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For those looking to buy a house or in the process of repaying a home loan, Tuesday's repo rate and CRR hike may not be good news. Home loan will get more expensive, as most banks are certain to pass on the higher rates to their customers. NDTV learns that most banks are looking to hike home loan rates and it's not just those planning to take a new loan should worry. Existing borrowers on floating rates will also feel the pinch.
| Delinquent car loans rose in third quarter (UPI) DETROIT, Nov. 24 (UPI) -- Delinquent U.S. car loans rose 8.1 percent in the third quarter, reaching $22.9 billion, meaning loans may be harder to get at banks, a lending expert said. |
| SC Student Loan Corp.: No money for private loans (AP via Yahoo! Finance) South Carolina's largest student lender has stopped taking applications for private loans, but will continue making federally backed loans to college students. |
| Asian Currencies: Rupiah Falls as Firms Prepay Loans; Won Drops (Bloomberg) Nov. 24 (Bloomberg) -- Indonesia's rupiah fell the most in four weeks on speculation companies were buying dollars to pay back loans before maturity. The South Korean won and the Thai baht also dropped. |
| More Americans are delinquent on car, truck loans (WKYC Cleveland) DETROIT -- In yet another bad sign for the auto industry, car loan delinquencies rose again in the third quarter, putting up to $22.9 billion at risk for banks, finance companies and automakers who dole out loans directly to consumers. |
| Russia c.bank issues 273.15 bln roubles in loans to banks (Reuters via Yahoo! Malaysia News) MOSCOW, Nov 24 (Reuters) - Russia's central bank had issued 273.15 billion roubles ($9.91 billion) in collateral-free loans to commercial banks on Monday, out of the 300 billion on offer. |
