New Delhi: Country's largest lender State Bank of India (SBI) has decided to abolish pre-payment charges on home loans, giving some succour to borrowers who want to foreclose their accounts. "We have decided to do away with the pre-payment charges on all kinds of housing loans with immediate effect," a senior official of the bank told PTI. The bank has been charging pre-payment penalties only on housing loans with floating...
02:53 AM, Nov 25, 2011
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 made through funds from other banks and finance companies. This move will help all the homeowners who have availed loans...
11:08 AM, Oct 20, 2011
New Delhi: The government on Monday said low-cost housing loans of Rs 15 lakh will be eligible for one per cent interest subsidy, which will help in increasing the demand for such housing. In his Budget speech, Finance Minister Pranab Mukherjee said he is liberalising the existing scheme of one per cent interest subvention on housing loans up to Rs 15 lakh, where the cost of house does not exceed...
12:15 PM, Feb 28, 2011
Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has initiated an investigation into possible front-running and insider trading in shares of over two dozen companies, including some blue chips, by entities and persons involved in the housing-finance scam unearthed by the Central Bureau of Investigation (CBI). The initial findings, when corroborated with the charges made by the CBI, indicate towards a lage-scale front-running deals or shares being purchased...
11:49 AM, Nov 26, 2010
Mumbai: Bankers have defended the loans given to companies named in the CBI charge sheet in connection to the bribes for loan scam saying these were performing loans and were sanctioned after due process. In its chargesheet, the CBI had named officials from the Bank of India, Punjab National Bank and even a board member of Central Bank of India for allegedly accepting bribes to sanction loans, causing worries that...
09:55 AM, Nov 26, 2010
Explore all options to decide the appropriate housing loan. ...
11:14 AM, Mar 21, 2009
There will be further disincentive for banks to just park money with RBI. ...
11:44 PM, Mar 04, 2009
The cuts will have a direct impact on home loans, making them cheaper. ...
12:03 PM, Dec 04, 2008
The common man many soon get a respite from ever-rising property prices. ...
08:28 AM, Sep 13, 2007
By Tuesday afternoon the RBI governor will have announced his decision to raise or not raise rate in the economy. ...
06:59 PM, Oct 30, 2006
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