Recent Highlights
All Stories for Auto Loans
Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
• 5 years agoAbout half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month
RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper
• 5 years agoThe Reserve Bank on Friday cut its benchmark lending rate by 0.25 percent to revive growth that has hit six-year low of 5 percent, and affirmed commitment to remain accommodative to address growth concerns 'as long as necessary'
IDBI Bank launches repo-linked home, auto loans at interest rates starting from 8.30% per annum
• 6 years agoIDBI Bank on Friday said it will offer repo-linked home and auto loans with interest rates starting from 8.30 percent per annum
Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war
Fp Staff • 6 years agoAt the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.
PSU banks to introduce home, auto loans on PSB Loans in 59 Minutes portal; move aims at expanding retail business
• 6 years agoSome of the banks including SBI, Union Bank of India, and Corporation Bank decided to extend in-principle approval to loans of up to Rs 5 crore through the portal.
Kotak Mahindra Bank Q1 consolidated net profit up 23% as provisions for bad loans decline; 'will tread cautiously in FY20', says Joint MD
• 6 years agoKotak Mahindra Bank on Monday reported a jump of 23 percent in its consolidated net profit at Rs 1,932 crore in the first quarter ended 30 June
RBI cuts interest rates to 9-year low, expects banks to quickly lower home, auto loan EMIs
• 6 years agoIn 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
Bank of Baroda slashes lending rate by 10 basis points; move will make home, auto and other loans cheaper
• 6 years agoState-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
RBI ups repo rate to 6.25% after four-and-a-half years; get ready to pay more on your home, auto loans soon
Dinesh Unnikrishnan123 • 7 years agoThe RBI's decision to hike the repo rate will soon impact the common man, as banks will start raising their lending rates.
State Bank of India reduces lending rates by 5 bps on home, vehicle loans
Ians • 7 years agoWith this reduction, State Bank of India's offering in home loan is the lowest in the market, bank claimed.