Posts Tagged “Rate”

Will the SBI rate cut push property sales in 2020?

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Will the SBI rate cut push property sales in 2020?

State Bank of India (SBI), the country’s largest lender, recently cut its lending rates linked to the central bank’s repo rate by 25 basis points (bps), lowering borrowing costs for homebuyers. Most experts are of the opinion that SBI’s decision to cut home loan rates could encourage other banks to follow suit. It would also ensure…

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Rate cuts not enough to revive property market growth

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Rate cuts not enough to revive property market growth

Despite RBI slashing repo rate by 110 basis points so far this year, there would be no impact on the housing market: Reuters poll India’s liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest…

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Loan against property: Benefits, interest rate, eligibility and other details

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Loan against property: Benefits, interest rate, eligibility and other details

A mortgage loan is a secured loan so the risk of default is low as the bank or NBFC has your property with them as collateral. Due to the reduced risk, the interest rates on such loans are relatively lower. Representative Image  |  Photo Credit: Getty Images New Delhi: Loan against Property is a type of personal…

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Personal loans: Four tips to get funds at low interest rate

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Personal loans: Four tips to get funds at low interest rate

Four tips to get the best personal loan at a low interest rate (Illustration: SHYAM Kumar Prasad) Source: Tax Guru A kind of an unsecured loan, a personal loan is a handy financial tool that is easy to apply and in most cases, hassle-free to repay. However, since you don’t secure the loan with a…

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How to Get a Low Interest Rate on a Personal Loan

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How to Get a Low Interest Rate on a Personal Loan

The quicker you pay off loans, the more likely you will be seen as trustworthy to your lender. (Getty Images) The average interest rate on a two-year personal loan is 10.7 percent, according to the Federal Reserve. But depending on your credit history, income and other factors, you may be able to qualify for a rate in…

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Surprise RBI Repo Rate Cut 2019: Home Loan, Car Loan, Personal Loan EMIs to cost less – Check how you will benefit

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Surprise RBI Repo Rate Cut 2019: Home Loan, Car Loan, Personal Loan EMIs to cost less – Check how you will benefit

RBI Repo Rate Cut: After months of maintaining status quo over the key lending rate, the RBI today finally announced a Repo Rate Cut by 0.25%. The central bank had maintained the status quo in the last two Monetary Policy Committee meetings. The repo rate cut comes on the back several bonanzas announced for taxpayers in…

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