competitive rates

Can home loan rates dip below 8% with RBI reducing repo rate by 25 bps to 6%?

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Can home loan rates dip below 8% with RBI reducing repo rate by 25 bps to 6%?

The Reserve Bank of India’s Monetary Policy Committee (MPC) has announced a 25 bps reduction in repo rates to 6% from 6.25% and has also shifted its stance from ‘neutral’ to accommodative. With this, it is expected that the home loan rates might go down. So far, home loan borrowers are experiencing a positive year … Read more

Punjab National Bank tweaks loan rates in home, car, education and personal categories; check details

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Punjab National Bank tweaks loan rates in home, car, education and personal categories; check details

Punjab National Bank (PNB) updated interest rates on its retail loan portfolio effective February 10, 2025, in response to evolving market dynamics for enhanced competitiveness. This development was outlined in a press release issued by the bank on February 20, 2025. The revised rates encompass a range of loan products including home loans, auto loans, … Read more