Bank interest rates - ಬಡ್ಡಿ ಇಳಿಕೆ ಲಾಭ; ಗ್ರಾಹಕನಿಗೆ ಸಿಕ್ಕಿದ್ದೆಷ್ಟು | Loans
Bank interest rates - ಬಡ್ಡಿ ಇಳಿಕೆ ಲಾಭ; ಗ್ರಾಹಕನಿಗೆ ಸಿಕ್ಕಿದ್ದೆಷ್ಟು?
Are home loan buyers benefiting from the rate cuts by the Reserve Bank of India? This video is around this subject. While the repo rate has been declined by approximately 0.75% during the first half of 2019, most home loan lenders have reduced the repo rate up to 0.30%. Some banks have made no changes in home loan interests.
Should the Prime Minister of India be requested to pass on the benefit to home loan consumers? As rightly said by one of the experts from IndianMoney.com in this video, it is a simple subject and there is no need to bring such simple subjects to the notice of the PM. The RBI has control over all banks in India. The RBI should strictly adviser all banks to pass on the benefit to home loan buyers.
The expert further says, ‘New home loan customers are likely to be benefited from the repo rate cuts but not the existing customers.’
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