SBI Hikes Home loan Rates for New Borrowers

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In the coming days, home loan borrowers may have to pay higher interest. The State Bank of India (SBI), the country’s largest government bank, has increased home loan rates by 25 basis points for new borrowers. This increase will especially affect customers whose loan depends on their credit score. Along with SBI, Union Bank of … Read more

Now Get Rs 85,000 Loan on Rs 1 lakh Gold

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The Reserve Bank of India (RBI) on Friday announced a major change in the rules for gold loans, giving relief to small borrowers. The RBI has now increased the loan-to-value (LTV) ratio from 75 percent to 85 percent for gold loans up to Rs 2.5 lakh. What does a higher loan-to-value ratio mean? This means … Read more

Small Enterprises Can Now Get MSME Credit Cards

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On February 1, Finance Minister Nirmala Sitharaman made important announcements benefiting Micro, Small, and Medium Enterprises (MSMEs). One key announcement was the introduction of credit cards specifically for MSMEs. This move aims to provide easier access to loans for small businesses and is expected to significantly benefit them. The credit cards will follow the model … Read more