China's central bank completed a medium-term loan operation on Friday, maintaining the interest rate at 2.00%. The People's Bank of China allocated 200 billion yuan ($27.46 billion) in one-year medium-term lending facility loans to financial institutions, aiming to ensure adequate liquidity in the banking system. A 995 billion yuan batch of MLF loans was set to expire this month.
Gold holds near record high amid Trump policy risks
Gold remains near its record high as investors look to the Trump administration for clarity on tax and trade policies. Spot gold stabilized at $2,755.68 per ounce after peaking at $2,763.43. U.S. President Trump hinted at potential tariffs on Chinese and European imports. The Federal Reserve’s upcoming meeting may influence gold prices, with interest rates expected to remain unchanged.
Gold hits 11-week high on softer dollar, Trump policy uncertainty
Gold prices reached an 11-week high, supported by a weaker dollar and trade policy uncertainty under U.S. President Trump. Spot gold rose 0.1% to $2,748.58 per ounce, while U.S. gold futures increased by 0.1%. Trump's potential tariffs on EU and Chinese goods contributed to gold's appeal. The Federal Reserve is expected to keep interest rates steady, impacting gold's attractiveness.
Waiting for interest rate cuts on home loan to buy your dream house? Here's why a delay may not help
If you are a prospective home buyer, solely focusing on interest rate cuts to reduce your home loan EMI may not be a smart move. This is because rising property prices could potentially offset the benefits. What should your plan of action be, if you are looking to buy a property for self-use or investment purposes? Read on to know more
China leaves benchmark lending rates unchanged
China's lending rates were unchanged for the third month in a row, maintaining the one-year LPR at 3.1% and the five-year LPR at 3.6%, as the weakening yuan constrains Beijing's ability to ease monetary policy. Economic growth and banks' narrowing interest margins further limit scope for monetary easing.
A complete guide to exploring the latest gold rate for buyers and investor
Gold continues to be a popular investment in Punjab, with rates influenced by global demand, currency fluctuations, and local factors. Bajaj Finance offers gold loans as a secure option to meet financial needs without selling gold. Their competitive interest rates, fast processing, and secure storage make it a reliable choice for leveraging gold assets.
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.
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