The Financial Express
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2 selected videos
With Lending Rate Falling, Should You Take A Short-Term Or Long-Term Home Loan
Demonetization of higher denomination Rs 500 and Rs1,000 notes has made banks flush with deposits, which have now breached the Rs11 lakh-crore mark in one month’s time since the move came into effect. The surge in deposits made lenders like HDFC Bank, Bank of Baroda, Dena Bank and Bank of India cut their benchmark lending rates even without waiting for the RBI monetary policy meet that was held on Dec 7. Now the question everyone’s asking is: whether to opt for a short-term or long-term...
Related topics : bank loan short term / home loan interest rate hdfc
Demonetisation: Home And Car Loan EMIs Set To Fall
One positive fallout of the demonetisation move, apart from the fact that it is aimed at tackling black money and corruption menace, is that you as a consumer may benefit in the form of lower loan EMIs. With massive deposits being made in banks by people, most major banking institutions have cut their deposit rates. ICICI Bank, HDFC Bank and Canara have slashed their FD rates by up to 1 per cent. SBI has also slashed fixed deposit rates on select maturities by up to 0.15 per cent. With banks...
Related topics : car bank loan interest rate / bank loan interest rates / emi home loan sbi
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