Loan Rate

  • IMF agrees to give Pak USD 5.3 bln loan to boost growth July 5, 2013

    Islamabad: The International Monetary Fund on Thursday agreed to extend a USD 5.3 billion threeyear loan facility to Pakistan to boost the country's foreign exchange reserves, fight an acute energy crisis, and prop up a sliding currency. Pakistan Finance Minister Ishaq Dar and Head of the IMF Mission Jeffrey Franks told...
  • ICICI Bank cuts home, auto loans rates October 11, 2012

    Mumbai: Country's largest private sector lender ICICI Bank on Thursday announced a cut in their home loan and automobile loan rates. While home loan rates have been cut by one percentage point, the rates on auto loan have been slashed by 0.75 percentage point. But the bad news is that...
  • PNB lowers home, car loans interest rates September 3, 2012

    New Delhi: Stateowned Punjab National Bank (PNB) on Monday slashed interest rates on home loan and car loans by up to 0.5 per cent. In the housing loan segment, rate has been reduced by 0.25 per cent while interest rate on car loans has been slashed by 0.5 per cent...
  • RBI scolds banks on home loans February 12, 2010

    Mumbai: The central bank has stepped in to help home loan customers who opted for floating interest rates but have not get any benefit in almost two years. The RBI has sought clarity from the Indian Banks Association (IBA), asking why new home loan buyers were lured by lower interest rates...
  • ICICI drops home loan rates for existing customers April 20, 2009

    The rate cut war continues. When the State Bank of India (SBI) offered new home loans at 8 per cent interest (for the first year), HDFC upped its switching fees to 3 per cent to prevent the exodus of its customer. Now, in a move to retain old customers, ICICI Bank...
  • To switch home loan or not: How to take the decision March 30, 2009

    Home loan space has become increasingly competitive lately. What with SBI and ICICI Bank decreasing their home loan rates; and HDFC and ICICI Bank increasing the prepayment penalty from 2 to 3 per cent and 2.25 per cent respectively. What does this mean to you? Let's understand the impact of prepayment penalty...
  • LIC Housing cuts home loan rates March 17, 2009

    Mumbai: Leading mortgage financier LIC Housing Finance on Monday cut its home loan rates by 75 basis points for existing customers effective from April 1. We have seen our cost of funds coming down in the recent period and this decision (to cut rates) is in consequent to that, LIC Housing...
  • ICICI reduces new home loan rates by 0.250.50 pc March 6, 2009

    New Delhi: India's largest private sector lender, ICICI Bank, has reduced its interest rates on new home loans by 0.250.50 per cent with immediate effect. For priority sector home loans below Rs 20lakh, the new interest rate will 9.75 per cent as against the earlier 10 per cent, an ICICI Bank...
  • Private banks likely to follow cuts in loan rates March 5, 2009

    New Delhi: The heat is on private banks to reduce interest rates now that the Central bank has consistently been reducing its lending rates. In the last 5 months, the Reserve Bank has cut the repo rate 5 times and the reverse repo thrice. Despite public appeals by the...
  • ICICI Bank cuts lending rates by 50 bps December 31, 2008

    Mumbai: ICICI Bank, India's largest private lender, has cut its main lending rates by 50 basis points from Wednesday, the bank said, joining other lenders that have lowered rates to revive growth. The benchmark advance rate, or the rate that it charges its top customers, now stands at 16.75 per...
  • Banks cut home loan rates, old borrowers feel pinch December 17, 2008

    New Delhi: As public sector banks cut home loan rates significantly for new borrowers, it's the old borrowers that are feeling the pinch. The high EMIs continue and transfer of loans to cheaper rates looks tough. 8.5 per cent interest on loans below Rs 5 lakh and 9.25 per cent interest...
  • PSU cuts interest rates, home loans come cheaper December 15, 2008

    New Delhi: Public Sector banks have cut interest rates to almost 3 per cent lesser, that brings the rates down to 9.25 per cent for a loan of 20 lakh rupees. Loans below 5 lakh rupees for 20 years will now attract a maximum rate of 8.5 per...
  • Loans becoming dearer as banks up lending rates August 1, 2008

    Mumbai: Housing and various other loans have become costlier as premier lenders like ICICI Bank and HDFC Ltd on Thursday decided to up their lending rates a move that is estimated to add 1220 per cent of the loan size to the repayment amount. Besides ICICI Bank and HDFC Ltd,...
  • Property prices set to slide as banks hike loan rate June 27, 2008

    New Delhi: Union Finance Minister P Chidambaram has said the double digit inflation will continue for some more weeks. The Central Government as well as the Reserve Bank of India is not going to hesitate in taking more steps to control soaring prices, if the need arises with the markets also...
  • ICICI hikes consumer loan rates by 1 pc June 19, 2007

    New Delhi: There is bad news for you if you were planning to take a home loan. ICICI bank, the country's largest home loan provider, has hiked its consumer loan rates by a full 1 per cent. CNNIBN spoke to the Deputy Managing Director of ICICI bank, Chanda Kochhar about...
  • Rising loan rates bite home buyers June 20, 2007

    Mumbai: Surging home prices and rising interest rates are beginning to bite. Many home buyers say they will have to postpone or hold their decision of buying homes right now. Cant buy a home right now as can't afford to take a home loan, Neerav Joshi, a home loan aspirant. Another home...
  • Govt doesn't favour interest rate hike November 1, 2006

    New Delhi: Amid speculations that home and personal loan rates may go up, Government said on Wednesday the 0.25 per cent hike in Reserve Bank's short term lending rate is not intended to make loans costlier but to make banks self sufficient for lending. "It (Repo rate hike) is not...