Home Loans News
US Federal Reserve hikes interest rate amid banking turmoil: Does this affect American credit card spending, home loans?
The US Federal Reserve raised its benchmark interest rate by a quarter point. The ninth consecutive increase in a year was made despite fears that it could add to financial turmoil after a string of bank failures. Here’s a look at how the hike will affect finances — from credit cards to car loans
Budget 2023-24 Expectation: How government support to real estate can benefit customers, developers and economy
By 2025, the real estate sector is expected to fund 13 per cent of India's GDP, the sector also happens to be the industry that produces the second-highest amount of jobs
RBI repo rate hike: Should you pay higher EMIs or increase tenure to tackle increasing loan rates?
You can shorten your loan tenure by prepaying your home loan as and when the funds are available with you
RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs
If you took a home loan at 6.75 per cent interest a few months ago, then the same loan will be available at an interest rate of 9 per cent
Home loan repayment: Opting for longer tenure? Here's what it could mean for mortgage borrowers
According to BankBazaar’s analysis, buyers who took a home loan of Rs 50 lakh for a tenure of 20 years at 7 percent in the past two years have seen the rate increase to 8.9 percent
RBI rate hike: Home loans to get dearer, impact on residential sales to be moderate
With a hike in repo rates by 50 basis points, interest rates on home loans will rise and the affordability of buying homes will reduce
Applying for a home loan? Here's a step by step guide to the procedure
The bank scrutinises the documents submitted by the applicant like their proof of income, ability to pay back the loan, identity proof and more. A background check is also done to verify the applicant’s details
ICICI Bank cuts home loan rate to 6.70% at par with SBI; new rate available till 1 March
Borrowers of up to Rs 75 lakh will get credit at 6.70 percent while those above that threshold will need to pay 6.75 percent, the bank said
SBI cuts home loan interest rates by 10 basis points to 6.7%; offers additional benefits till 31 March
The bank said the home loan interest rates will start from 6.7 percent for loans up to Rs 75 lakh and 6.75 percent for loans in the range of Rs 75 lakh to Rs 5 crore
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
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
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
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
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
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
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
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
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
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
The new rate will be effective from 15 October, HDFC said in a statement.