It is a commonly held perception that the interest rate is nothing but the cost of borrowing money in the market. Interest is charged for the services rendered by the lender and taking the underlying risk of offering money to the borrower. However, it is also in the interest (no puns intended) of the lender […]
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Should you choose a repo rate linked home loan?
The Reserve Bank of India (RBI) has certainly stirred the cat amongst the pigeons in a manner of speaking! You must know that we are referring to the recent 35 basis points cut in the repo rate by the apex bank which was the 4th such consecutive reduction of the repo rate. Now you must […]
Home loans to get cheaper once again courtesy RBI’s repo rate cut
The Reserve Bank of India (RBI) was widely expected to announce a 4th consecutive cut in repo rates and the script has played out exactly as anticipated once the MPC (Monetary Policy Committee) released its decisions. All 6 members of the committee voted for the cut in repo rates which is the fourth such consecutive […]
Is the RBI planning another rate cut soon?
The Reserve Bank of India (RBI) may set celebratory crackers bursting even before the onset of the festive season in India this year. This is because several industry experts and economists are anticipating a further cut in repo rates courtesy the apex bank of the country. In a unique trend to spark growth, the RBI […]
SBI reduces MCLR after RBI repo rate cut, more to follow
SBI (State Bank of India), the biggest lender in India, has officially confirmed a reduction in its MCLR (marginal cost of funds based lending rate) to the tune of 5 basis points. This will be valid for diverse tenors and will be effective from the 10th of April, 2019 as per reports. SBI has lowered […]
