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What is a Lending Rate?
What is lending rate?
How is simple interest calculated?
What are the factors that influence interest rates?
- The term for the maturity of the investment
- Government’s directive to the central bank
Latest Updates on Lending Rate
Local firms are fueling competition with global giants such Cerberus and Oaktree Capital Management
The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 per cent from 3.35 per cent,
The private sector lender had earned a net profit of Rs 132 crore in the year-ago period
The weighted average lending rate by scheduled commercial banks on fresh loans increased to 9.45 per cent in January 2024 compared to 9.32 per cent in December 2023
Repo rate remains at 6.5%; FY24 inflation forecast up at 5.4%; surprise incremental CRR move to drain out over Rs 1 trillion
'Good sustenance in home buying', says mortgage lender in statement
The revised rates will be effective from December 12
The RBI came out with the guidelines on digital lending in September and gave time until November 30 for players to comply with the 'existing loan' category
The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by customers.
Guidelines applicable to new and existing customers taking fresh loans
LIC Housing Finance increased its Prime Lending Rate by 50 basis points. With this the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent earlier.
The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)
The state-owned lender cut overnight and one-month MCLR by 25 bps to 6.90 per cent and 7 per cent
Average long-term US mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation.
Several banks have revised their lending rates based on repo and marginal cost of funds
The lending rate revision by SBI is likely to be followed by other banks in the days to come
The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent
The highest gainer was Federal Bank Ltd, which rallied 2.2% to end at Rs 104.4
State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.