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Two days after the Reserve Bank of India raised key short-term rates; HDFC Bank on Thursday became the first major lender in the country to announce a plan to raise lending rates, which will make home and car loans expensive. “There will be an increase in lending rates, both in retail and corporate sides. Most retail products, […]
In its third quarter monetary policy review, the Reserve Bank of India (RBI) on Tuesday increased key policy rates. What happened? RBI raised the repo rate, the rate at which banks borrow from the apex bank, from 6.25% to 6.50% and the reverse repo rate, the rate at which RBI borrows from the banks, from […]
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A bridging mortgage (often known as a bridge loan, caveat mortgage, or a swing mortgage) is a short term mortgage wherever from a few weeks to as much as 3 years long. A bridging loan is an interim financing for a person or business often until preparations of bigger or more lengthy-time period financing turns […]
