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: The Indian Express
RBI Revises Private Sector Lending Norms for Better Credit Penetration
Reserve Bank of India on September 4 released updated Priority Sector Lending (PSL) guidelines to broaden the area of beneficiaries, for better credit penetration. The statement included new categories which are worth getting loans of Rs 50 crore, including the agriculture sector. Besides, the credit limit is doubled for developing the health infrastructure of the country. RBI said that the revised… read-more
Tags: RBI, Agriculture, LOANS & INTERESTS, Agriculture sector
Courtesy: ANI
