Personal loans: Impact of rate cuts on different types of loans – An explainer
1 week, 2 days ago

Personal loans: Impact of rate cuts on different types of loans – An explainer

Live Mint  

Early this year, the Reserve Bank of India is expected to cut down benchmark interest rates. This means when repo rates are cut, depositors will earn lower rates on their deposits and borrowers will be able to withdraw money at lower interest rates. Personal loan Banks generally charge interest from borrowers based on marginal cost of funds-based lending rate which constitutes components such as deposit rates, repo rates, operating costs and cash reserve ratio. So, when RBI raises repo rate and the CRR, the banks are made to incur an extra cost to be able to raise funds, thus raising cost of lending. And if that happens, the interest rate charged by banks on home loans – at floating rates -- would likely fall.

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History of this topic

Delaying cuts will lead to more growth sacrifice; RBI must deliver 0.25 pc reduction in Feb review
1 day, 2 hours ago

Delaying cuts will lead to more growth sacrifice; RBI must deliver 0.25 pc reduction in Feb review

Live Mint  

Mumbai, Jan 14 The RBI must start a rate cut cycle with a 0.25 per cent reduction in key rates at the next policy review in February, a German brokerage said on Tuesday. Delaying rate cuts will only lead to more sacrifice on growth, analysts at Deutsche Bank said, adding that the RBI also risks falling behind the curve if …

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February
1 month ago

RBI repo rate cut expectations build as CPI inflation moderates; Economists expect shallow rate-cut cycle from February

Live Mint  

India’s retail inflation in November aligned with market expectations and remained within the Reserve Bank of India’s tolerance band. Analysts anticipate that the RBI could initiate a shallow rate-cut cycle in its February 2025 policy meeting, provided inflation continues to decline. Hitesh Suvarna of JM Financial anticipates that the next step in RBI’s policy action will involve a rate cut, …

RBI cuts banks’ reserve requirements, a precursor to policy rate easing
1 month ago

RBI cuts banks’ reserve requirements, a precursor to policy rate easing

Live Mint  

We have been talking about the Reserve Bank of India easing interest rates for quite some time. In the previous policy review on 9 October, the RBI changed its stance on interest rates from “withdrawal of accommodation" to neutral. Before the 9 October review meeting, the RBI had projected CPI inflation at 4.5% in FY25. At the previous meeting on …

Home loans may become more affordable and boost the real estate sector, experts say
1 month, 1 week ago

Home loans may become more affordable and boost the real estate sector, experts say

Hindustan Times  

The Reserve Bank of India's December 2024 monetary policy decision will make home loans cheaper and benefit India's real estate sector, according to several industry experts. The central bank's monetary policy committee decided to keep the repo rate unchanged at 6.5% for the 11th consecutive time, but slashed the cash reserve ratio by 50 basis points, bringing it down to …

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden
1 month, 1 week ago

Experts ask RBI to cut interest rate to revive real estate market, ease home loan burden

Live Mint  

With the Reserve Bank of India keeping its key interest rate unchanged, real estate experts and developers have stressed the need to lower the rate, citing the need to stimulate sluggish sales and ease the growing burden of borrowing costs. “At this point, a rate cut would be more beneficial for consumers," said Shishir Baijal, chairman and managing director of …

RBI MPC Dec 2024: Repo Rate Remains Unchanged, CRR Slashed; Here's What The Experts Have To Say
1 month, 1 week ago

RBI MPC Dec 2024: Repo Rate Remains Unchanged, CRR Slashed; Here's What The Experts Have To Say

ABP News  

The Reserve Bank of India’s Monetary Policy Committee on Friday kept the status quo on key interest rates and decided to keep the repo rate unchanged at 6.5 per cent. Kaushal Agarwal, co-founder and director, The Guardians Real Estate Advisory noted, “The RBI's decision to keep the repo rate unchanged and lower the CRR shows strategic efforts to balance more …

RBI keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief
1 month, 1 week ago

RBI keeps interest rate unchanged; home loan borrowers may have to wait till 2025 for EMI relief

Hindustan Times  

The Reserve Bank of India's decision to keep its benchmark interest rate unchanged at 6.5% for the 11th consecutive time citing continued inflationary pressures means stable EMIs for homebuyers amidst rising housing prices. RBI Monetary Policy: The Reserve Bank of India's decision to keep its benchmark interest rate unchanged at 6.5% for the 11th consecutive time citing continued inflationary pressures …

