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Home loan interest rates

Stamp duty collections in Punjab may see a downward trend due to the slowdown in the realty sector

Stamp duty collections in Punjab may see a downward trend due to the slowdown in the realty sector
The Punjab government’s ambitious plan to mop up Rs 2,760 crore in the current financial year from stamp duty and registration fee is going to be a difficult task. This is due to the slowdown in the real estate sector. According to real estate experts the buyers are yet to enter the market, however are waiting [...] Continue Reading »

RBI slashes repo rate; second time in 2013

RBI slashes repo rate; second time in 2013
Reserve Bank of India (RBI) has announced the second repo rate cut of 0.25 percent (25 basis points) to 7.50 percent. Earlier, a similar cut was declared on January 29, 2013. This has adjusted the reverse repo rate to 6.50 percent and the Bank Rate to 8.50 percent. The Cash Reserve Ratio (CRR) has been [...] Continue Reading »

Home loan rates slashed by DHFL

Home loan rates slashed by DHFL
DHLF the mortgage lender has cut its home loan lending rates by 0.25 per cent across categories for new customers. This is the second time the lender reducing interest rates within a month. It said in a statement that the variable rate of interest for loans of up to Rs 15 lakh has been cut [...] Continue Reading »

Public sector banks cut home loan rates

Public sector banks cut home loan rates
In order to boost demand in the economy,  public sector banks have either cut interest rates or waived home loans processing fee in response to Reserve Bank of India’s (RBI) monetary policy and finance minister P Chidambaram initiative to revive growth. Several lenders have cut interest rates for home loans such as Bank of Baroda, Bank [...] Continue Reading »

SBI cuts processing fee on home loans

SBI cuts processing fee on home loans
In order to attract customers and beat competition, State Bank of India (SBI) has cut processing fee on home loans, which is till December 31 this year. SBI’s processing fee cut will affect it’s rivals like HDFC, ICICI Bank and Axis Bank adversely, since it has already cut it’s home loan rates. In order to [...] Continue Reading »

HUDCO restarts lending for home purchases

HUDCO restarts lending for home purchases
State-run Housing and Urban Development Corporation (HUDCO) has declared to restart lending for home purchases with the launch of a competitively priced product. The new product has been dubbed as the most competitive home loan product available for salaried individuals. Interest rate on the product beats the 10.25 per cent of the largest lender in [...] Continue Reading »

Indian realty scored good in 2011

Indian realty scored good in 2011
The sharp rise in home loan interest rates and the inflationary pressures prevailed throughout the year 2011. Real estate experts say that they are surprised to witness good growth in the realty market. It is a fact that the realty sales in the first quarter of the year dropped down completely. However, in a slow [...] Continue Reading »

Home Loans safest way to overcome rising Interest Rates

Home Loans safest way to overcome rising Interest Rates
Reserve Bank of India (RBI) has hiked the interest rates nearly 12 times for over a period of 18 months wherein all the loan borrowers are being burdened. Satish Kumar, national credit manager, mortgages, at ICICI Bank reported saying, a well planned budget for the payment of regular pre-payment charges is the best way to [...] Continue Reading »

Fixed Rate Home Loan launched by ICICI Bank

Fixed Rate Home Loan launched by ICICI Bank
ICICI Bank on Tuesday said its recently launched fixed-rate home loan scheme would not attract the higher provisioning mandated for teaser-rate housing loan products and the rates are “fixed” only for an initial period of one and two years. According to the bank, the fixed rates will “shield customers from frequent changes in home loan [...] Continue Reading »



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