home loan borrower
The RBI has suggested that banks must effect any change in floating rate loans only at the agreed-upon reset date. This is aimed at ushering in transparent and appropriate pricing of credit, according to an RBI working group. This is good news for existing home loan borrowers. What this means is that any change in [...] Continue Reading »
With the Reserve Bank of India (RBI) raising key policy rates for the tenth time to control inflation, the base rate (the benchmark rate for all loans) and the prime lending rates (used to determine interest rate for earlier loans) have increased several times. However, while banks have raised the interest rates for their existing [...] Continue Reading »
