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Real estate developers and experts are disappointed with RBI's unchanges rate cut
Q: The RBI kept its policy rate on hold at 6.75%, hoping to wait until after the government's annual budget statement at the end of February.

real estate
bank of india
rbi
central banks
rbi unchanged rate cut
Latest Answer: Hi Ashish, Now we are expecting that the government would take thoughtful steps closer to the budget and provide further rate cuts to guide economic growth. The residential real estate has been the worst affected due to high interest rate and slow sales for the past couple of years. Current unsold residential inventory levels across India stands at over 6.9 lakh units and this would take more than 2.5 yrs to round off.
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As per Chief Economic Adviser RBI may reduce rates further.

bank of india
gdp
rbi governor raghuram rajan
world economic forum
world bank
davos
Latest Answer: The RBI rate cut follows decline in inflation as well as the commitment of the government to stick to the fiscal deficit target of 4.1% of the GDP in the current financial year.
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Processing charges for bank of India home loan?
Q: I am looking for a home loan (20 lakhs) from Bank of India. What are the processing charges and is there any administrative fees?

home loan
bank of india
Latest Answer: Bank of India charges 0.55% on loan amount as the processing charge, if you take home loan up to 30 lakhs. There are no administrative or any commitment charges involved.
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I want to rent my house on which I have taken the loan.
Q: Recently, I have constructed a house by availing a personal loan from Bank of India. My loan tenure period is 7yrs. I just wanted to know whether I can rent this house. Shall I inform the bank before renting this house?

bank of india
personal loan
Latest Answer: Yes, of course you can rent that house on which you have taken the loan. But before renting the house, you need to get permission from your respective bank as per the home loan agreement.
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Allahabad Rentals Rentals in Allahabad
What is the current interest rate of Bank of India?
Q: I want to take a personal loan from Bank of India for buying a flat. May I know about the current interest rate of Bank of India?

home loan
interest rate
bank of india
Latest Answer: Bank of India has set competitive interest rates for its customers. If you are taking a loan up to Rs.10 lakhs (WC/STL) , then the interest rate will be 13.50%. If you take up to Rs.10 lakhs TLN, then 14.75% will be the interest rate.
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