Photo: The Hindu
Be Careful, Higher Internet Rate Means Higher Risk: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das on December 12 warned depositors of chasing higher returns. Mr. Das said higher interest rates are usually associated with higher risks. ''There are institutions which are offering higher internet rates which are viable but depositors should always be very careful,'' he added. However, he praised the government for increasing insurance cover from Rs one lakh to five lakh on deposits.
Tags: RBI GOVERNOR, Higher Returns, Righer Risks, Interest Rates, Depositors
Courtesy: United News of India
Photo: Business Standard
Union Bank Of India Reduces Home Loan's Interest Rate To 6.40%
Union Bank of India announced to decrease the interest rates of Home Loans on October 26, thereby becoming the most competitive in the industry. As per sources, the interest rate now starts at 6.40%, and will be effective from October 27. Furthermore, clients applying for new loans, or wishing to transfer existing loans, including balance transfer will be eligible under the new interest rate.… read-more
Tags: Indian Banks, Bank, LOANS & INTERESTS, Home Loan, Interest Rates
Courtesy: United News Of India
Photo: Mint
HDFC To Offer Home Loans At 6.7% This Festive Season
Renu Sud Karnad, Managing Director of HDFC Ltd in a press release announced a close-ended scheme on all new home loan applications starting from September 20 to October 31 as part of a festive offer. The scheme can be availed based on the borrower's credit score. The interest rates charged will be as low as 6.7% regardless of the loan amount or employment category.
Tags: HDFC BANK, Home Loan, Interest Rates, PNB, SBI
Courtesy: Money Control
