Home Loan
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Loan pricing: RBI moots market-based benchmark; may end banks’ discretion in fixing rates
Business | Oct 05, 2017, 09:34 AM ISTThe move is aimed at bringing transparency in loan pricing and ensure that the benefits of change in policy rates are passed on to borrowers.
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After SBI and other rivals, Axis Bank cuts home loan rates to 8.35 pc
May 18, 2017, 02:33 PM ISTTaking a cue from its larger rivals, private sector lender Axis Bank today announced a rate cut of up to 0.30 per cent for home loan borrowers
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HDFC, ICICI cut interest rates, match SBI’s 8.35 pc for home loans up to Rs 30 lakh
May 16, 2017, 12:21 PM ISTAs per the new rates, salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent for loans up to Rs 30 lakh
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Home loan EMIs get Rs 2,000 cheaper under Pradhan Mantri Awas Yojana. Read how
Mar 23, 2017, 12:33 PM ISTLoans approved or under consideration as on January 1 will be eligible for the interest rate subisdy on home loans
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After SBI, ICICI and HDFC all set to cut home loan rates by up to 0.20 pc today
Nov 03, 2016, 02:11 PM ISTFollowing the announcement by SBI slashing interest rates on home loans by 15 basis points to 9.15 per cent, a six year-low, private lenders including ICICI Bank and HDFC are also set to reduce the home loan rates by up to 0.20 per cent.
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Good news for home buyers! State Bank of India cuts home loans to lowest in 6 years
Nov 02, 2016, 12:07 PM ISTBringing cheers to the prospective home buyers, State Bank of India (SBI) has cut home loan rates to 9.1% -the lowest in six years -as part of a festive scheme.
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SBI cuts home loan interest rate to 9.45 %
Apr 07, 2016, 11:42 PM ISTNew Delhi: State Bank of India has lowered its lending rate for home loans to 9.45 per cent and further to 9.4 per cent for women customers following implementation of a new interest rate calculation
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Know how repo rate cut may reduce your EMI
Jun 02, 2015, 06:48 PM ISTNew Delhi: The Reserve Bank of India today slashed its short-term lending rate by 25 basis points in its bi-monthly monetary policy review. After the cut, the repo rate will decline to 7.25 per cent
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Bank of Maharashtra cuts base rate by 0.25 pc
May 30, 2015, 06:39 AM ISTMumbai: State-run Bank of Maharashtra on Friday trimmed its base rate by 25 basis points to 10 per cent, effective Monday, following its larger peers, which will bring down the cost of home, car and
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Home prices high, but affordability rising: HDFC
May 18, 2015, 10:08 AM ISTNew Delhi: Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant
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SBI cuts home loan interest rate by up to 0.25 pc
Apr 12, 2015, 07:06 PM ISTNew Delhi: Matching its competitor HDFC Ltd, State Bank of India today announced a cut in home loan rate by up to 0.25 per cent, providing relief to new borrowers.The cut in interest rate on
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Be a smart property buyer with a pre-approved home loan
Mar 18, 2015, 11:44 PM ISTHome buyers, and especially first-time buyers, would like to be in the best position to make their purchase once they have identified their dream home. The most challenging aspect of home ownership is invariably financing.
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SBI eases personal loans for existing home-loan customers
Mar 12, 2015, 01:54 PM ISTNew Delhi: There is good news for all the existing home loan customers of State of Bank of India.As per the latest bonanza offered by bank they can take personal or top up loans at
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Government will reduce interest rates on home loans: Naidu
May 28, 2014, 10:25 PM ISTNew Delhi: The interest rates on home loans will be reduced, Urban Development Minister Venkaiah Naidu announced Wednesday.Soon after taking charge of the ministry here Wednesday, Naidu said that interest rate reduction is necessary if
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ICICI Bank cuts home loan rates
May 20, 2014, 04:49 PM ISTNew Delhi: The country's largest private sector lender, ICICI Bank, has cut home loan rates for women and salaried individuals by 0.15 per cent and 0.1 per cent, respectively. Home loans up to Rs 75
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SBI to hold home loan rates
Apr 05, 2014, 10:15 PM ISTKolkata: The State Bank of India (SBI) will hold on to its home loan rates, a senior official of the bank said here today.“Home loan rates will remain as they are,” SBI Chairperson and Managing
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Is it right time to take a home loan and a property?
Mar 12, 2014, 04:42 PM ISTNew Delhi: Because of the on-going economic uncertainties, many aspiring home owners in Pune are still hesitant about taking a home loan and buying a residence. One of the questions that people, who seek to
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Link home loans to stages of construction: RBI to banks
Sep 03, 2013, 07:53 PM ISTMumbai: The Reserve Bank today asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of “innovative” housing financing schemes. “In view
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Indiabulls Fin Services merges with its home loan arm
Mar 09, 2013, 06:14 PM ISTMumbai, Mar 9: Indiabulls Financial Services (IBFSL) has merged with Indiabulls Housing Finance (IHFL) and the new entity will focus on mortgage business.The merged entity has been registered as a Housing Finance Company (HFC) with
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RBI Asks Banks Not To Levy Pre-Payment Charges On Home Loans
Apr 17, 2012, 08:37 PM ISTMumbai, Apr 17: Providing relief to home loan borrowers, the Reserve Bank today asked banks not to levy any penalty on pre-payment of loans taken on floating rate.“Though many banks have, in the recent past,