Reduced EMIs for loans, vehicles by directly linking repo rates to interest rates

23 Aug 2019 06:01 PM

Reduced EMIs for loans, vehicles by directly linking repo rates to interest rates

Updated 23 Aug 2019 06:01 PM

Finance Minister: Banks have now decided to pass on any rate cut through MCLR reduction to benefit all borrowers. This will result in reduced EMIs for housing loans, vehicles and other retail loans, by directly linking repo rates to the interest rates

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