Interest rates on home loans are steadily reducing in the current scenario where the Reserve Bank of India (RBI) has already cut the repo rate 5 times in succession. SBI (State Bank of India), the largest bank in the country, has reduced its lending rates once again for customers. SBI has lowered its Marginal Cost […]
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All India bank strike on 22nd October- Here’s how the sector will be impacted
Bank strikes are always a serious jolt for the entire sector and customers in particular. Delivery of banking services may be affected on the 22nd of October, 2019, on account of the all-India bank strike. This strike has been called by two big bank unions, namely the AIBEA (All India Bank Employees Association) and BEFI […]
Processing fees now payable on SBI home loans and top-up loans
SBI (State Bank of India) is one of the first-movers in the Indian banking sector and that too at a time when several new measures have transformed the entire ecosystem. SBI was one of the first to come up with home loans linked to the repo rate along with changing its rates of interest in […]
Understanding “PSB Loans in 59 minutes”
Retail borrowers, prior to the festive season, will be able to avail an in- principal approval for the home loans from Public Sector Banks in less than an hour. This facility will start from September on the online portal “PSB Loans in 59 minutes” and it will offer in- principal approval for retail loans. This […]
SBI may consider re launching repo rate linked home loans from 1st October
The RBI has asked the banks to link floating loan rates of borrowers to an external benchmark from the 1st of October and also link their lending rates on floating rate loans to retail, personal and MSME borrowers to an external benchmark from the same date, as announced on the 4th September. The bank has […]
