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How will the repo rate affect home loans?
Repo rate is the rate at which the banks can get loans from the country's central bank. If the rate at which banks get loans from the central bank goes down it would automatically affect the rate at which home loans are being granted. Say the repo rate is 6% then the banks may keep a margin of 4% and grant home loans at 10%. If the central bank opts to reduce the repo rate by 2% then the banks would have to pass on this benefit to the end customer. Hence the home loans would be available to the public at 8%.
Can they repo you vehicle with a work trailer connected?
They can disconnect the trailer, but, if that trailer isn't included in the order for repossession, they cannot take it - doing so is theft, and a crime.
How do you find out who repossessed your car?
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
Can a repo person come into your closed garage and get the car?
NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.
What is the current repo rate and reverse repo rate and bank rate by RBI in India?
As of October 12, 2010, according to the Reserve Bank of India... repo rate 6.00% reverse repo rate 5.00% overnight call money 6.24%
What is the current repo rate and reverse repo rate in india?
The current Repo Rate is 6.5% and that of Reverse Repo Rate is 5.5%. While the Bank Rate is 6.00% ..
What is repo rate?
the repo rate is the rate that the reserve bank lends money to commercial banks
What is the meaning of reverse repo rate?
repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
Can a repo man remove a trailer to take truck?
They can pull the kingpin latch on the fifth wheel - that is all they can do. They cannot physically move the trailer.
What is a bank repo rate?
A bank repo rate is the rate at which a central bank lends money to commercial banks in the event of a shortfall of funds. It is a tool used by central banks to control money supply in the economy. The repo rate influences interest rates for loans and deposits in the banking system.
What is meaning to Repo rate?
the no of times a husband sleeps with his wife is called repo rate
Why reverse repo rate of RBI always less than repo rate?
Because a central bank is more secured place to lend money than any bank... Therefore when RBI lends money to banks i.e Repo is less secured than Any bank parking its funds with RBI.. i.e is Reverse Repo.
