Home loans from Indian Bank will now be available at Rs. 935 per lakh and vehicle loans at Rs. 1658 onwards, the bank said in a press release. The cut ranges between 0.10 per cent and 0.20 per cent. Effectively therefore, a Home Loan up to Rs.75.00 lakh has decreased by 0.10 per cent from […]
apply home loan Archive
April 1, 2016 6:00 pm
MCLR method to replace Base Rate for all retail loans from April 1 , 2016
From April 1st onwards, the lending rate calculation will change for home, auto or any other floating rate retail loan. The lending rate will now be linked to the Marginal Cost of Funds based Lending Rate (MCLR) instead of the Base Rate. Existing borrowers have the option of continuing with Base Rate or switch to […]