Although several repo rate cuts (the rate at which banks borrow from the central bank) was made by the Reserve Bank of India (RBI), lending rates have not witnessed a corresponding shift. Homebuyers, therefore, are often eager to know why this occurs, and how banks and housing finance companies (HFCs) charge interest rates. Below are […]
How to calculate interest rates on a home loan?more
By Abhay Shah The fifth consecutive rate cut this year by the Reserve Bank of India is in line with expectations and could probably help boost consumers’ feelings in advance of the festive season, a significant quarter for the selling of real estate. Nevertheless, real estate experts said it was not enough to help flagging […]
RBI’s fifth Repo Rate Cut may increase the real estate sales in this last quarter of the year.more
By Abhay Shah, Realty Quarter All banks have been obliged to link floating rates loan extended to retail and small businesses to the repo rate at which the lenders borrow from the RBI-or the Treasury bill rates from October 2019. The move comes in the days after banks in the public sector declared a slew of repo-linked loans after a nudge from Minister of […]
For all new housing loans, Banks are required to pass on rate cuts.more
By Abhay Shah, Realty Quarter In an effort to increase slowing economic growth in India, the finance minister lately announced a slew of projects. It is not just the real estate industry that is experiencing a slowdown in growth, but the entire economy. This has been ascribed to a number of factors, including global trade […]
Is the economic stimulus package of the Finance Minister going to revive the real estate industry?more By Shishir Baijal, Chairman & Managing Director, Knight Frank India “In light of the present economic distress in the country, we welcome the move to bring down REPO rate by 35 bps however, we would have really expected to see a more substantial cut is the need of the hour for its effective transmission to […]
35 bps rate cut welcomed but more needs to be done.more By Abhay Shah, Realty Quarter On Wednesday, the Reserve Bank of India (RBI) reduced the repo rate by 35 basis points from its present 5.75% to 5.40%. The reverse repo rate is also cut to 5.15%. Repo rate is the price at which commercial banks are provided with money from the RBI. A repo rate reduction enables banks […]
The RBI decreases its repo rate by 35 basis points, fourth consecutive time in 2019.more
By Abhay Shah, Realty Quarter In June 2019, the RBI lowered its main policy rate, and in the calendar year 2019, it did it for the third time in a row. The repo rate was reduced by approximately 0.75% by 30 June 2019. While the repo rate by the RBI has declined by 0.75% […]
The effects of the new RBI repo rate on Banks and NBFCs.more
By Abhay Harish Shah, Realty Quarter On Friday the State Bank of India (SBI), the largest mass-lender in the country, opened a unique era of customer credit transparency by connecting sales of their home financial goods with the amount used by the central bank to set a wider borrowing price in the industry. The lender said […]
From July 1st SBI home loans will be linked with the repo rate.more
By Abhay Harish Shah , Realty Quarter In the first fiscal policy of FY 2019-20, the Reserve Bank of India (RBI) cut its benchmark repo rate by 25 basis points. At Present, the repo rate remains at 6%. It kept the strategy position at nonpartisan, flagging that financing costs would stay in the stable to […]
Checkout the Home Loan interest rates and EMI offered by top 15 banks in India – April 2019.more
By Realty Quarter Bureau In the second bi-monthly monetary policy for the current fiscal, the central bank revised upwards the retail inflation range to 4.8-4.9 % in the first half of 2018-19, and 4.7 % in the second half The Reserve Bank for the first time in four-and-half-years raised key interest rate today by 25 basis […]
RBI hikes interest rate by 25 basis pointsmore