home 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 move RBI to offer fixed-floating rate home-loans: Chairman
Floating rate loans are re-set as when the interest rates fall or rise, but fixed rate loans are reset in 9-12 months.
Govt to upfront infuse Rs 70,000-cr capital into public sector banks
The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore, said FM.
Home, vehicle, other retail loans to become cheaper: FM
Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.
5 key changes in annual income tax assessment in Budget 2019
Additional income tax deduction of Rs 1.5 lakh on home loans for houses under Rs 45 lakh announced in Budget 2019.
Additional tax deduction of Rs 1.50 lakh on interest on home loans proposed
Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric vehicles.
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.
SBI to offer repo-linked home loans from July 1
According to experts, the new category of home loans linked to repo rate may see quicker transmission.