As per RBI’s proposal, banks can link their lending rates with an external benchmark instead of the MCLR.
Interest rates have increased by 200-400 basis points versus a year ago, dealers said.
Higher than normal rate cut is a signal for banks to cut lending rates aggressively before festive season.
Here is the list of 10 assets against which you can take a loan instead of depending on personal loans.
Reverse mortgage enables senior citizens to convert their one big asset —their home—into a source of regular income without giving up ownership.
Lenders will reject your loan application if your debt obligations exceed 50% of your income.
Home extension loans are cheaper than home loans. Any individual can apply for a home extension loan from a bank or finance company individually or jointly.
It is important to time the loan refinancing in such a way that saving on interest payable is maximised.
Interest payout on home loans is usually high, but with prudent planning borrowers can reduce it.
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