The Reserve Bank of India (RBI) has been taking several steps in order to revive consumer demand in a slowing economy along with boosting overall growth for Indian public sector banks in turn, aided by the Central Government. Now, the RBI has directed banks to link new floating interest rate backed loans with external benchmarks […]
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Buying a home in your early 20s- Tips and tricks worth knowing
Buying a home in the early twenties might seem like a daunting idea but actually it is not. Yes, this is the time when most people are just starting out on their careers and there are many other concerns at this point, like settling down and meeting the expenses of the family in the future, […]
Union FM announces action plan for cheaper home, auto loans
In order to reinvigorate the economy of the country and shore up market sentiment, Finance Minister Nirmala Sitharaman has announced a new course of action which includes a cut in the lending rates for borrowers. She said that the repo rate is being cut down every quarter by the Reserve Bank of India but the […]
Bank of Baroda links home loan to repo rate
The Reserve Bank of India (RBI) has possibly pulled off the biggest economic coup-de-etat that no one saw coming this year. In 2019 alone, the apex bank has cut repo rates four times in a growing bid to boost consumption and lower lending rates, particularly for home loans which represent a major growth sector for […]
Guide to successful home loan applications for self employed borrowers
There are several factors which a bank will consider before it agrees to loan you money and if one is self-employed and does not have a fixed or steady income each month, things could become a bit difficult. Banks often do not find these kinds of customers creditworthy and it becomes far more difficult for […]
