auto loans
6 public sector banks cut lending rates by up to 0.25 per cent
With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.
Loans to become cheaper after RBI cuts interest rate to a decade low
RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.
RBI cuts repo rate by 0.25 per cent to support growth
The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.
SBI to offer home loans on basis of repo rate
In first week of June RBI had lowered the repo rate to 5.75 per cent.
RBI cuts interest rate by 25 basis points; loan EMIs likely to fall
Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut.
RBI to hold talks with banks on linking home, auto loans with external benchmark
RBI had proposed that interest rates on loans should be linked to external benchmarks like repo rate from April 1.
Auto loans likely to face downside risks on weak CV demand
country's GDP to slow down to 7 percent in FY20, may limit demand for commercial vehicles: FITCH Ratings
Uptick in economic growth positive for Indian asset backed loans: Moody's
It supports the ability of borrowers to earn income and repay their loans.