Home Loans

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Home Loans - Total results - 93
HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share
Business

HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share

HDFC said in a statement that 36% of home loans approved in volume terms and 18% in value terms in FY20 were to economically weaker section and low-income groups.

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper
Business

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY
Business

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects.

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers
Business

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers

Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score
Business

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps
Business

SBI cuts savings bank deposits interest rate by 25 bps to 2.75%; reduces lending rate by 35 bps

The country's largest lender SBI on Tuesday said it has cut savings rate by 0.25 percent to 2.75 percent on all deposits

SBI cuts FD interest rates second time in a month, reduces MCLR by up to 15 bps; home, auto loans to become cheaper
Business

SBI cuts FD interest rates second time in a month, reduces MCLR by up to 15 bps; home, auto loans to become cheaper

The country's largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of fund-based lending rate (MCLR) by up to 15 basis points across various tenors, effective 10 March

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper
Business

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper

State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective 12 February

Budget 2020: Liquidity crunch, unsustainable debt levels paralyse real estate sector; industry seeks sops for revival
Business

Budget 2020: Liquidity crunch, unsustainable debt levels paralyse real estate sector; industry seeks sops for revival

Given the real estate sector contributes to around 8 percent of the total GDP of the country, it is vital that urgent measures be taken by the government to revive it

Bank of Baroda cuts one-year MCLR to 8.25% after repo rate unchanged in monetary policy review
Business

Bank of Baroda cuts one-year MCLR to 8.25% after repo rate unchanged in monetary policy review

The one-year MCLR is used as a benchmark for setting most of the personal loans such as home and auto

HDFC trims lending rate by 10 basis points; move will bring down interest rates for borrowers
Business

HDFC trims lending rate by 10 basis points; move will bring down interest rates for borrowers

The new rate will be effective from 15 October, HDFC said in a statement.

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
Business

Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper

About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why
Business

RBI monetary policies have become a joke to individual borrowers and small businessmen; here's why

Despite the 135 basis points cut in repo rate, at which the Reserve Bank of India (RBI) lends short-term funds to banks, banks have lowered only 30-40 bps to their borrowers

RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper
Business

RBI cuts repo rate by 25 bps to decade-low of 5.15% to revive growth; home, auto loans to become cheaper

The Reserve Bank on Friday cut its benchmark lending rate by 0.25 percent to revive growth that has hit six-year low of 5 percent, and affirmed commitment to remain accommodative to address growth concerns 'as long as necessary'

SBI to adopt repo rate as external benchmark for all floating rate loans from 1 October
Business

SBI to adopt repo rate as external benchmark for all floating rate loans from 1 October

State Bank of India on Monday said it will adopt repo rate as the external benchmark for all floating rate loans for MSME, home and retail loans, from 1 October, 2019

IDBI Bank launches repo-linked home, auto loans at interest rates starting from 8.30% per annum
Business

IDBI Bank launches repo-linked home, auto loans at interest rates starting from 8.30% per annum

IDBI Bank on Friday said it will offer repo-linked home and auto loans with interest rates starting from 8.30 percent per annum

Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war
Business

Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war

At the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.

Oriental Bank of Commerce offers home, vehicle loans at new repo-linked rates of 8.35-8.75%
Business

Oriental Bank of Commerce offers home, vehicle loans at new repo-linked rates of 8.35-8.75%

State-owned Oriental Bank of Commerce (OBC) on Tuesday said customers can now avail home and vehicle loans at repo-linked interest rates starting from 8.35 percent and 8.70 percent, respectively

State Bank of India cuts benchmark lending rates by 15 bps across all tenors shortly after RBI slashes repo rate
Business

State Bank of India cuts benchmark lending rates by 15 bps across all tenors shortly after RBI slashes repo rate

State Bank of India (SBI), the country’s largest lender by assets, on Wednesday, cut its benchmark lending rates by 15 basis points across all tenors, shortly after the central bank slashed interest rates by a larger-than-expected 35 bps to boost the economy

Real Estate Sector Budget 2019: Additional tax deduction of Rs 1.50 lakh on interest on home loans taken up to Mar 2020 proposed
Business

Real Estate Sector Budget 2019: Additional tax deduction of Rs 1.50 lakh on interest on home loans taken up to Mar 2020 proposed

Government is proposing additional tax deduction of Rs 1.50 lakh on interest paid on home loans taken up to March 2020