Home Loan rates
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 »
Home loan borrowers may get access to an alternate window rather than to wait for the Reserve Bank of India to ease interest rates as government is planning to furnish cheap housing credit opportunities. Indian Bankers Association (IBA) has been asked by the government to look into ways to provide affordable credit to home loan [...] Continue Reading »
Housing Development Finance Corporation (HDFC) has sought to revive the market for fixed rate home loans. HDFC has decided to launch a new product where interest rates are fixed for 10 years. Under the new scheme, rates would be 125 basis points lower than HDFC’s existing fixed rate loans. The new scheme is called “Trufixed [...] Continue Reading »
Reserve Bank of India’s (RBI) decision to cut the Statutory Liquidity Ratio (SLR) has begun to show its effects. Indian Overseas Bank (IOB) has reduced home loan rates, for loans up to Rs 30 lakh, by 25-100 basis points. A 50-bps cut in auto loan rates has also been announced. IOB has reduced the spreads [...] Continue Reading »
A day after SBI reduced home and auto loan rates and the National Housing Bank (NHB) announced reduction in the refinance rate under a special scheme for the economically weaker section, there seems to be a possibility of further cut looming in the horizon. Moreover, SBI said that it would cut interest rates on fixed [...] Continue Reading »
A Memorandum of Understanding (MoU) has been signed between Bihar government and the State Bank of India to provide home loan to state government employees at cheaper rates. As per the MoU, the government being the guarantor would deduct the EMI from the loan beneficiary’s salary if he/she is in default on the loan. This [...] Continue Reading »
Following the Reserve Bank of India’s move to slash policy rates, the leading banks are planning to reduce the home loan rates. Some leading banks have already cut their home loan rates for existing and new customers, while the other banks are in the process of deciding the new rates. Higher home loan rates and [...] Continue Reading »
The sale of houses and apartments in India is proving a major decline! The home loan rates and rates of properties are also increasing with the days progressing. Properties in India is no more n demand! This present real estate scenario is alarming whole India. The real estate experts have proved major decline of properties [...] Continue Reading »
The Housing Development Finance Corporation (HDFC) banking sector is on a pace of dropping down the interest rates of home loans. It all depends on Reserve Bank of India (RBI). If RBI goes for a dip down in interest rates, HDFC is sure to follow up the same with home loan categories. In concern with [...] Continue Reading »
A 10 percent fall has been witnessed in this year’s third quarter in residential sector over previous quarter. Various attributes have contributed to this dip like home loan rates, hike in property prices, doubtful economy, etc. However, apartment and villas prices more than Rs 3 crore are not affected by the factors. But, the mid [...] Continue Reading »
