What is a Lending Rate?

'Good sustenance in home buying', says mortgage lender in statement

The revised rates will be effective from December 12

The RBI came out with the guidelines on digital lending in September and gave time until November 30 for players to comply with the 'existing loan' category

The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by customers.

Guidelines applicable to new and existing customers taking fresh loans

LIC Housing Finance increased its Prime Lending Rate by 50 basis points. With this the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent earlier.

The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while the value of loans disbursed grew 779% y-o-y to Rs 5,554 crore ($703 mn)

The state-owned lender cut overnight and one-month MCLR by 25 bps to 6.90 per cent and 7 per cent

Average long-term US mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its key rate by three-quarters of a point in bid to tame high inflation.

Several banks have revised their lending rates based on repo and marginal cost of funds

The lending rate revision by SBI is likely to be followed by other banks in the days to come

The MPC of the central bank maintained the repo rate, or short-term lending rate, for commercial banks, at 4 per cent

The highest gainer was Federal Bank Ltd, which rallied 2.2% to end at Rs 104.4

State Bank of India (SBI) has increased benchmark lending rate or base rate by 0.1 per cent, a move that may be followed by other lenders.

State-owned Punjab National Bank (PNB) on Friday said it has slashed the repo-based lending rate by 25 basis points (bps) to 6.55 per cent.

The country's largest mortgage lender HDFC Ltd on Wednesday said it has enhanced its existing limit to raise capital through medium-term notes to up to USD 2.8 billion (about Rs 20,875.65 crore).

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Bank of Baroda, India's third-largest public-sector bank, announced a reduction in repo-linked lending rate from 7 per cent to 6.85 per cent

The RBI reduced the repo rate by 40 basis points to a historic low of 4 per cent, besides extending loan moratorium for all retail and commercial borrowers by another three months till Aug 31

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9