In the recent Monetary Policy Committee (MPC) meeting, held On December 5, 2019, the Reserve Bank of India (RBI) announced to maintain the status quo on policy rates at 5.15%. Shaktikanta Das, the RBI Governor who headed the 5th bi-monthly MPC meeting, also announced to keep the monetary stance unchanged as accommodative as long as necessary….
The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India has once again reduced repo rate by 25 basis points (bps). Earlier the repo rate was 5.40%. And after the rate cut, it has been reduced to 5.15%, which is the lowest since March 2010. In its 4th bi-monthly policy review meeting, the…
The Reserve Bank of India (RBI) has asked all banks to link their loan products to key repo rates or external benchmarks. The move will come into effect from 1 October 2019.
Union Budget 2019: 1.95 crore houses will be built under Pradhan Mantri Awas Yojana (PMAY) from the financial year 2020 to 2022.
Union Budget 2019: Home loan tax benefit has increased from Rs. 2 lakh to Rs. 3.5 lakh. Homebuyers can avail the benefit till March 2020.
The State Bank of India (SBI) announced to link its home loan products to repo rate. From July 1, customers will have the option to avail repo rate-linked home loans. The bank will continue to offer MCLR-linked home loans along with the repo rate-linked home loan products. The new product will be slightly different from…
Home loans may become cheaper as RBI slashes repo rate by 25 bps. The repo rate has reduced from 6.00% to 5.75%.
28 March 2019 – On Thursday, ICICI Bank launched two instant home loan products – Instant Home Loan and Insta Top Up Loan.
SBI Slashes Home Loan Rates by 5 Basis Points and SBI Reduced Home Loan Balance Transfer Processing Fee to Zero.
Piramal Capital & Housing Finance Ltd. (PCHFL) has recently introduced their customized home loan product named as ‘AdvantAGE’. This home loan product enables its customers to take parent-child joint home loan.