Tuesday, January 29, 2013

Now Home Loan and other loans will be cheaper in Indian finance Market

As RBI has reduced the Repo Rate/CRR Rate first time in this year. This is very good news for home buyers as reduction in CRR and Repo Rate could reduce the Home Loan rates in India.Reduction in CRR will send around 16,000 crore rupees in market that banks can utilise in lending market...That could introduce more competition in lending market that will further result in lowering interest rate in the market.

For latest Base Rate for all banks please visit the website- www.loanemi.net

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