home loan

When should you consider prepaying your home loan? MintGenie explains

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When should you consider prepaying your home loan? MintGenie explains

The early bird gets the worm The decision to prepay your home loan isn’t just about having surplus cash; it’s about timing. Making additional payments towards your home loan in the initial years can significantly impact the interest you pay over the loan’s life. For instance, Ankush, who took a ₹50 lakh home loan at … Read more

Bank of Baroda raises lending rate by 5 bps starting today. Details here

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Bank of Baroda raises lending rate by 5 bps starting today. Details here

Regardless of Reserve Bank of India (RBI) keeping its repo rate constant at 6.5 per cent, Bank of Baroda raised its MCLR across four tenors by 5 basis points with effect from today i.e., April 12, 2024.  Bank of Baroda’s base rate is now 9.40 percent with effect from Friday. Additionally, BPLR for all the existing accounts … Read more