Bank to argue with the Reserve Bank that new norms don't apply to floating rate schemes.
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
SBI's home loan portfolio has recorded a 73.86 per cent growth against Rs 623.38 billion as on September 30, 2009
If you are a home loan customer, top-up loans are for you in case you have additional requirement of loan for extension, renovation, etc. But is there a catch?
A simple guide that explains how self-employed professionals can avail of home loans by satisfying certain eligibility criteria.
Young and going for a home loan? Aditya Prasad tells you about the 5 things you absolutely must remember.
A common question that is asked these days by home loan borrowers is: Should I prepay my home loan? Here's how to make your decision.
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.
The floating interest rates on home loans have increased sharply in the last few years. Home loan expert Harsh Roongta explains how to solve the problem.
The bank also announced that it will reduce its external benchmark linked lending rate as well as repo linked lending rate by 40 basis points from July 1.
There will be an automatic reduction in interest rates of all floating rate loans anytime soon.
Sometimes being a good borrower and repaying your loans before time can also lead to a drop in your credit score
Bain Capital-backed Tyger Capital is planning to list its shares on the Indian stock exchanges by the next financial year and is targeting to grow its assets under management by four times to Rs 20,000 crore in five years from Rs 5,000 crore now, Gaurav Gupta, MD and CEO of the firm said. In an exclusive interview, Gupta said that keeping with the growing business, the finance company expects to on-board 600 people in the current financial year as it is opening 60-65 new branches for broad-basing its network in the country.
State Bank of India has no plans to hike its corporate lending rates in the short term, but said there was a chance of home loan rates going up after Reserve Bank of India tightened norms for the housing sector.
Home loan expert Harsh Roongta answers your home loan queries.
Important facts to know before applying for a home loan.
Teaser and step-up home loans may look similar in the beginning, but they work out differently in the later years, says Arnav Pandya.
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.
IDBI Homefinance will raise the floating rates on its home loans by 25 basis points with effect from Thursday.
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.
Will your home loan rates drop now that the RBI has signalled the onset of lower interest rates after 0.25 per cent cut in repo rate and CRR?
Home loan lenders not giving you enough loan to buy a home? Here's how you can make them increase your home loan eligibilty.
Top-up loan, is a facility by which an individual who has an existing home loan gets a chance to borrow additional money from the housing loan company at an interest rate that matches the home loan.
Continuing the flow of home loans and accessing low-cost deposits are two key elements of the government's instructions to public sector banks.
Dear Finance Minister, We don't expect magic, just a little understanding and some tax relief that feels like a real reward, not a bare minimum. A little extra fuel in our wallets could go a long way, pleads Vatsal Ramaiya
At the moment, the base rate of the bank stands at 10 per cent.
With rising interest rates and inflation taking a toll on home loan customers, banks are beginning to encourage them to partly prepay their loans. Many of them are doing so without charging them prepayment penalty.
Is your home loan lender charging you more interest on your home loan?
ABN Amro Bank on Monday announced its foray into the housing loan segment with the lowest interest rate of 6.0 per cent in the first year and 6.5 per cent in second year under its 'Super Saver Loan Package.'
"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.
Vijaya Bank on Wednesday slashed interest rates on home loans by 50 to 75 basis points to touch 7 per cent per annum for upto 5 years.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances