Latest News on Auto Loans
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Jun 06, 2019
RBI cuts interest rates to 9-year low, expects banks to quickly lower home, auto loan EMIsIn a move that may lead to lower home, auto and other loan EMIs, the RBI Thursday cut interest rates for the third time this year by 25 basis points to their lowest level in nine years and signalled more easing as it looked to support an economy growing at the slowest pace since the BJP first came to power in 2014
Mar 05, 2019
Bank of Baroda slashes lending rate by 10 basis points; move will make home, auto and other loans cheaperState-owned Bank of Baroda (BoB) on Tuesday cut benchmark lending rate by 0.1 percentage points, a move that would make home, auto and other loans cheaper
Jun 06, 2018
RBI ups repo rate to 6.25% after four-and-a-half years; get ready to pay more on your home, auto loans soonThe RBI's decision to hike the repo rate will soon impact the common man, as banks will start raising their lending rates.
Nov 02, 2017
State Bank of India reduces lending rates by 5 bps on home, vehicle loansWith this reduction, State Bank of India's offering in home loan is the lowest in the market, bank claimed.
Jul 25, 2013
Forget post-dated cheques: Now pay EMIs through electronic transfersAuto and home loan borrowers need not pay post-dated cheques towards EMIs as RBI has directed banks to collect monthly instalments through electronic mode wherever the facility for such fund transfer is available.
Jun 18, 2013
No rate cut: What new home, car buyers should doIf you are an existing home loan borrower, yesterday's Reserve Bank's policy statement might have disappointed you as it retained its policy rate. This means banks won't bother cutting interest rate on your existing home loan any time soon.
Jun 13, 2013
Why cutting interest rates will have little impact on industrial productionArray
Oct 17, 2012
SBI rings in festival season by cutting loan processing feeState Bank of India announced a reduction in their processing fee on home and auto loans by 50 percent for loans. This offer is applicable to those loan which will be availed from October 17 to December 31, 2012.
Oct 09, 2012
SBI sees early signs of credit pick-up as corporates seek fundsState Bank of India today said it is witnessing early signs of revival in credit growth as mid-corporates have started seeking fresh funds.
Sep 07, 2012
Auto loan rate cuts; how to buy a car?Banks are cutting rates on retail loans and auto companies are offering festival discounts in their bid to ramp up their sagging sales during the festival season. Is there a better time to book your dream four-wheeler?