Changes to India’s repo rate since June 2000
1 month, 1 week ago

Changes to India’s repo rate since June 2000

Live Mint  

MUMBAI - The Reserve Bank of India kept its key interest rate unchanged, as widely expected, retaining its focus on bringing inflation down even as global market volatility left other major central banks poised to ease policy. The monetary policy committee kept the key lending rate, or repo rate, unchanged at 6.50%, but cut the cash reserve ratio that banks …

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
1 month, 1 week ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

RBI cuts CRR to 4%: How this liquidity boost will benefit economy
1 month, 1 week ago

RBI cuts CRR to 4%: How this liquidity boost will benefit economy

India Today  

The Reserve Bank of India announced a phased reduction in the Cash Reserve Ratio by 50 basis points, lowering it to 4%. This adjustment, effective in two tranches on December 14 and 28, is expected to release approximately Rs 1.16 lakh crore into the banking system, easing liquidity constraints and supporting credit growth. Considering all these factors, we believe that …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
1 month, 1 week ago

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%

New Indian Express  

MUMBAI: The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5%, marking the 11th consecutive time the lending rate has remained steady. The RBI's Monetary Policy Committee opted against any knee-jerk reaction to the growth slowdown in the second quarter with a repo rate cut, emphasising the need to be prudent and measured in its …

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate
1 month, 1 week ago

RBI committee meeting: A cut in cash reserve ratio likely, but not in repo rate

New Indian Express  

The Reserve Bank’s rate-setting panel, the Monetary Policy Committee, begins its meeting here on Wednesday amidst a series of negative macroeconomic data surprises, with the 5.4 percent GDP growth in the second quarter being the worst. This has led many Mint Road observers and bankers to expect the monetary policy announcement on December 6 to include growth-boosting measures, such as …

Will RBI cut key interest rates on December 6? 3 things to know
1 month, 1 week ago

Will RBI cut key interest rates on December 6? 3 things to know

India Today  

As the Reserve Bank of India’s Monetary Policy Committee gears up for its December 6 meeting, market participants are weighing the likelihood of a key interest rate cut. Here are 3 things to know ahead of the upcoming RBI MPC meeting: GROWTH REMAINS UNDER PRESSURE India’s GDP growth dipped to 5.4% in Q2 FY25, a sharp decline attributed to weaker …

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!
2 months ago

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!

ABP News  

Amid the festive season, there seems to be no relief on the horizon for your EMIs. However, experts believe that the RBI is unlikely to make such a move anytime soon, as domestic inflation remains a significant concern. Although the Federal Reserve's rate cuts could have a global impact, including easing financial conditions in India, the RBI is cautious due …

RBI MPC October 2024: Central Bank Maintains Repo Rate, Keeping Home Loan EMIs Stable
3 months ago

RBI MPC October 2024: Central Bank Maintains Repo Rate, Keeping Home Loan EMIs Stable

ABP News  

The Reserve Bank of India has decided to maintain the repo rate at 6.5 per cent. After assessing the evolving macroeconomic and financial conditions and the outlook, the MPC decided by a majority of 5 out of 6 members to keep the policy repo rate unchanged at 6.50 per cent. Until then, EMIs will remain at current levels.” “The committee …

Rate cuts set to boost market confidence
3 months, 3 weeks ago

Rate cuts set to boost market confidence

China Daily  

China's top financial regulators, in a move that went beyond market expectations, unveiled a potent combination of monetary easing measures on Tuesday, aimed at anchoring market confidence and underpinning economic recovery amid domestic and global headwinds, analysts said. Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, said at a news conference on Tuesday that the …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
5 months, 1 week ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance
5 months, 1 week ago

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance

News 18  

RBI has kept the benchmark interest rate unchanged for the 9th time in a row at 6.5%. Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided to keep the repo rate unchanged. RBI MPC Meeting LIVE Updates “Inflation and growth are evolving in a balanced manner, though …

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales
9 months, 1 week ago

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales

Hindustan Times  

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. RBI MPC: Reserve Bank of India's decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. It is also expected to significantly boost overall market sentiment, pushing residential sales in the …

