Home loan scheme
A senior bank official says that Axis Bank has launched a home loan scheme for the people whose per month income is less than Rs 10,000 per month. The bank is looking at disbursals of up to Rs 1,000 crore in a year’s time However these loans will have higher risk due to as the [...] Continue Reading »
Hurry up property buyers for those who are availing home loans! The special home loan scheme by Housing Development Finance Corporation (HDFC) has been extended to January 31. The last date for applying has been extended twice before. The fixed-cum-floating loan from this bank is named as Fixed First. As per records, HDFC alone is [...] Continue Reading »
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 »
The SBI had grabbed attention and market share in the competitive home loan space after it pioneered the teaser home loan scheme in February 2008 which offered a low, fixed interest rate at 8 per cent in the initial years of the loan. Later, it morphed into a floating rate at the prevailing market rate. [...] Continue Reading »
Several banks had reduced their yearly business growth targets following slowing in credit offtake on account of increasing interest rates. The Reserve Bank of India has raised policy rates 11 times in the past 16 months, making funds dearer. Banks are looking to boost credit growth, which has suffered due to high interest rates. Most [...] Continue Reading »
