WHAT IS A LENDING RATE?
Lending Rate
What is lending rate?
Lending rate or interest rate is the amount charged by lenders for a certain period as a percentage of the amount lent or deposited. The total interest on the amount or the principal sum is determined by the duration of time over which the amount is deposited or lent.
Most loans use simple interest. However, some also use compound interest, which includes interest on the principal amount as well as on the previously accumulated interests.
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WHAT IS A LENDING RATE?
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LIC Housing Finance raises lending rates by 35 bps, cites market conditions
'Good sustenance in home buying', says mortgage lender in statement| December 26, 2022, Monday -
Bank of Baroda hikes MCLR up to 30 basis effective December 12
The revised rates will be effective from December 12| December 09, 2022, Friday -
Fintech lenders align business model with RBI's digital lending norms
The RBI came out with the guidelines on digital lending in September and gave time until November 30 for players to comply with ...| November 30, 2022, Wednesday -
MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates
The hike in lending rates shall be applicable to home loans and consequently, equated monthly instalment payments made by ...| October 03, 2022, Monday -
Comply with digital lending norms for existing loans by Nov 30: RBI
Guidelines applicable to new and existing customers taking fresh loans| September 02, 2022, Friday -
LIC Housing Finance hikes prime lending rate by 50 basis point to 8%
LIC Housing Finance increased its Prime Lending Rate by 50 basis points. With this the new interest rates on home loans will now ...| August 22, 2022, Monday -
Loan disbursements for Paytm up nine-fold to over Rs 5,550 crore
The number of loans disbursed through our platform grew 492% y-o-y to 8.5 million loans in the quarter ending June 2022, while ...| July 11, 2022, Monday -
Bank of Maharashtra bucks the trend, cuts MCLR by 20-35 basis points
The state-owned lender cut overnight and one-month MCLR by 25 bps to 6.90 per cent and 7 per cent| July 11, 2022, Monday -
Average US mortgage rates show biggest single week jump in 35 years
Average long-term US mortgage rates had their biggest one-week jump in 35 years with the Federal Reserve this week raising its ...| June 16, 2022, Thursday -
Indian Overseas Bank hikes repo based lending rate to 7.25% from May 10
Several banks have revised their lending rates based on repo and marginal cost of funds| May 09, 2022, Monday
