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New home loan takers to gain instantly from RBI cut
On an average, home loan rates are likely to fall by 25 basis points for new borrowers.
SBI to seek clarity on fixed-floating rate home loans
This comes after the RBI has mandated banks to shift retail lending to floating rates d...
Interest rates transmission improved during 2019-20, according to RBI report
This was catalysed by the mandated linking of the interest rates...
SBI hikes margin over repo rate in new loan scheme from Oct 1
The bank will charge additional spread/margin over the above mentioned rate in case of borrowers in specified situations where risk is ascertained to be higher.
External benchmarking of loan interest rates to help new borrowers: Here's how
Banks are set to move from internal benchmarks to determine floating rates of retail loans to external benchmarks specified by the central bank.
From Oct 1, all SBI floating rate loans to be linked to repo rate
The decision has come after the Reserve Bank of India (RBI) mandated all banks to link their floating rate loans to an external benchmark.
Switching to repo-linked home loans? Here's what you should know
Before switching to another bank, first check the margin that will be determined by your credit score.
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 benchm...
Indian Bank to link retail & MSME loans to RBI's repo rate from October 1
The RBI has mandated all banks to link their loans with external benchmarks, such as repo, aimed at faster transmission of rate cuts effected by it to consumers.
Andhra Bank to cut MCLR by 10 basis points across all tenors
The benchmark one-year tenor MCLR, which is used to price most of the consumer loans, has been brought down to 8.30 per cent from 8.40 per cent.
RBI to hold more talks with banks on linking home, auto loans with external benchmark
In December 2018, the RBI had proposed that floating interest rates on personal, home, auto and MSEs loans should be linked to external benchmarks from April 1, 2019.
Changes that will directly impact your personal finances starting this month
Starting October 1, there are five key changes that will have a bearing on your personal finances. ET Online's Shambhavi Mehrotra brings you...
5 rule changes that will impact your wallet from now on
Beginning October 1st, several changes have come into effect that will impact your finances and your wallets. From petrol becoming more expe...
5 changes that will impact your personal finances from October 1
Starting October 1, all I-T notices, letters or other tax-related correspondence will carry a unique number.
RBI keeps repo rate unchanged: What this means for FD investors, home loan borrowers
A status quo on rates could be good news for fixed deposit investors as banks have been continuously cutting rates on deposits for more than a year now. For borrowers though, a pause on rate cuts by the apex bank could mean that banks too will pause cutting interest rates on loans.