RBI repo rate decision: What will be impact on home loan EMIs
9 months, 1 week ago

RBI repo rate decision: What will be impact on home loan EMIs

Hindustan Times  

The Reserve Bank of India kept the repo rate steady at 6.5 percent for the seventh time in a row. This means that your home loan interest burden and equated monthly installments will remain unchanged for now. RBI repo rate decision: This means that your home loan interest burden and equated monthly installments will remain unchanged for now. Looking ahead, …

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31
9 months, 3 weeks ago

Bank of India Slashes Home Loan Rates By 15 Bps To 8.3% Until March 31

ABP News  

The Bank of India, a public sector lender, announced on Tuesday a notable adjustment in its new home loan interest rates, reducing them from 8.45 per cent to 8.3 per cent. Bank of India proudly asserted that at the reduced rate of 8.3 per cent, it stands as the institution offering the lowest rate among its counterparts in the industry. …

Piyush Goyal confident of rate cut by Reserve Bank in coming months
10 months, 3 weeks ago

Piyush Goyal confident of rate cut by Reserve Bank in coming months

The Hindu  

Commerce and Industry Minister Piyush Goyal on February 19 exuded confidence that the Reserve Bank will cut interest rates as inflation is under control. In case the Reserve Bank goes for a reduction in the key short-term lending rate, the cost of borrowings both for corporate as well as individuals, will go down, and hence EMIs. The RBI on February …

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk
11 months, 1 week ago

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk

Hindustan Times  

The Reserve Bank of India on Thursday kept its benchmark repo rate unchanged at 6.5% for the sixth straight time, staying focused on anchoring inflation and boosting growth. “Uncertainty in food prices continues to impinge on headline inflation,” RBI governor Shaktikanta Das said at a briefing in Mumbai. A hike makes borrowing expensive for businesses, limiting money supply and cooling …

Higher for longer? What's that, asks the Fed
1 year, 1 month ago

Higher for longer? What's that, asks the Fed

Live Mint  

The US 10-year bond yield has seen significant movement in the 4.5-4.9% range over the past two months. Some investors expected the Federal Reserve to begin easing monetary policy sooner on growth concerns, and were thus bidding up bond prices, causing yields to fall. Given repeated supply shocks and stimulus-induced demand growth, the central banks also feared that inflation would …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year, 1 month ago

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%

Hindustan Times  

The Reserve Bank of India on Friday maintained its benchmark repo rate at 6.5%, keeping its focus on anchoring inflation and boosting growth. Monetary policy will remain actively “disinflationary”, RBI Governor Shaktikanta Das said after a two-day meeting of the bank’s six-member monetary policy committee. He said that the central bank’s successive policy rate hikes, a reference to increases in …

RBI Governor says no interest rate cuts for now
1 year, 2 months ago

RBI Governor says no interest rate cuts for now

The Hindu  

Interest rates will remain high, and any change will depend on the way the world evolves, Reserve Bank of India Governor Shaktikanta Das said on Friday, highlighting fresh uncertainties that have emerged in the global economy in the fortnight since the latest Monetary Policy review. Referring to the recent spurt in U.S. bond yields to a record high, combined with …

Home loan interest rate spikes to 8.5%: RBI takes measures to protect the interest of loan borrowers. Details here
1 year, 3 months ago

Home loan interest rate spikes to 8.5%: RBI takes measures to protect the interest of loan borrowers. Details here

Live Mint  

Home loan interest rates have increased from around 6.5% to 8.5% in the last two years. At the time of interest rate change, the borrower to choose whether to increase EMI or loan tenor: Earlier, whenever the interest rates on home loans went up, banks increased the loan tenor. The framework will require the bank to inform the borrower at …

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer
1 year, 3 months ago

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer

News 18  

The inflation genie is not back in the bottle yet, with sub-optimal Kharif sowing in pulses and oilseeds expected to lead to an increase in dal and cooking oil prices going forward. Such weighty inflation considerations could have pushed the Reserve Bank of India to raise lending rates in its bi-monthly monetary policy review, which concluded on Friday morning. Anuj …

RBI MPC Decisions: Here's What India's Middle Class Needs To Know
1 year, 3 months ago

RBI MPC Decisions: Here's What India's Middle Class Needs To Know

News 18  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. According to him, the growth …

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?
1 year, 3 months ago

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?

