The Reserve Bank of India is now pushing regulated entities to bring more transparency in home loan equated monthly instalments, including providing an option to borrowers to change to a fixed rate loan structure
The BankBazaar report highlights the complexities homeowners must understand arising from higher rates with falling spreads.
The rate hike will immediately affect those who have taken loans on a floating rate basis and are tied to an external benchmark, those pegged to other benchmarks would follow soon after
The interest rate on Floating Rate Savings Bonds (FRSB) is set to increase from the current 7.35 per cent to 8.05 per cent in July 2023. OLM takes a look at the historical returns to capture their future trends.
Many borrowers may be considering a fixed interest rate loan as the recurrent interest rate hikes in the repo rate-linked consumer loans pinch their pockets. Read on to learn more
The Reserve Bank of India (RBI) announced a 7.88 per cent interest rate on the government of India (GOI) floating rate bonds 2028. Here’re the pros and cons of these bonds
