INTEREST HIKE

  • Indian Bank hikes lending rates to 14 per cent August 12, 2008

    Mumbai The public sector Indian Bank has increased its benchmark prime lending rates by 75 basis points to 14 per cent per annum with effect from Monday. However, the home loan floating rates for sanctioned limits up to Rs 3 million for both existing and fresh accounts are not being revised. Educational...
  • 'Home Sweet Home' dream going sour? Wake up July 2, 2008

    Mumbai: Is your dream of "home sweet home" increasingly burning a hole in your pocket? Clearly so, because if you had taken a Rs 20lakh home loan three years ago at 7.5 per cent interest rate, today you may be paying as high as 12.5 per cent on that loan,...
  • Home loans and how they hurt April 5, 2007

    New Delhi: Renu Bhargav's dream home is giving her sleepless nights. After buying the apartment last year with a home loan of Rs 40 lakhs, she and her husband decided to renovate it. But instead of thinking about the wall paint and tile colours, they're living with the uncertainty...
  • Home loan lending rates shoot up February 14, 2007

    Mumbai: Vishal Jain, a 36yearold media professional is in a reflective mood a sign of desperate times if you are a large home loan consumer. One year ago, Vishal took possession of a twobedroom flat, but now he is busy calculating his increasing liability. In January last year, Vishal took...