fixed rate
Bigwig lenders like HDFC, ICICI bank, and Citibank have recently revealed that they have brought back fixed –rate home loans. The decision by leading lenders to re-introduce fixed-rate home loans underscores a significant move because, until recently, such loans had almost disappeared from the home-loan scenario. Even though some lenders offered these loans, borrowers were [...] Continue Reading »
Teaser loans are offered to ease a a borrower’s tension but nobody knows what is in store for future! A time being relief can be obtained by availing loans under teaser loan scheme. State Bank of India (SBI) had provided home loans based on teaser rate scheme three years ago. A home buyer had to [...] Continue Reading »
Banks are a large source of funds for the housing finance companies (HFCs) and an increase in their lending rate would push up the cost of funds for the HFCs. Since the latest round of monetary tightening by RBI last week, a host of banks and lending institutions have raised their rates and HDFC is [...] Continue Reading »
