Loan Rates

Home loan relief after RBI move: HDFC Bank, PNB, BoB and others cut rates

Major lenders are lowering their loan rates, providing immediate relief to existing borrowers and improving the outlook for the retail credit market

Tackling festive debt hangover: Repay high-rate loans on priority

Curtail new discretionary spending until existing EMIs are cleared; use secured loans to clear high-cost debts

Loan rates should mirror unfinished homes' higher risk, highlight gap

Requiring banks to hold more capital for under-construction loans and less after completion would make their higher risk evident through the resulting interest-rate differential

Festival season car loans: Banks trim rates, some drop processing fees

State-owned banks' offers start at 7.6%, while private lenders mostly price loans near or above 9%

Stock Market close: Sensex gains 443 pts, Nifty at 25,091; Midcaps shine; bank, metal stocks rally

Sensex Today | Stock Market close, Monday, July 21, 2025:In the broader markets, the Nifty Midcap 100 rose 0.66 per cent, led by gains in Persistent Systems, UPL and L&T Finance

Car loan rates this July: 7.60%-14.25%, check bank-wise rates & charges

EMIs from ₹10,043 for a ₹5 lakh, 5-year loan; check July car loan rates, festive fee waivers and lender-wise charges before applying.

Repay home, car, personal loan before deadline without penalty: This is how

RBI bars bank and non-bank lenders from levying pre-payment charges on floating rate loans bought by retail customers

Lower EMIs ahead: Canara, Union Bank & IOB reduce rates by 50 bps

Canara Bank, Union Bank of India, and Indian Overseas Bank have slashed their lending rates by 50 basis points (bps) following the RBI's policy rate cut, offering borrowers potential savings.

Should you invest your bonus or prepay a loan? Use a lumpsum calculator to decide

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Latest car loan rates in India this May, starting from 8.45% per annum

Top banks are offering car loans this May starting at 8.45 per cent p.a., with EMIs from ~1,581/lakh. Compare rates, fees, and terms to find the best deal for your budget.

Unlock the Value of Your Property with a Loan Against Property

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Average Mudra loan size down in Kishore category, up in Shishu segment

Bihar leads the top five states based on the number of loan accounts sanctioned, with 5.95 crore loan accounts, followed closely by Tamil Nadu with 5.82 crore accounts

Centre releases Rs 1.11 trillion interest-free loans to states in Apr-Jan

The Centre has released about Rs 1.11 lakh crore loan to states during April-January under the scheme for special assistance to states for capital expenditure, Minister of State for Finance Pankaj Chaudhary said on Monday. In the 2024-25 Budget, Finance Minister Nirmala Sitharaman hiked the allocations for interest-free loans to states for capital expenditure, enabling states to spend more on infrastructure and specified reforms. The allocation was hiked to Rs 1.5 lakh crore, up from disbursal of Rs 1.10 lakh crore made in 2023-24. In a written reply in the Lok Sabha, Chaudhary said under the scheme for special assistance to states for capital expenditure, the Centre has approved loans worth Rs 1.22 lakh crore till January 31. Of this, about Rs 1.11 lakh crore has been released Chaudhary said out of the total allocation of Rs 1.50 lakh crore, an amount of Rs 55,000 crore under Part-I of the scheme is untied. This amount has been allocated to the states in proportion to their share o

Everything You Need to Know About Marriage Loans Before You Apply

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Cong govt spent Rs 11,200 cr on loan interest, says Himachal CM Sukhu

The present Congress government has taken Rs 28,000 crore loan in the past two years out of which over Rs 11,200 crore was spent to pay interest on loan taken by the previous governments since 1971, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Wednesday. He also said that Rs 7,800 was spent on repaying the principal amount of loan while Rs 9,000 crore on development. Speaking at a programme to mark completion of two years of Congress government in office in Bilaspur, Sukhu said that this is not a celebration "It is just a programme and we would celebrate when Himachal Pradesh becomes self-reliant in 2027," he said. The chief minister reiterated the challenges of financial crunch, worst monsoon disaster in 2023 and "political conspiracy" leading to bypolls on nine assembly seats faced by the Congress government in the past two years. Sukhu said that 75,000 tourists were rescued during the monsoon disaster last year. "I am aware of the Union government's step-moth

Microlenders under RBI lens for 'netting off' loans; all you need to know

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

PNB Housing Finance looks to grow corporate loan book starting Q3

The New Delhi-based mortgage lender previously held a substantial corporate loan portfolio but reduced its exposure due to stress in the segment

Consumption loan portfolio expands 15% to Rs 90 trillion in FY24: Report

India's consumption loan portfolio grew by 15.2 per cent year-on-year (YoY) to Rs 90.3 lakh crore as of March 2024, according to the latest credit bureau report. The fourth edition of CRIF High Mark report noted a slowdown from the 17.4 per cent growth recorded in March 2023, largely due to a deceleration in the home loans segment, which accounts for 40.1 per cent of the overall consumption loan portfolio by value. The home loans portfolio saw growth slowing down to 7.9 per cent YoY in FY24, from the 23 per cent expansion seen in FY23. This was mainly due to muted growth in "originations", which increased by 9.2 per cent in FY'24 compared to 18.2 per cent in the previous fiscal year. Origination refers to the process by which a lender creates or initiates a new loan or credit, including evaluating, processing, and approving a borrower's application. The report finds a shift toward higher ticket sizes, with a growing preference for loans above Rs 35 lakh, although the average ticket

Shaping a better tomorrow: Loan distribution set for major overhaul

The Financial Stability Report of June 2024 has it that delinquency levels among borrowers with personal loans below Rs 50,000 remain high

SBI raises MCLR by 10 basis points for all tenors; 3rd hike in 3 months

The latest increase in MCLR by SBI comes days after the RBI left the repo rate unchanged at 6.5 per cent