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Auto loan

RBI to hold more talks with banks on linking home, auto loans with external benchmark

In December 2018, the RBI had proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans should be linked to external benchmarks like repo rate or treasury yields, from April 1, 2019.

Apr 04, 2019, 17:22 PM IST

Banks unlikely to match RBI's rate cut any time soon

Banks are reluctant to cut deposit rates in the fiscal year`s last quarter, as they are keen to shore up their books while not losing hefty deposits.

Feb 08, 2019, 16:30 PM IST

Interest on home, auto, MSE loans to be linked to new benchmarks from April 1

The final guidelines to link the interest rate to external benchmarks will be issued by the end of this month.

Dec 06, 2018, 09:57 AM IST

New benchmarks for interest on home, auto loans from April 1, 2019

Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).

Dec 05, 2018, 23:12 PM IST

Interest rate cut: Know how it will benefit home loan borrowers

Banks switched to MCLR as their new benchmark lending rate from June last year, replacing the base rate system for new borrowers.

Aug 03, 2017, 13:59 PM IST

Banks cut down the interest rates

Banks cut down the interest rates. Watch this special segment and get to know more here.

Jan 03, 2017, 15:06 PM IST

Discussion : Flop Show of RBI after new credit policy

RBI's credit policy has made no changes in EMI and disappointed common people. Watch this special segment and get to know more here.

Dec 08, 2016, 11:52 AM IST

First RBI monetary policy review after demonetisation: Urjit Patel brings no respite to borrowers; keeps interest rates unchanged

Urjit Patel-led 6-member Monetary Policy Committee, which had in its first policy review cut interest rate by 0.25 percent in October, belied expectations to keep benchmark repo rate unchanged at 6.25 percent unanimously.

Dec 07, 2016, 14:18 PM IST

Home, auto loans set to be cheaper as RBI new Governor Urjit Patel cuts interest rates by 0.25%

In the first monetary policy review under RBI Governor Urjit Patel, the interest rate was today cut by 0.25 percent to six-year low of 6.25 percent in a unanimous decision by the new rate-setting panel MPC.

Oct 04, 2016, 15:33 PM IST

Auto loan delinquencies to improve in 2016, says Moody's

Delinquency rate in auto loan asset-backed securities (ABS) in India is set to improve in 2016 as growth prospects of the economy get getter, US-based Moody's Investors Service said today.

Mar 16, 2016, 12:34 PM IST

This week you will get good news on home, auto loan EMIs

Zee Media Bureau

Dec 03, 2015, 09:40 AM IST

Applying for auto loan? Keep these documents handy

Here are some important documents that you must keep ready if you are applying for car loan.

Sep 05, 2015, 12:05 PM IST

RBI rate cut: Auto companies happy, look to banks to pass on benefit

Auto industry welcomed RBI's move to cut key interest rate by 0.25 percentage.

Jun 02, 2015, 15:51 PM IST

RBI surprises with 0.25% rate cut; EMIs on home, auto loans to come down

In a pleasant surprise, RBI on Thursday cut its policy rate by 0.25 percent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.

Jan 15, 2015, 20:23 PM IST

CV loan stress hits new peak at 3% in Q2: India Ratings

Vintage (long maturities) CV loans defaulted faster than other vintages in the year.

Dec 06, 2013, 15:25 PM IST

Loans to become costlier as SBI raises lending rates by 0.20%

Home, auto and consumer loans are expected to become costlier with the country's largest lender State Bank of India (SBI) raising its lending rates by 0.20 percent with effect from tomorrow.

Nov 06, 2013, 13:27 PM IST

Govt's cheap loan plan can have adverse effect: Chakrabarty

Even as government plans to prop up demand through lower rates of interest for auto and consumer loans, senior-most RBI Deputy Governor K C Chakrabarty on Friday said this can have an adverse impact on their asset quality as "no one can force" lenders to selectively cut rates.

Oct 05, 2013, 18:45 PM IST

SBI says Q1 home, auto loan growth 'fairly reasonable'

The State Bank of India Monday said the nation's largest lender has had a "fairly reasonable" growth in auto and home loans so far this fiscal.

Jul 01, 2013, 15:21 PM IST

RBI policy review: Bankers rule out cut in interest rate this month

Lending rate is unlikely to be cut this month as bankers said that they will wait for further signals from RBI before lowering rates for home and auto loans.

Mar 19, 2013, 14:47 PM IST

HDFC Bank cuts auto loan rates by upto 0.5%

Taking a cue from RBI's rate cut yesterday, private sector HDFC Bank has decided to slash auto loan rates by upto 0.5 percent.

Jan 30, 2013, 15:19 PM IST