Home Loan rates
Home loan rates fluctuating, here it is back into action again! The new norm is leaving the loan payers and borrowers worried behind. It is State Bank of India (SBI) this time who has decided to change pre-payment charges in concern with both the fixed and floating loans. India’s largest lender SBI calls for this [...] Continue Reading »
Indian financial market is facing a slowdown in economic growth which is increasing bad loans resulting in home loan borrowers to face annual burden of Rs 6,000 crores. There is a drastic increase in Equated Monthly Installments (EMI) and this due to the rising interest rates. Meanwhile the Reserve Bank of India (RBI) has hiked key [...] Continue Reading »
Home Loan rates have been increasing frequently. Unfair penalty has been levied on the Home Loan Borrowers. Bankers’ contention that the charge is being levied only if the borrower closes his loan by transferring his account to another lender is perverse. Bankers know that most of their borrowers do business in a competitive market. It [...] Continue Reading »
