State Bank of India
An initiative taken by State Bank of India (SBI) is a ray of hope for home buyers in this era of highs! SBI has cut procession fees by half on home loans making it generous enough for the buyers. The new charges launched has been made effective from January 11, 2012. The bank has thought [...] Continue Reading »
Teaser loans are offered to ease a a borrower’s tension but nobody knows what is in store for future! A time being relief can be obtained by availing loans under teaser loan scheme. State Bank of India (SBI) had provided home loans based on teaser rate scheme three years ago. A home buyer had to [...] Continue Reading »
In the year 2011, private banks were the huge lenders in home finance who continued to impose increasing penalty on the loan borrowers throughout the year. To ease the home loan environment, ICICI Bank a private home loan financing company waived pre-payment charges on floating rate home loans for the existing as well as for [...] Continue Reading »
State Bank of India (SBI) is said to be the largest lenders in home loan banking company in India. This sector has come forward in providing 25basis points of discount to the prevailing home loan rates over this festival season. This offer scheme has been encouraged out by other banking sectors such as; HDFC bank [...] Continue Reading »
In Kolkata, it is at these pujas that one gets to witness the true spirit, the bonhomie and bonding that seem to have gradually eroded in society. In only a few of the big-budget community pujas does one get to see the participation of women. In most apartment pujas, women play a major role. So [...] Continue Reading »
State Bank of India has gone through teaser loan scheme by the Reserve Bank of India (RBI) in early 2009 but now ruled out relaunching a dual rate scheme for home loans due to its paying a stiff price in the form of huge provisioning. ICICI Bank and HDFC have already come up with teaser [...] 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 »
ICICI Bank will offer customers the option to choose a fixed rate of interest for one or two years, after which it will charge applicable floating rate depending on its base rate. The bank’s base rate is at 10% now. Customers opting for the product, which would be available from Friday, would have to pay [...] Continue Reading »
