home loan
New Delhi- Since the banking industry’s spotlight shifts to retail borrowers, the Union Bank of India has reduced the home loan rates by 0.25 percent. The bank announced that the revised rates are applicable from November 29. For home loans up to Rs 75 lakh, the base rate at 10.50 per cent will be applicable, [...] Continue Reading »
With State Bank of India offering the lowest home loan interest rates, people who who have taken loans from other private banks switched to SBI. In the first two months of the third quarter SBI had obtained Rs 800 crores in home loans. Consumers with Rs 400 crore of home loans switched to SBI in November [...] Continue Reading »
Banks are ready to provide loans to business industries, however, there are no takers! Individuals who desire home loans can buy residences which are worth Rs 20 lakh and much more, in any other case it’s going to be invalidated on flimsy ground. The largest bank SBI is actually resting with a big bin. It [...] Continue Reading »
New Delhi-Recent reports suggest that the public sector banks were quite benefited by the home loan takers as the lower interest rates have resulted in regular monthly payment causing very less defaulters. The outstandings in the first 6 months were almost 96% of 2011-12 and more in 2010-11. Also, the non-performing assets (NPAs) have declined in all home loan [...] Continue Reading »
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 »
The pressure in the real estate sector has affected the home loans. The new home loan accounts fell by 38% in June quarter this year over the same quarter in 2011. Rs 854.55 crore to 23,241 account holders from April to June 2011was disbursed by the member banks State Level Banking Committee (SLBC). But this [...] Continue Reading »
The State Bank of India (SBI) has conducted a mega loan mela on the 20th & the 21st of October in North Karnataka (Hospet) in association with commonfloor.com. The mela was a grand success with well known builders and promoters, car companies, and even the prominent members of the Chamber of Commerce participating the event. [...] Continue Reading »
With lenders cutting interest rates and other charges for home loan, the National Housing Bank expects a growth of 20% this year from 17% in 2011-12. The environment has become competitive due to lowering of the interest rates and abolition of some of the fees The demand and growth of housing loan has been good [...] Continue Reading »
Developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) has expressed hopes that housing sales are expected to improve by about 20 percent in major cities during the festival season. The main propellant has been identified as the marginal fall in interest rate on home loans. Buyers waiting for last two years to buy [...] Continue Reading »
ICICI, HDFC and Vijaya Bank have joined the race to cut rates for the festival season, in a series of efforts by lenders to boost home market. The lenders have cut their rate by up to 100 basis points on their home loans. Under the festival scheme, ICICI Bank will offer home loans of Rs [...] Continue Reading »