News 18  

RBI MPC Meeting October 2023: Reserve Bank of India on Friday kept the report rate unchanged as was expected from many quarters of the industry. Announcing the decision, RBI Governor Shaktikanta Das said that the monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent unanimously. Overall, we believe that this momentum is projected to persist …

RBI Policy meet: Key things to watch out for
1 year, 3 months ago

RBI Policy meet: Key things to watch out for

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil the fourth monetary policy of the financial year 2023-24 on Friday, October 6, after a two-day review, as it observes the impact of global headwinds on India's macroeconomic indicators such as inflation trajectory and the growth in gross domestic product. Economists expect RBI to hold rates steady According to majority of …

How RBI policy outcome will impact home loan borrowers explained
1 year, 5 months ago

How RBI policy outcome will impact home loan borrowers explained

Live Mint  

The Reserve Bank of India has released a key proposal with the goal of improving both the flexibility and transparency of rates of interest on variable-rate loans. The framework will require Regulated Entities to clearly communicate with borrowers for resetting the tenor and/or EMI; provide options for switching to fixed-rate loans or foreclosure of loans; disclose various charges incidental to …

RBI keeps repo rate unchanged in third straight policy meet
1 year, 5 months ago

RBI keeps repo rate unchanged in third straight policy meet

Deccan Chronicle  

Mumbai: The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. RBI Governor Shaktikanta Das on Thursday at a press conference said, "Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50%" RBI typically conducts six bi-monthly …

Will Your Loan EMI Go Up From September? How Experts See RBI's BIG Meeting This Week?
1 year, 5 months ago

Will Your Loan EMI Go Up From September? How Experts See RBI's BIG Meeting This Week?

News 18  

RBI MPC Meeting August 2023: The RBI Governor-headed six-member Monetary Policy Committee’s meeting is scheduled on August 8-10. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. When the RBI repo rate increases, it becomes …

RBI policy: How will your home loan EMIs be affected by rate pause or hike?
1 year, 7 months ago

RBI policy: How will your home loan EMIs be affected by rate pause or hike?

Live Mint  

Limelight is once again back at RBI who is set to declare the second bi-monthly monetary policy decision of FY24 on June 8th. Either way, a hike or a pause, RBI's repo rate action will have an impact on your home loan EMIs. Read here: RBI Policy: MPC to begin bi-monthly monetary policy meeting today; repo rate decision on June …

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know
1 year, 9 months ago

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know

Live Mint  

Recently, there has been a massive impact in the home loan Easy Monthly Instalments due to interest rate changes in India. Proportion of interest servicing and principal repayment depends on various factors such as tenure of loan, rate of interest, part payments and number of EMI’s already paid. What it means is that the initially planned EMI of ₹ 62,551 …

RBI to raise repo rates on April 6 but future hikes undecided, says Reuters poll
1 year, 9 months ago

RBI to raise repo rates on April 6 but future hikes undecided, says Reuters poll

Live Mint  

A recent Reuters poll of economists predicts that the Reserve Bank of India will increase its primary interest rate by 25 basis points on April 6, but then keep rates unchanged for the remainder of the year while continuing to maintain its tightening stance. The poll suggests that persistently high inflation in India, which exceeded the RBI's upper tolerance limit …

‘RBI’s decision to hike repo rate will affect trade and industry’
1 year, 11 months ago

‘RBI’s decision to hike repo rate will affect trade and industry’

The Hindu  

Reserve Bank of India’s decision to increase the Repo rate by 0.25 % from 6.25 % to 6.50% would affect trade and industry, especially micro, small and medium enterprises and industrial investments, said Tamil Nadu Chamber of Commerce and Industry. In a press release, its president N. Jegatheesan said that the trade and industrial sector was shocked that the repo …

Repo rate hike: Developers watch cautiously, home buyers to pay more
1 year, 11 months ago

Repo rate hike: Developers watch cautiously, home buyers to pay more

Hindustan Times  

The Reserve Bank of India’s sixth consecutive hike in repo rate on Wednesday has made the real estate industry cautious that it may hit the housing demand and at the same time has left home buyers worried about the rising home loan EMIs. Shishir Baijal, CMD, Knight Frank India, said since the rate hike cycle began in May 2022, RBI …

