RBA एडवाइजर
RBA Gazette
"Investigative Financial Journalism for the Aam Aadmi"
Home Loan Rates to Dip Below 8% in Jan '26?
"Banks are desperate for liquidity. The 'New Year War' begins now."
It is officially a borrower's market, Chief Admin. Insider reports suggest that major public sector banks are preparing to slash floating interest rates by 25-40 basis points starting January 1st, 2026. Why? Because the credit uptake slumped in Q4 2025.
The Trap? While Repo Rates remain stable, banks are cutting the "spread" to lure you in. However, check the fine print on Processing Fees. They are quietly hiking admin charges to ₹5,000+ flat rates.
KEY TAKEAWAY: If you have a loan above 9.2%, initiate a Balance Transfer request immediately after the New Year hangover cures.
⚠️ The "No-Cost EMI" Crackdown
The regulator has finally spoken. Starting next month, all "No-Cost EMI" schemes must explicitly display the Discount vs. Interest breakdown on the checkout page. No more hiding the interest cost in the product price! If the TV is ₹40k on cash and ₹44k on EMI, they can't call it "No Cost" anymore. Verdict: Read the total payable amount, not just the monthly figure!
NBFC Red Alert
Recovery Agents Banned Post 7 PM
New strictures for Non-Banking Financial Companies (NBFCs). Harassment calls after sunset are now a finable offense of ₹1 Lakh per instance.
- No calls to relatives.
- WhatsApp threats = Immediate License Suspension.
Credit Score Hacks
UPI "Pay Later" Affecting Scores?
Yes, Chief! Those small ₹500 "Pay Later" transactions for your chai and sutta are now reporting to credit bureaus as separate active loan accounts.
Quick Bites
Personal Loans
Rejection rates up by 15% for applicants with >3 credit cards.
FD Rates
Senior Citizens getting 8.1% at Small Finance Banks. Lock it in before rates drop!
No comments:
Post a Comment