Everything You Didn’t Know About The Repo Rate!
Repo rate, we think we know all about it, but not enough. So, here’s us shining a light or rather charging a flamethrower on some very interesting facts about it.
Tag Archives: Repo rates
How Peachy Rate Cuts Affect Your Current Loans
Extra, extra! Good news is here and there’s no need to be puzzled anymore. On 2nd June, RBI reduced the key repo rate by 25 basis points to 7.25%, the third such cut in the year. Other banks are now expected to reduce their lending rates once more. Rahul, your average IT guy, was wondering… Read More »
Factors that influence your loan rate
Banks have something called the benchmark prime lending rate, which is a reference interest rate that is used as a benchmark to determine the interest rate that is passed on to the customer. This will accordingly reflect in the EMI the borrower has to shell out to repay his loan. The interest rate that is… Read More »