Articles, tagged with "prime lending rate", page 1
Is your home loan EMI rising?
Base rate system The base rate was introduced by the RBI to replace the opaque and ineffective Benchmark Prime Lending Rate (BPLR). Under the previous system, banks were expected to lend above their BPLR, which was based on their true cost of funds. Howev...
Mortgage Providers on Commercial loan
At other times, it may be utilized to purchase new machinery that is directly connected to the operation of the business. The commercial loan is often thought of in terms of a short term source of cash for a business. Some bankers offer its format that is...
What is Bhaskar’s bet on a visible slowdown in the economy?
“In the past, SBI PLR (prime lending rate) crossing 13.25% has usually been an indicator of an impending slowdown. (It has already crossed that mark) When car loan rates hit 15% (they are 12-13% right now), a slowdown follows soon enough. So the signals a...
Banks hike base rate – Indian Bank, PNB, OBC, BoM
The central bank raised short-term lending (repo and reverse repo to 7.25% and 6.25% respectively). RBI has asked banks to set aside more money for bad loans, increasing provisions by up to 10%. Also, interest rates on savings deposits were increased by 5...
After RBI analysis, banks lift their base rates
After the Reserve Bank of India (RBI) raised key policy rates by 50 basis points (bps), lenders have started raising their base rates (the benchmark rates for all loans). Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and YES Bank today raise...
Base rate shift and impact on loan takers!
The Reserve Bank of India (RBI) a few days ago extended the deadline to another six months (till June 30 2011) to adopt the new method for computing base rate.Base rate is not very different from the PLR. However, it will be reflective of the current ra...
Inflation Effects On Housing Prices
A Dictionary.com defines inflation in economics means as: - A substantial, persistent rise in the level of prices related to an increase in the volume of money and resulting in the loss of value of currency.
This is a very involved explanation for the...
Pay more for loans get more on deposits
If you are planning to buy something on loan, get ready to spend more. Consumer loans, including home, personal and education loans, have become slightly costly in the past month with quite a few banks raising rates. For depositors, however, this is a goo...
Earn more on deposits - Pay higher EMIs
Banks have been raising rates in past few months so the consumer loans, including home, personal and education loans have become costly. So now have to shell out more to own your dream home or any other loan you may opt for. Good news for depositors, as n...
HDFC Bank's deposit, lending rates likely to go up by 100 bps
The country's second largest private sector lender, HDFC Bank, has decided to hike fixed deposit rates by up to 100 basis points and lending rates by 50 basis points in line with industry trend. Deposit rates across select maturities will be revised upwar...
College Financial Planning
College is an important part of every education in this day and age. Companies have begun expecting those who they hire to have at least a basic college degree, and it is very hard to get a job that pays above minimum wage without one. Because college is ...
Things To Assess Previous to Signing With A Unique Home loan Financial institution
The excellent news for any person who would like to apply for a residence loan is that there is at the moment extreme levels of competition among the big banks hipoteca and thus the banks will mainly bend more than backwards to accommodate a buyer.With th...
SBI increases Interest Rates
Loans from the country's largest bank have turned more expensive with the State Bank of India revising its base rate, prime lending rate (PLR) and returns on term deposits with effect from Monday. The increase will apply to home loans under its special sc...
What you should know about your housing loan
When there is an increase in the Prime Lending Rate (PLR), the interest rate on your loan will also go up, and your repayment would be higher. However, in most cases, financial institutions would allow you to pay the fixed amount of monthly repayment (EMI...
State Bank of India stock rating: 'Buy'
State Bank of India's (SBI) Q3FY11 profit after tax was up 14% YoY at Rs 28.3 bn (10% higher than our estimate). Performance on operating parameters was significantly better than we had anticipated. Some of the positive surprises are: margin improvement o...