Search This Website

Friday, 2 April 2021

Relief News / RBI has given a big gift to the common man in the new financial year, consumers will get so much benefit on home loan

Relief News / RBI has given a big gift to the common man in the new financial year, consumers will get so much benefit on home loan
 
 
 
 The Reserve Bank of India is bringing good news to its home dreamers in the new financial year.  These people will also benefit from the RBI's decision.  Who has taken loans from non-banking financial companies or microfinance institutions.  From the first quarter of FY2021-22, such customers will now have to pay less interest.  It will benefit new customers as well as old customers, it has taken a loan at a floating rate.

 
 Decrease in average basic points by 0.15%
 New basic points have been announced by the Reserve Bank.  This is the average base rate of the 5 largest commercial banks in the country.  The average base rate of these banks has declined by 0.15 per cent during the quarter ended March 31, 2021. The rate was earlier 7.96 per cent which has now come down to 7.81 per cent.  The average base rate has fallen by about 1.40 per cent in two years.  Which was 9.21 percent as of June 30, 2019.  Those who want to buy their own house or flat or those who have already bought will get benefit in home loan.

 
 HEALTH & BEAUTY
 Something special for having sex for a long time
 NOT DEFINED
 

 This will have an impact on home loan customer installments
 The RBI finally releases the basic base rate figures every quarter.  Which serves as a benchmark rate for NBFCs and MFIs.  NBFCs and MFIs generally have higher interest rates.  Due to which the Reserve Bank has made this special arrangement.  RBI announces average base rate of 5 major commercial banks.  Which is the benchmark rate for NBFCs and MFIs. The change in the average base rate has a direct effect on the EMI of the home loan or consumer loan.

No comments:

Post a comment

Enter Your Email Here To Get Daily Updates Via Email