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.
Sometimes being a good borrower and repaying your loans before time can also lead to a drop in your credit score
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.
The reduction in goods & services tax (GST) on individual life and health insurance premiums has been called a "landmark step" for making insurance affordable and inclusive. In a panel discussion at the Business Standard BFSI Insight Summit 2025, Anup Bagchi, managing director (MD) & chief executive officer (CEO) of ICICI Prudential Life Insurance; Mahesh Balasubramanian, MD & CEO of Kotak Life Insurance; Tarun Chugh, MD & CEO of Bajaj Life Insurance; and Ratnakar Patnaik, MD of Life Insurance Corporation of India (LIC), listed what else the industry needs to reach more people.
You would find NBFCs more willing to lend even if you have a poor credit score, says Adhil Shetty
A simple guide that explains how self-employed professionals can avail of home loans by satisfying certain eligibility criteria.
SBI home loans will now be available under two slabs -- under Rs 75 lakh (Rs 7.5 million) and above Rs 75 lakh.
Home loan lenders not giving you enough loan to buy a home? Here's how you can make them increase your home loan eligibilty.
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.
New borrowers will benefit if banks cut their MCLR. Older borrowers' EMIs will change only when their reset date arrives
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.
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.
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.
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.
rediffGURU T S Khurana answers readers' personal income tax queries.
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.
Say cost of funds too high to lower lending rates.
It is important to know that the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act empower the bank to take possession of the property that is mortgaged to them, to recover the loan outstanding from the borrower.
Financial services giant HDFC Bank, carrying a brand value of $44.9 billion, has surged past IT consulting behemoth Tata Consultancy Services (TCS) to reclaim its crown as the country's most valued brand, according to the 2025 Kantar BrandZ Most Valuable Indian Brands report.
They do all the running around, including negotiating with the new lender
The introduction of the base rate system for lending has caused a lot of furore in borrowers' minds. Here's clearing all the confusion.
Homework you must do before approaching a bank
SBI's home loan portfolio has recorded a 73.86 per cent growth against Rs 623.38 billion as on September 30, 2009
Home loan expert Harsh Roongta tells you how to make the right choice.
In a move that would help a large number of home loan customers to reduce their interest burden, nation's largest lender State Bank of India has decided to allow them to reprice their existing loans at lower rates.
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