Urban Money Blogs

SBI Slashes Lending and Deposit Rates After RBI's Jumbo Repo Cut
June 19, 2025

In a move reflecting the broader shift in monetary policy, the State Bank of India (SBI) has announced a reduction in its key lending and deposit rates. The revision follows the Reserve Bank of India’s (RBI) decision on June 6 to cut the repo rate by 50 basis points, bringing…

Category:Financial News
Top 5 Legal Documents You Need for a Hassle-Free Home Loan Process
June 18, 2025

Getting a home loan can be smooth if you have all the right documents. Lenders need certain legal documents for a home loan to verify your identity, income, and property details. Having these ready in advance can speed up the process and increase your chances of approval. In this guide,…

Category:Home Loan Archive
RBI's Rate Cut: The Domino Effect of 50 BPS Cut on Real Estate
June 10, 2025

The RBI has recently lowered the repo rate by 0.5 percentage points, bringing it to 5.5%. This change will ease the financial burden on home loan borrowers by reducing their monthly EMIs. In India, most new home loans are connected to the repo rate through the Repo Linked Lending Rate…

Category:Media Coverage
Repo Rate Slashed by 50 Points: Here’s What It Means for Borrowers
June 06, 2025

RBI Governor Sanjay Malhotra announced the third consecutive Repo Rate cut by the RBI on June 6, 2025. The rate now stands at 5.50% and will lower the overall cost of borrowing for regular Indian citizens. Since the February policy review, the RBI repo rate has been reduced by a…

Category:Financial News
High-Value Home Loans Make Up 21% of FY25 Disbursals: Urban Money Report
June 06, 2025

Key Highlights – Urban Money Home Loan Report FY 2025 Home loan disbursal volume grew 10% YoY across top Indian cities Disbursal value increased 15% YoY, reflecting demand for bigger loans Loans above ₹1 crore formed 21% of total home loan disbursals 1 in 5 home loans in FY25 was…

Category:Media Coverage
Education Loan Eligibility in India: Criteria, Documents & Mistakes to Avoid
May 30, 2025

Education loan eligibility is important for students and parents who want to fund higher education without financial stress. With rising education costs, understanding the eligibility criteria for education loans can significantly affect planning. This guide will help you check if you are eligible for an education loan. It will also…

Category:Personal Loan Archive
Overdraft Facility: Interest Rates, Types, Eligibility & Application
May 30, 2025

An overdraft facility is a tool provided by numerous banks that allows individuals to take credit for more than the amount currently available in their bank account up to a certain limit. This helps individuals manage unexpected expenses or short-term cash flow issues without taking out a formal loan. The…

Category:Business Loan Archive
Reasons For Personal Loan Rejection
May 30, 2025

Applying for a personal loan can be a tough and slow process. This is especially true when you really need money. A personal loan can help cover unexpected expenses, fund a big purchase, or consolidate debt. It offers great flexibility and support to the borrower. Major banks in India are…

Category:Personal Loan Archive
Buyers Eye Homes Priced Between ₹50 Lakh and ₹1 Crore Amid Rate Cuts
May 15, 2025

As the property market gears up for Akshaya Tritiya, one trend is becoming clear: homebuyers are not holding back. Demand is steady and rising, especially in the affordable and mid-income segments. Developers and real estate firms say this interest is seasonal and a sign of growing buyer confidence. Amit Prakash,…

Category:Media Coverage
RBI Slashes Repo Rate to 6% in April 2025 Amid Global Uncertainty
April 09, 2025

In a much-anticipated move, the Reserve Bank of India (RBI) announced a 25 basis point rate cut, bringing the key lending rate down from 6.25% to 6%. The decision, unveiled on 9 April 2025, marks the second consecutive reduction this year and reflects the central bank’s shift to an ‘accommodative’…

Category:Financial News