Articles, tagged with "prime lending rate", page 2

HDFC hikes floating loan rates by 25 bps

HDFC hiked interest rates on floating rate home loans by 25 basis points in a move that will make loans costlier for both existing and new borrowers. In addition, a clutch of banks, including Bank of India, Oriental Bank of Commerce, Indian Overseas Bank ... Read >
Author: Deal4Loan

Banks Hikes lending rates, your EMIs to go up too

A week after the credit policy, the quarter percent rate hike is beginning to seep in. HDFC has raised its home loan rates for existing and new customers by a quarter percent. HDFC was not alone in raising rates. Other public sector undertaking (PSU) bank... Read >
Author: Deal4Loan

PSU banks Rise lending, deposit rates

Bank lending and deposit rates have begun to move up in response to the 25-basis points hike in interest rates by the Reserve Bank of India. All eyes are now on SBI which holds the key to home loan rates. On Monday, three nationalized banks -Punjab Nation... Read >
Author: Deal4Loan

Rate increase, short slippages affirmative for SBI

While net interest margins could moderate going ahead, healthy core operating performance and reasonable valuations make the scrip attractive. The country’s largest lender, State Bank of India (SBI) last week raised its base rate by 40 basis points (bp... Read >
Author: Deal4Loan

Be careful of the debt trap in New Year

Every policy rate hike by the Reserve Bank of India ( RBI )) and the corresponding interest rates hikes by banks, typically pull the conversations towards housing loans — the largest burden taken by an average person. For those who have taken a loan, the ... Read >
Author: Deal4Loan

Home loan EMIs go up for old customers

EMIs or Equated monthly installments on Home loans for customers linked to the old benchmark prime lending rate (BPLR) have gone up after two of the largest private banks - HDFC and ICICI Bank - increased their rates last week. However, customers who have... Read >
Author: Deal4Loan

Bankers regulation out immediate hike in rates

Although the Reserve Bank of India (RBI) has hiked key policy rates by 25 basis points, corporate borrowers need not worry about higher interest rates on loans, at least in the near term. Banks are unlikely to raise interest rates immediately as the incre... Read >
Author: Deal4Loan

SBI up lending rate by 10 bps to 7.6%

State Bank of India (SBI) increased base rate or the minimum lending rate for the new borrower by 10 basis points to 7.6 %, a move that would make all kinds of advances, including corporate loans, costlier. The bank has revised the base rate below which b... Read >
Author: Deal4Loan

PNB launches special scheme for Home Loan at 8.5%

State-owned Punjab National Bank has announced a festival bonanza offering home loan at 8.5 per cent, a teaser rate to attract new customer. The concessional rate of 8.5 per cent has been fixed for three years for housing loans up to Rs. 50 lakh. As pe... Read >
Author: Deal4Loan

Canara Bank BPLR rate up by 0.50 pc

As part of monetary measure, Canara Bank has revised upwards its benchmark prime lending rate (BPLR) by 50 basis points to 12.50 per cent, from 12.00 per cent with effect from August 12. The revised interest rates are, however, not applicable to the lo... Read >
Author: Deal4Loan

Home, auto and education loans get costlier for existing borrowers

Home loans, auto loans and education loans from a host of banks have become costlier for existing borrowers by up to 75 basis points, after lenders hiked interest rates in line with the RBI's hawkish policy stance. While the country's second largest pu... Read >
Author: Deal4Loan

All you need to know about base rate

What is base rate? Thebase rate(BR) is the minimum rate of interest that a bank is allowed to charge its borrowers. Unless mandated by the government, the RBI rule stipulates that no bank can offer loans at a rate lower than the BR to any of its bor... Read >
Author: ajay

Base rate: Boon for home loan borrowers

From July 1, the banking sector moved into this new interest rate regime. Prabhakar Sinha explains how it can benefit borrowers Anew interest rate regime kicked off when the country moved to the Reserve Bank of India (RBI) mandated system of base rate, ... Read >
Author: kuldeep kumar

Home Loans May Get Costlier As Lenders Withdraw Special Schemes on Wednesday

INDIA'S top lenders who have offered teaser rates on mortgages through special schemes to boost off take of loans will withdraw such schemes on Wednesday, as banks move to a new system of prices loans from July 1. The special loan schemes launched by mor... Read >
Author: kuldeep kumar

3 Important Guidelines For Securing A Low Interest Rate Car Loan

It's perfectly possible to get a low interest rate car loan online as there are plenty of auto finance lenders who offer these types of finances. By securing car finance with low loan rates, you could simply reduce your monthly auto loan payments and thus... Read >
Author: jenniferwatson

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