The change comes into effect from Monday, a HDFC spokesperson told PTI in New Delhi. This reduction will be on fresh loans and applicable to all disbursements up to October 31.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
Close on the heels of HDFC Bank, state-owned State Bank of India today hiked fixed interest rates on home loans by 0.25-0.50 per cent while keeping the floating interest rates intact.
Tata Capital will offer home loans at lower rates to women borrowers, on the lines of similar offerings being made by state-run institutions like SBI and LICHF.
Do you know that your application can get rejected on account of a not so perfect CIBIL score?
Less than a week after its teaser home loan scheme expired, HDFC has re-launched it at slightly higher rates. And, SBI is also likely to extend its own teaser rate scheme, due to expire on September 30, a top official said on Monday.
The Reserve Bank on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of 'innovative' housing financing schemes.
The rate, which has been reduced from 14.25 per cent, will benefit all existing home loan and auto loan customers, the bank said. Besides, the bank reduced it benchmark lending rate by half a percentage points to 16.75 per cent.
Sometimes being a good borrower and repaying your loans before time can also lead to a drop in your credit score
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A simple guide that explains how self-employed professionals can avail of home loans by satisfying certain eligibility criteria.
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SBI home loans will now be available under two slabs -- under Rs 75 lakh (Rs 7.5 million) and above Rs 75 lakh.
Banks, led by State Bank of India, under special schemes offer home loans at lower interest (teaser) rates to the new customers for the first few years of the credit period, which has kicked up a storm in the industry.
Home loan lenders not giving you enough loan to buy a home? Here's how you can make them increase your home loan eligibilty.
Bank to argue with the Reserve Bank that new norms don't apply to floating rate schemes.
If you are planning to buy a home loan there is some homework you need to do before going in for the deal.
State Bank of India has embarked on a drive to cut the Know Your Customer (KYC) process to a single one across its branches, a top official said on Tuesday.
The bank has increased fixed rate home loans by 50-75 bps. While rates for loans of up to five years have been increased to 9.25% from 8.50% per annum, loans for above five years.
New borrowers will benefit if banks cut their MCLR. Older borrowers' EMIs will change only when their reset date arrives
The gold loan portfolio of banks continued to show strong off-take with 76 per cent year-on-year (Y-o-Y) growth in January 2025 amid moderation in retail credit - especially in the unsecured credit segment - following increase in risk weights in November 2023. The gold loan pool had grown 17.4 per cent Y-o-Y in January 2024.
At the moment, the base rate of the bank stands at 10 per cent.
If you have bought a home along with your family members as co-owners then can they avail of the tax benefit on interest paid? Tax expert Mahesh Padmanabhan answered tax related queries in a chat with Getahead readers on January 9.
To cater to home loan borrowers, housing finance companies and banks offer a variety of repayment options to suit an individual's need.
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you.
Young and going for a home loan? Aditya Prasad tells you about the 5 things you absolutely must remember.
RBI in talks with banks to fix charges at 0.5-1%.
"We are still examining the market condition and will take a view on home loan rates in another week or 10 days," SBI Chairman O P Bhatt told reporters. SBI had increased its PLR by 50 basis points to 12.75 per cent last week. Following the hike in lending rates, the bank also increased deposits rates for various maturities.
Satat Sampada, the organisation of climate activist Harjeet Singh and his wife, said the allegations made by the Enforcement Directorate against the firm and its founder were baseless, biased and misleading.
There are three important issues which one needs to consider before opting for one type of a loan over the other. Check them out.
The central bank last year had raised key policy rates which resulted in tightening of liquidity, a step aimed towards addressing inflation concerns.
Paying your increasing home loan EMIs can be quite a task to meet. Here are a few dos and don'ts that can help you sort out your loan problem.
The finance minister's tax giveaways are what have saved tax-payers from the impact of inflation and higher home loan rates.
The proposal will also include providing loans at below market rates to real estate developers. But the loan disbursed under this will come with a number of conditions like an upper ceiling on selling price of flats and individual homes.
Instead of prepaying your home loan before the term ends it's better to invest the amount you would save on prepaying the loan and earn good returns on investing the same.
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