According to the financial experts the high rate of interest payable on unsecured loans, credit cards and other debts are the major sources of burden for the young generation. Hence, getting rid of them or clearing gradually should be the priority of every individual. We are in the age of digitalisation. Everything is available on … Continue reading “Top Tips to Lower Burden of Debts for New Generation”
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The fourth time cut in the repo rate by the RBI was a big surprise for the economy. There are several reasons behind this unexpected step taken by the MPC. The reduction in the repo rate is a direct loss of income to investors dependent on interest as a source of income. On the other … Continue reading “The Benefit of HDFC Reduced Lending Rates of 10 bps for Home Loans Borrowers”
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After the fourth time at a stretch interest rate cut in the country, the rate of interest on home loans decreased. The decreased rate on home loan is truly a monsoon bonanza for the borrowers. It is a bad news for creditors but very good news for the customers seeking home loans to buy a … Continue reading “SBI to Consider Repo-linked Home Loans for Existing Borrowers”
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RBI Monetary Policy Committee has announced an unconventional deduction of 35 basis points in the third bi-monthly policy review. The inflation rate has persistently been below the RBI limit of 4 percent and hence the deduction in the rate came is in line with the market expectations. RBI had reduced the policy rate by 75 … Continue reading “RBI Repo Rate Cut by 35 bps to 5.40% Still Maintaining Higher Lending Rate”
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Recently, RBI declared its new cut rates affecting the borrowers and investors in opposite visions. The RBI cut rate is found to be a gift to the borrowers and mere sad news for the investors. This reduction in lending rates will be definitely for the betterment of the loan taken, planned, and EMI schedules of … Continue reading “RBI’s Declared New Rate Cut Has Its Own Limitless Impact on Borrowers and Investors”
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