home loan EMIs

NEW DELHI: In a surprise move, the Reserve Bank of India's monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%, RBI governor Shaktikanta Dassaid.Repo rate is the rate at which the RBI lends to other…

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The Reserve Bank of India (RBI) will announce the decision of its bi-monthly Monetary Policy Committee on August 5. India’s central bank is expected to increase the repo rate by 25-50 basis points, according to a poll conducted by…

As the RBI’s Monetary Policy Committee (MPC) last week raised key repo rates, banks have started raising their interest rate offerings for loans and deposits. Several lenders, including ICICI Bank, HDFC and Punjab National Bank, have raised…

Interest rates on term loans such as houses, cars, and personal are linked with the external benchmark including the repo rate. When RBI's policy rate gets higher this also leads to a higher cost of funds for banks. Hence, banks…

Image Source : REPRESENTATIONAL (HDFC.COM) Home loan EMIs to go up as HDFC hikes interest rate The country's largest housing finance company HDFC, state-owned Punjab National Bank (PNB) and ICICI Bank on Wednesday announced an…