Tough Times Ahead for Home Loan Borrowers
In the current scenario, home buyers in India have little say in the interest rates on their loans. But products with flexible interest due can prove to be a big innovation in coming days as banks such as SBI, Citibank, Standard Chartered, HSBC, among others, are offering loans with flexible interest payable. The flexi or [...] Continue Reading »
With major banks and housing finance companies (HFCs) raising mortgage rates, it is tough times for a large number of home loan customers with floating rates. On Tuesday, State Bank of India, the country’s largest bank, raised both its deposit and lending rates, taking its effective home loan rate to 10.25%. A back of the [...] Continue Reading »
