Latest Auto-Loans News
External benchmark to floating-rate loans: How auto, home loans will change
Its a good news for borrowers. The way your home loans, auto loans and personal finance loans are priced is set to change from April 1, 2019. The Reserve Bank of India has mandated banks to use external benchmarks for such new loans given on a floating ...
Updated: 12/05/2018 08:42A
RBI shocks, traps banks! Good news for borrowers, no more MCLR ...
While maintaining a repo rate status quo, the Reserve Bank of India (RBI), in a shocking news to banks gave great news to borrowers! First, RBI has decided to ...
Updated: 12/05/2018 05:39A
RBI to bring you pain, hike interest rates today? This is how much more you will pay for home, auto, personal loans
In fact, one should definitely pray that RBI chooses to put a status quo in this policy, as data reveals that home loans, auto loans and personal loans are already expensive due to rise in MCLR rates since March 2018. Yes, it is shocking, but quite
Updated: 12/05/2018 01:30A
Chuck Wibby: Is there really a student loan crisis?
When was the last time you heard or read about a national auto loan crisis? Seems a little strange, because the numbers are fairly similar. Auto loans now total $1.1 trillion, student loans $1.5 trillion. The average new auto loan is $31,099, the
Updated: 12/04/2018 09:43P
October shows slowdown in membership, loan growth: MCUEs
Other mortgage loans led loan growth during the month, rising 3%, followed by home equity loans (2.3%), adjustable-rate mortgages (2.1%), unsecured personal loans (1.2%), new auto loans (0.7%), credit card loans (0.5%), and used auto loans (0.4%).
Updated: 12/04/2018 03:49P
Federal Reserve: More homeowners are getting their refi applications rejected
That survey covers a wide range of asset classes, from credit cards to auto loans, and even mortgages. The big news today is that the latest poll finds that rejection rates are on the decline across all credit applications, but not for mortgage
Updated: 12/04/2018 11:56A
FPA New Income, Inc.
The second- and third-largest contributors to performance were asset-backed securities (ABS) backed by auto loans and ABS backed by equipment loans and leases, respectively. In both cases, the return on these bonds was predominantly due to coupon ...
Updated: 12/04/2018 09:56A
Icra lowers car sales projections, says truck sales on track
As result of the increase diesel and petrol prices and interest rates on auto loans, customer sentiment had nosedived which led to a fall in sales growth of passenger vehicles in the June-October period. “Domestic passenger vehicle sales slowed to 6.1% ...
Updated: 12/03/2018 11:54P
Buy HDFC Bank with target Rs 2420: Anand Rathi
Anand Rathi. HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is Indias largest private sector lender by assets. HDFC Bank provides ...
Updated: 12/02/2018 11:30P
Investors Rev Up the Risk in Subprime Auto Deals
Investors are gobbling up auto loans extended to the riskiest borrowers, looking past market warning signs as they reach further for returns. This year, they have been buying subprime auto securitization deals that offer slices with single-B credit
Updated: 12/01/2018 11:04A