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car loan news

Bank of Maharashtra cuts retail loan interest rate by 25 bps

Similarly, education and other loans linked with Repo Linked Lending Rate (RLLR) has also been reduced by 25 basis points.
Published on Feb 23, 2025 02:01 pm IST

Latest festive season car loan interest rates of various banks: See full list

The interest rate on auto loans, known as annual percentage rates, or APRs, depend on a number of factors including the borrower's income, debt, credit score, car value, loan amount, the loan length, as well as the RBI's prevailing repo rate
Published on Oct 10, 2024 04:59 pm IST

Indian loan-taking to grow faster than GDP growth this year: SBI Capital Markets

Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent (Google/CollegeVested)
Published on Jul 07, 2024 04:31 pm IST

Firm owner among 5 booked for forging documents to get car loan

The accused have been identified as the owner of Omni Wheels, Kuldeep Nagar, Gautam Garg of Kuldeep Nagar, Jatinder Mohan Gupta of Atam Nagar, Paramjit Singh Channa of Phagwara and Pankhuri Ohri of Kuldeep Nagar. (iStock)
Published on Jun 21, 2024 10:43 pm IST

Loan rejected over wrong CIBIL entry, Ludhiana bank penalised 20,000

District consumer commission orders the bank to pay 20,000 to a Ludhiana resident. (Getty Images/iStockphoto)
Updated on Jan 26, 2024 09:21 pm IST

The end of an error: Bouncing back from a divorce

In Wild (2014), based on the life of writer Cheryl Strayed, Reese Witherspoon hikes solo for 1,770 km to process her divorce. Blocking your ex works too. (Shutterstock)
Updated on Jul 19, 2023 07:29 pm IST

Lokayukta to hear disaster relief fund ‘misuse’ case today

Kerala Lokayukta to hear disaster relief fund misuse case involving CM Pinaryi Vijayan. (PTI)
Updated on Apr 12, 2023 12:53 am IST

Kerala CMDRF misuse case: Lokayukta full bench to start fresh hearing tomorrow

Kerala chief minister Pinarayi Vijayan. (File Photo)
Updated on Apr 11, 2023 04:18 pm IST

SBI lowers lending rate by 15bps, loan EMIs set to ease

Existing borrowers whose loans are linked to the MCLR (marginal cost of funds based lending rate) will not see any impact on immediately considering the reset clause. For instance, a loan linked to one-year MCLR and taken out in ,say, June, could see a reset only next June.
Updated on Aug 08, 2019 09:46 am IST

Special CBI court convicts 11 for cheating Bank of Baroda of 79 Lakh

A special Central Bureau of Investigation (CBI) court has sentenced 11 persons, including the former Pimple Saudagar branch head of the Bank of Baroda
Updated on Apr 20, 2019 02:33 pm IST

Man booked for buying Audi with forged documents

Man booked for buying Audi with forged documents
Updated on Apr 11, 2019 08:16 am IST

State Bank of India cuts lending rate: Here’s how it affects you

Most SBI retail loans, including home loan, car loan and personal loans, are currently linked to one-year MCLR.
Updated on Apr 10, 2019 12:35 pm IST

Planning to take a loan for used car? 3 things you must know

Proper documentation a must: When you are buying a used car, you need to first check all the documents.
Updated on Apr 09, 2019 12:02 pm IST

RBI cuts repo rate by 25 bps for second time in 2019; loans may get cheaper

The Reserve Bank of India (RBI) announced its first policy of FY 20 on Thursday
Updated on Apr 04, 2019 01:33 pm IST

Delhi auto rickshaw driver turns robber to pay car loan; held with his gang

The arrested auto rickshaw driver allegedly formed a gang to rob people to pay off his car loan.
Updated on Feb 06, 2019 01:08 pm IST

Would you bank on a bot? In Mumbai you can

Bro is a humanoid deployed by Canara Bank, at their digital banking branch in Mumbai, who greets visitors, answers questions and signs off with a warm “Cheerio!”
Published on Sept 29, 2018 07:29 pm IST

Loans to get expensive as RBI hikes repo rate after 4 years

RBI governor Urjit Patel, at the RBI headquarters after the announcement of a 0.25 per cent rate hike by the central bank, in Mumbai on Wednesday.
Updated on Jun 07, 2018 11:35 am IST