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EMIs on loans News

15 Jan 2015

RBI surprises with 0.25% rate cut; EMIs on home, auto loans to come down

In a pleasant surprise, RBI on Thursday cut its policy rate by 0.25 percent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers.

06 Aug 2014

RBI keeps key rates unchanged; EMIs on loans to remain same

In order to infuse additional liquidity, Rajan decreased SLR for banks by 0.50 percent to 22 percent with effect from the fortnight beginning August 9.

05 Aug 2014

No change in your EMI on loan for now as RBI keeps key rates on hold

The Reserve Bank of India on Tuesday kept interest rates steady in its bi-monthly monetary policy review due to growing concerns that disappointing monsoon rains will lead to a surge in food prices.

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