Home Loans
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Obama pitches mortgage overhaul as housing rallies
World | Aug 07, 2013, 09:16 AM ISTPhoenix, Aug 7: President Barack Obama on Tuesday proposed a broad overhaul of the U.S. mortgage finance system, including winding down government-backed mortgage giants Fannie Mae and Freddie Mac. He declared that taxpayers should never
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Federal Bank offers home loans at base rate this month
Oct 03, 2012, 04:58 PM ISTMumbai, Oct 3: Private sector lender Federal Bank today said home loans will be offered at its base rate, which is pegged at 10.45 percent, from October 3 to October 18 as part of the
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Government extends interest subsidy scheme on home loans up to Rs 15 lakhs for one year
Jul 04, 2012, 03:41 PM ISTNew Delhi, Jul 4: The government on wednesday extended by one year the one per cent interest subsidy scheme on housing loans of up to Rs 15 lakh, where the cost of the house does
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Banks told to stop pre-payment penalty on home loans
Jun 05, 2012, 09:50 PM ISTMumbai, Jun 5: In a relief to borrowers, the Reserve Bank of India on Tuesday asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating interest rates.“It has...been decided that
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Prepayment Penalty On Home Loans On Way Out, Indictes RBI
Oct 27, 2011, 07:18 PM ISTMumbai, Oct 25: Borrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties charged by banks.“It is proposed to implement the recommendations of
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RBI Raises Key Rates By 25 Bps; Auto, Home Loans To Cost More
Sep 16, 2011, 11:02 PM ISTMumbai, Sep 16 : Concerned over high inflation, the Reserve Bank today raised key interest rates by 25 basis points, its 12th such hike since March, 2010, making auto, home and other loans more expensive.