Latest Answer: RBI repo rate policy will be very helpful in terms of availing bank loan with lower interest rates and EMI part will also make a difference if you choose long term repayment plan
Latest Answer: Very Good morning Vineet ji,
It is seen last month that Prime Minister Narendra Modi unwrap many incentives to boost start-up businesses, offering them a tax holiday and inspector raj-free system for 3 yrs, capital gains tax exemption and Rs 10000 crore corpus to fund them.
Q:SBI may have cut its base lending rate by 40 bps to 9.3% following RBI's latest policy rate cut, but the actual reduction in housing loan rate will be a maximum of only 20 bps.
Latest Answer: Hi Rakshit,
The Maxgain loan is a home loan structured as an overdraft. In this loan category, the borrower is not charged any interest for any surplus that the borrower charge in a current account linked to the loan. For a Maxgain loan above Rs 1 crore, interest has been revised to 9.75% for women and 9.8% for men.
Q:Good news for realty player!!!! The repo rate cut by the central bank could signal the beginning of the change for real estate industry that has been hit by slowing sales and a massive liquidity crisis over the past 2 years.
Latest Answer: As per Pankaj Kapoor, managing director of property research firm Liases Foras, pointed out that in cities like Mumbai and Bengaluru, where there is higher end-user demand, marginal improvement in sales could come in faster. But the National Capital Region will take time.
In addition, property prices are expected to be motionless for the next year or two, which will help in repairing the affordability gap that exists in most markets today.
Latest Answer: Hi, yes The Reserve Bank has passed order to banks to scrap penalty on pre-payment of all retail and small corporate loans and do away with fines for failure to maintain minimum balance. spokesperson said that since these loans are on floating rate of interest there is no justification of pre payment charges.