SBI
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 »
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 »
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 »
State Bank of India (SBI) are looking forward to raise its home loan portfolio by Rs 2 lakh by March 31, 2015 . The home loan portfolio has recorded a growth of 73.86 per cent against Rs 62,338 crore as on September 30, 2009. The bank will target Tier II and Tier II cities for [...] Continue Reading »
The State Bank of India (SBI) is planning to showcase ‘lower equated monthly installment savings investment proposition’ to their existing customers as well as prospective customers including home loan customers of other banks and housing finance companies. The bank has lowered the equated monthly installments (EMIs) on home loans by about Rs. 15-19 across the [...] Continue Reading »
Various leading banks have now made it possible for the home buyers to pay back their loan at leisure. Banks have adopted this policy in order to improve their retail credit group. The first ever bank with the longest year of repayment in the India’s banking history is the State Bank of India (SBI) with [...] Continue Reading »
National Housing Bank has signaled a reduction in interest rates for housing finance companies (HFCs) by reducing its prime lending rate from 10.5 per cent to 10 per cent. The rate reduction is set to affect medium and smaller-sized players in the industry as NHB accounts for 25-30 per cent of the resources raised by HFCs. [...] Continue Reading »
The State Bank of India (SBI) has recently made an announcement of cutting its base rate by 25 bps to 9.75 per cent. Although it is likely to positively impact the home loan segment, most realtors and analysts feel that it will not prove to be a saviour for a majority of home owners in [...] Continue Reading »
State-run Housing and Urban Development Corporation (HUDCO) has declared to restart lending for home purchases with the launch of a competitively priced product. The new product has been dubbed as the most competitive home loan product available for salaried individuals. Interest rate on the product beats the 10.25 per cent of the largest lender in [...] Continue Reading »
