outstanding loan
The rate of interest may not have fallen significantly this year, but due to the difference in new and old home loan interest, the borrowers are shifting their loan from existing lenders to cheap lenders. The State Bank of India (SBI) is offering Rs 30 lakh home loan for the new borrowers at the most [...] Continue Reading »
As suggested by the Centre, major states agreed to the plan of restructuring loan for power distribution companies (discoms) worth Rs 1.2 lakh crore, including revision of tariffs and roping in the private sector. The state government will take over half the short term outstanding loan after discoms issue bonds to lenders. The maturity of [...] Continue Reading »
The Reserve Bank of India barred banks from charging any fee from a customer who wants to repay an outstanding loan and close the account. This will give the home loan customers a greater flexibility to opt for other banks for better interest rates. Housing finance regulator National Housing Bank (NHB) has already barred home [...] Continue Reading »
