Home Loan

  • SBI slashes home loan rates by up to 0.4 per cent 19-12-2013 05:55 PM

    Country's largest bank SBI on Thursday cut home loan rates by up to 0.4 per cent for new borrowers, a day after RBI kept its key policy rates on hold. Women borrowers would get an additional 0.05 per cent concession on card rates. SBI home loans will now be available...
  • JPMorgan's $5 billion settlement doesn't end its troubles 26-10-2013 09:57 AM

    Washington: The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold. It's merely a down payment. JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs - and it may need it all....
  • SBI increases its minimum rate of lending to 9.80 per cent, makes loans costlier 19-09-2013 11:39 AM

    The country's largest lender, State Bank of India, on Thursday said it increased its base rate, or the minimum rate of lending, to 9.80 per cent, a day ahead of the RBI's policy review. "State Bank of India has revised the base rate by 0.10 per cent from 9.70 per...
  • RBI, Finance Ministry to consider cheaper auto, home loans scheme 18-09-2013 05:02 PM

    With little headroom to cut interest rates, the Finance Ministry and the RBI are considering a plan to give cheaper funds to banks to lend to the auto and housing sectors as the festive season approaches. "The Finance Ministry is evaluating a scheme launched by the Bank of England wherein...
  • Link disbursal of home loans to stages of construction: RBI to banks 04-09-2013 08:07 AM

    The Reserve Bank on Tuesday 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 of the higher risks associated with such lump-sum disbursal of sanctioned housing loans and customer...
  • RBI tightens home loans norm, asks banks to link disbursal to construction 03-09-2013 07:51 PM

    Mumbai: The Reserve Bank of India on Tuesday 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 of the higher risks associated with such lump-sum disbursal of sanctioned housing...
  • Corporate reputations for fair play can be fluff when regulators sleep

    Espresso Economics |  Vivian Fernandes
    A 19 October, 2011 circular of the National Housing Bank says no penalty or fee for prepayment of home loans can be charged, provided the...

  • Budget 2013: Luxury homes to cost more 28-02-2013 05:08 PM

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  • RBI credit policy highlights 29-01-2013 11:47 AM

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  • RBI cuts repo rate, CRR by 25 bps 29-01-2013 11:24 AM

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  • RBI to hit pause button on interest rates? 16-12-2011 08:10 AM

    CNBC TV18's Banking Editor Latha Venkatesh explains how the decision's taken at the RBI's credit policy meet on Friday will impact consumers. ...
  • India @ 9 with Rajdeep Sardesai 25-10-2011 11:18 PM

    Kiran Bedi's travel agent quits her trust. Loans to get costlier as RBI hikes rates again. ...
  • Loans: EMIs go up, but no pre-payment penalty 25-10-2011 11:07 AM

    Mumbai: A day before Diwali, the Reserve Bank of India on Tuesday increased the repo rate by 25 base points to 8.5 per cent in its mid-year-credit policy. This move will lead to costlier loans for the consumers. But on the positive note, no more pre-payment penalty will be charged...
  • RBI to announce credit policy today; rate hike likely 25-10-2011 07:30 AM

    New Delhi: The Reserve Bank of India will be announcing its mid-year credit policy on Tuesday, which may dampen the spirit of Diwali as it is expected to increase the repo rate by 25 basis points to 8.5 per cent. This will be the 13th raise in last 19 months....
  • RBI may hike rates again, loans to get costlier 24-10-2011 04:56 PM

    Mumbai: The Reserve Bank of India (RBI) is widely expected to again hike key policy rates on Tuesday to curb stubbornly high inflation. The 13th hike since March 2010 will make home and auto loans costlier and put further pressure on economic growth. With food inflation entering double digit figures...
  • Now, no pre-payment penalty on housing loans 20-10-2011 11:08 AM

    New Delhi: There is good news for millions of house owners, who have acquired their homes on EMIs, before Diwali. The housing finance regulator, National Housing Bank, has banned the levy of pre-payment penalty. As per the new norm, there will be no penalty charges even if the pre-payment is...
  • HDFC Q2 net up 20 pc at Rs 971 cr 17-10-2011 03:14 PM

    Mumbai: Housing mortgage lender HDFC on Monday reported a 20 per cent increase in its net profit to Rs 971 crore for the second quarter ended September 30 vis-a-vis the corresponding period last fiscal. Housing Development Finance Corporation (HDFC) had posted a net profit of Rs 807.54 crore for the...
  • Will affordable housing crack due to rate hike? 16-09-2011 03:30 PM

    Mumbai: The Land Bill cast a dark cloud over planned townships, reducing chances of availability of good homes at affordable rates. Now, looks like the interest rate hike is going to rain it down hard, making affordable housing almost akin to a dream. RBI on Friday hiked base rates for...
  • RBI may hike rates by 25 bps on Friday 15-09-2011 06:44 PM

    New Delhi: The Reserve Bank of India (RBI) is likely to hike interest rates by 25 bps on Friday as inflation nears double digits. It will be the twelfth hike in 18 months. While home loan EMIs may go up as a result of the RBI rate hike, the fixed...
  • RBI may hike key rates, loans to get costlier? 26-07-2011 07:36 AM

    New Delhi: The Reserve Bank of India (RBI) might hike key interest rates at its policy review on Tuesday to tame inflation. The hike is likely to further dampen the demands for home and car loans which are already the lowest in recent months. The RBI on Monday gave strong...
  • RBI hikes repo, savings bank interest rates 03-05-2011 11:13 AM

    Mumbai: The Reserve Bank of India (RBI) on Monday raised the repo (rate at which it lends to banks) and the reverse repo (rate at which it borrows) rates by 50 basis points to 7.25 per cent and 6.25 per cent. RBI Governor D Subbarao in his credit policy announcement...
  • SBI withdraws teaser home loan scheme 20-04-2011 07:12 PM

    Mumbai: Amid concerns expressed by the Reserve Bank, country's largest lender State Bank of India (SBI) on Wednesday announced withdrawal of special home loan schemes, or teaser rates, with effect from May 1. SBI Easy Home Loan and SBI Advantage Home Loan (teaser rate products) will be replaced by floating...
  • SBI's special home loan rates at 8.5 per cent 01-01-2011 12:15 AM

    Mumbai: Country's largest bank SBI on Friday announced special lower home loan rates for the first few years which are, however, higher than the lender's much-flayed but most popular teaser rates...Under the new special scheme, home loans of up to Rs 75 lakh attract 8.50 per cent interest rate for...
  • CBI probing 16 companies in housing loan scam 25-11-2010 09:51 AM

    New Delhi:The government on Thursday said the income tax department would look into the tax issues relating to the housing loan scam racket. Meanwhile, the deadline for the notices issued by the CBI to 16 companies who allegedly received undue favours in the multi-crore housing loan scam ends on Thursday....
  • SBI raises lending rate, loans to cost more 16-08-2010 01:19 PM

    New Delhi: State Bank of India, the country's largest lender, on Monday raised benchmark lending rate by 50 basis points to 12.25 per cent, making home, vehicle and other corporate loans linked with the rate costlier to existing borrowers. However, for new borrowers the base rate, which became effective from...
  • RBI hikes rates to ease price rise 19-03-2010 10:20 PM

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