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10 Aug 2023

BIG RELIEF For Home, Auto Loan Borrowers! To Impact Tenor, EMI --Check

Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said under the framework, to be put in place shortly, the lenders will have to clearly communicate with the borrowers about tenor and EMI.

12 Apr 2023

Canara Bank Hikes MCLR From Today; Home, Auto, Personal Loan EMIs To Go Up

Canara Bank also added that existing borrowers of the Bank shall have an option to switch over to interest rates linked to MCLR other than Fixed Rate Loans.

17 Jun 2022

Farmer applies for bank loan to buy helicopter, says farming is unaffordable

Farmers should also dream big, he said. He has applied for a loan of Rs 6.65 crore to purchase a helicopter.

State Bank of India

19 Apr 2022

SBI Home, auto loan borrowers alert! EMIs to go up, bank hikes lending rates

However, the higher EMIs will only be applicable to the borrowers who have availed loans on MCLR.

19 Oct 2021

Lowest ever auto loan rates –Latest offerings from SBI, HDFC, ICICI and more

Auto loans available at the lowest rates. Processing fee waived on auto loans. Loans up to 90 percent of the on road car price.

01 Oct 2021

ICICI Bank announces bumper festive offers on home, car and two-wheeler loan

Thousands of offers available on various brands and e-commerce platforms. Offers also available on banking products including loans, credit cards, savings and current accounts. The offers are available from today.

Shriram City Union Finance

08 Sep 2021

Shriram City Union Finance launches AI-enabled express two-wheeler loans

On-the-go digital financing option 24x7 Loan approval of up to 100% on-road price of two-wheelers No physical documents required.

09 Oct 2020

HDFC's bumper offer to rural customers on tractor, 2-wheeler, Kisan gold loans

HDFC Bank offering illustrative benefits to rural customers. Offers for retail as well as business customers. HDFC tapped over 3,000+ hyperlocal merchants and traders.

30 Sep 2020

HDFC announces bumper offers on credit cards, biz, personal, auto, home loans

50% off on the processing fees on auto, personal, biz growth loans. Zero processing fee on two-wheeler loans. Customers can avail cashback of up to Rs 7000 on Apple products.

04 Apr 2019

RBI to hold talks with banks on linking home, auto loan with benchmark rates

In December 2018, the RBI had proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans should be linked to external benchmarks like repo rate or treasury yields, from April 1, 2019.

08 Feb 2019

Banks unlikely to match RBI's rate cut any time soon

Banks are reluctant to cut deposit rates in the fiscal year`s last quarter, as they are keen to shore up their books while not losing hefty deposits.

06 Dec 2018

Interest on home, auto, personal loans to be decided by markets from April 1

The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month.

05 Dec 2018

New benchmarks for interest on home, auto loans from April 1, 2019

Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).

Reserve Bank of India

03 Aug 2017

Interest rate cut: Know how it will benefit home loan borrowers

Banks switched to MCLR as their new benchmark lending rate from June last year, replacing the base rate system for new borrowers.

03 Jan 2017

Banks cut down the interest rates

08 Dec 2016

Discussion : Flop Show of RBI after new credit policy

07 Dec 2016

First RBI monetary policy review after demonetisation: Urjit Patel brings no respite to borrowers; keeps interest rates unchanged

Urjit Patel-led 6-member Monetary Policy Committee, which had in its first policy review cut interest rate by 0.25 percent in October, belied expectations to keep benchmark repo rate unchanged at 6.25 percent unanimously.

04 Oct 2016

Home, auto loans set to be cheaper as RBI new Governor Urjit Patel cuts interest rates by 0.25%

In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25 percent to six-year low of 6.25 percent in a unanimous decision by the new rate-setting panel MPC.

16 Mar 2016

Auto loan delinquencies to improve in 2016, says Moody's

Delinquency rate in auto loan asset-backed securities (ABS) in India is set to improve in 2016 as growth prospects of the economy get getter, US-based Moody's Investors Service said today.

03 Dec 2015

This week you will get good news on home, auto loan EMIs

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