Realtors see rise in home loan rates; demand for affordable, lower-to-mid-income housing may be hit
1 year, 11 months ago

Realtors see rise in home loan rates; demand for affordable, lower-to-mid-income housing may be hit

The Hindu  

The RBI's decision to raise the repo rate by 25 basis points will result in an increase in interest rates on home loans and may impact demand for affordable and lower mid-income housing segments, according to property developers and consultants. The impact of the increase on home loan interest rates would be a deterrent in the affordable housing segment, he …

RBI hikes repo rate. How will this impact your loan EMIs?
1 year, 11 months ago

RBI hikes repo rate. How will this impact your loan EMIs?

Hindustan Times  

In its first Monetary Policy statement of 2023, the Reserve Bank of India on Wednesday hiked the policy repo rate by 25 basis points to 6.5%. This was the sixth straight hike to the repo rate, which, in December last year, was raised by 35 basis points to 6.25%. The decision to raise the repo rate was approved by a …

RBI repo rate hike: How will it affect fixed deposits (FDs)?
1 year, 11 months ago

RBI repo rate hike: How will it affect fixed deposits (FDs)?

Hindustan Times  

In its first monetary policy decision after the Union Budget 2023, the Reserve Bank of India has hiked the repo rate by 25 basis points. With the raising of key benchmark interest rate by 25 basis points to 6.5 per cent, there will be a direct impact on both bank depositors and new loan borrowers. Currently, top banks, such as …

RBI Monetary Policy: Repo Rate Hike Likely To Dampen Homebuyers' Sentiment
1 year, 11 months ago

RBI Monetary Policy: Repo Rate Hike Likely To Dampen Homebuyers' Sentiment

ABP News  

As the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 per cent, the interest rate on home loans is expected to increase. "With repo rates now at 6.5 per cent, there could be some repercussions on housing uptake as home loan interest rates will head further north. When the central …

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts
1 year, 11 months ago

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts

News 18  

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %. Ratan Chaudhary, Head, Home Loans, Paisabazaar, said, “Existing home loan borrowers can either opt for the EMI increase or tenure increase option, with the consent of the lender, as …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 11 months ago

How RBI’s 25 bps repo rate hike could impact your loan EMIs

Live Mint  

As widely speculated, the Reserve Bank of India has hiked the repo rate for the sixth time in a row, by 25 bps to 6.50% with immediate effect. After the RBI's latest repo rate hike on February 8, banks are expected to raise interest rate in retail loans. So, it's of utmost importance for a common man to know how …

RBI may take repo rate to 6.75% in 2023
2 years ago

RBI may take repo rate to 6.75% in 2023

Live Mint  

The Reserve Bank of India may hike the policy repo rate to 6.75% by next year due to core inflation still being elevated and the US Federal Reserve maintaining a hawkish stance with an outlook for further rate hikes. This means, there is room for at least another 50 bps hike in India's policy repo rate going forward. He added, …

Rate rate hike impact yet to be felt in real economy: 10 pointers from RBI mins
2 years ago

Rate rate hike impact yet to be felt in real economy: 10 pointers from RBI mins

Live Mint  

RBI's minutes of the meeting have been released on Wednesday for December 2022 monetary policy. Need for monetary policy tightening: As per MPC member Dr. Shashanka Bhide, with overall domestic growth showing signs of resilience, the adverse global macroeconomic conditions require that the domestic inflation rate is at moderate levels, within the tolerance band of the inflation target on a …

Explained: How the Federal Reserve's half-point rate hike will affect American wallets
2 years, 1 month ago

Explained: How the Federal Reserve's half-point rate hike will affect American wallets

Firstpost  

The effects of the Federal Reserve raising its key interest rate several times this year have been felt by Americans. Those who save will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt As the Federal Reserve has lifted its key interest rate several times this year, Americans have seen the …

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs
2 years, 1 month ago

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs

Firstpost  

If you took a home loan at 6.75 per cent interest a few months ago, then the same loan will be available at an interest rate of 9 per cent In order to contain inflation, the Reserve Bank of India has been hiking the repo rate since May. The latest rise in repo rate will cause higher Equated Monthly Installments …

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