PERSONAL FINANCE
Indian banks raise home loan rates after RBI's repo rate hike.
On February 8, the Reserve Bank of India raised the RBI Repo Rate by 25 basis points, which caused many banks to raise the interest rates on personal, car, and home loans. Banks like Bank of Baroda, PNB, and SBI raised their loan interest rates as a result.
If you plan on taking a home loan during this period, it is crucial to be fully aware of the interest rates and processing costs charged by each bank. You can then pick a bank that offers loans at a lower interest rate. The interest rates charged by the various banks that offer house loans are listed down below.
State Bank of India (SBI) has increased the Marginal Cost of Funds Based Lending Rates (MCLR) by 0.10 percent and the Repo Rate Linked Lending Rate by 0.25 percent. However, SBI is providing loans at lower interest rates under a scheme. If the CIBIL score is 800, the loan will be available at 8.85 percent, 8.95 percent on a CIBIL score of 700-749, and 9.65 percent on a CIBIL score of 550-649.
HDFC Bank has made its loan interest rates costlier a day before the RBI increased the repo rate. If someone takes a loan up to Rs 30 lakh, they will have to pay 9 percent to 9.50 percent interest. For women, the interest rate is between 8.95 percent to 9.45 percent. For amounts above 30 lakhs and up to 75 lakhs, the interest rate ranges from 9.25 percent to 9.75 percent, and for women, it ranges from 9.20 percent to 9.70 percent.
Punjab National Bank's Max Saver offers home loans at 8.80 percent interest on an amount up to Rs 30 lakh if the CIBIL score is 800. For a CIBIL score of 700-749, the interest rate is 9 percent, and for a score of 600-699, the interest rate is 9.35 percent.
Bank of Baroda has also recently increased its MCLR rate. Its home loan interest rates start from 8.90 percent and go up to 10.50 percent. However, the interest rates for non-salaried individuals range from 8.95 percent to 10.60 percent.
Read more: RBI makes changes to NEFT and RTGS systems for FCRA transactions
Actress Ana de Armas caught kissing Cuban President Miguel Díaz-Canel’s son in viral photos
Oreshnik's Shadow: Will Russia's hypersonic missile force west to back down?
‘You’re So Beautiful’: World’s tallest woman meets world’s shortest woman over tea, pics go viral
Delhi-NCR Air Pollution: Consequences of GRAP-4 are drastic, may have adverse effects, says SC
Delhi-NCR Air Pollution: Schools likely to stay closed till..., check city-wise update
Maharashtra: 3 killed, 9 hospitalised after gas leak at fertiliser plant in Sangli
THIS farm is selling a cup of coffee for Rs 28000, but there's a twist, it is...
Chhattisgarh: 10 Maoists killed after encounter with security personnel in Sukma
Mukesh Ambani's SUPERHIT plan for Jio users, offers unlimited 5G access for 1 year for just Rs...
IND vs AUS 1st Test: KL Rahul's dismissal sparks DRS controversy in Perth Test
Dense fog, heavy rain predicted in these states till November 25; check here
Oreshnik Hypersonic Missile: Which nations are within its range?
Bihar teacher, principal reach school in drunken state; know what happened next
'I have faced a lot of...': Arjun Kapoor REVEALS his biggest fear amid break up with Malaika Arora
How millions of Indians may get affected due to US indictment of Gautam Adani in bribery case
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan says 'missing someone is okay but...'
After Bibles, watches and sneakers, Donald Trump is now selling autographed guitars, price is...
Delhi pollution: Air quality improves to ‘very poor’ category, AQI at...
Vladimir Putin's BIG threat, warns he could strike UK with new ballistic missile if...
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
Somebody misbehaved with Alia Bhatt on Highway sets then Imtiaz Ali had to...
Zomato CEO Deepinder Goyal reveals twist behind Rs 200000 job fee, closes application window
Days after Ratan Tata's demise, Tata Group's Rs 131000 crore company inks pact with ADB for...
WATCH: Woman makes Biryani with Parle-G biscuits, viral video fumes internet
Only train in India in which passengers can travel for FREE; check route, timings and more
'Justice for biryani': Parle-G biryani takes internet by storm, video goes viral
DNA TV Show: Why Gautam Adani charged with bribery and fraud in US
IND vs AUS: Records Virat Kohli can break during Border-Gavaskar Trophy
Diljit Dosanjh fans get angry over Ananya Panday's birthday post for her grandmother, here's why
Reddit suffers outage with ‘upstream connect error’ message, says 'currently investigating...'
Border-Gavaskar Trophy: How has Jasprit Bumrah fared in Tests in Australia?
Delhi records coldest night of the season, temp drops to...
Crossing the Line: Ukraine's Use of Storm Shadow Missiles and the Escalation of Conflict
When Malaika Arora talked about the controversial ‘instant pleasure’ ad, it was for…
This is the world’s most expensive shopping street, not Fifth Avenue, New Bond Street, it is...
Big setback for Gautam Adani, Kenya cancels Rs 6216 crore deal with Adani Group due to...
Viral video: Man’s jugaad to stay warm in winter will leave you SHOCKED, watch here
Hinduja Group firm gets key approval for acquisition of Anil Ambani's debt-ridden Reliance Capital
Viral video: Middle-Class man lives dream of having tea at Taj Hotel, netizens applauds
Shloka Mehta looks stunning in white floral kurta as she clicked with Akash Ambani, it costs Rs....
Who is Sagar Adani, Gautam Adani's nephew, accused of bribery, fraud charges in US?
PayPal down: Several users face issue while logging into accounts, say 'no one could...'
IND vs AUS: Jasprit Bumrah, Pat Cummins eye historic captaincy milestone in Perth Test
BGT 2024, Ind vs Aus: Can Shubhman Gill be the new Cheteshwar Pujara? Is he really ready?
The Ultimate Guide to Luxury Gifting: Discover Heirloom Pashmina by Pashmina.com
Effortless Relocations: The Perks Of Professional Removalists In Melbourne