lower interest rates on home loans
ICICI Bank has implemented a reduction in interest rates on home loans by 10 basis points – to 10.15 percent – for borrowers who draw loans for an amount up to Rs 75 lakh. The new reduced interest rate on home loans brings ICICI Bank at par with India’s biggest lender, the State Bank of [...] Continue Reading »
During National Real Estate Development Council convention held on 8th December, Chairman and Managing Director of National Housing Bank (NHB), R V Verma announced his thought to support Housing finance institutions by providing a loan of Rs 17,000 crore from July to next year June shortly. Housing finance companies aim to finance individuals’ home loans [...] 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 »
Home loans are to become cheaper in near future. While some banks have already slashed their interest rates while others are planning to do the same. The finance ministry has already asked bankers to reduce equated monthly installment (EMIs) on home loans. State-owned Central Bank of India has decided to reduce home loans by 10 [...] Continue Reading »
It is that time of the year when the government sets its economic agenda for the year ahead. The real estate industry is looking at several breaks from the Budget both on the policy and taxation front. Most market watchers believe that to get government finances in order (the government is facing a fiscal deficit [...] Continue Reading »
