Home loan

Standard Chartered Interest Only Home Loan Facility – What Does It Offer?

Once the interest only period is over, the home loan facility will be treated as a normal loan account where the EMIs include both principal and interest until maturity of the loan. Standard Chartered Bank, India has today launched its interest-only home loan facility for new and existing customers of the bank who wish to […]

Home loan

LIC Housing or IDBI will cease mortgage lending activities by November 2023: LIC IPO DRHP

Housing finance will only be done by one entity, insurer said in draft red herring prospectus (DRHP) for its initial public offering (IPO) TopicsLIC Housing Finance | IDBI Bank | Home loan With Life Insurance Corporation (LIC) becoming a parent company of both IDBI Bank and LIC Housing Finance, either subsidiary will have to […]

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Home loan: Are you ready for a more expensive home loan?

The year 2022 could see mortgage interest rates start to rise again. To cope with an increase in rates or duration of occupancy, do your financial planning carefully Lower interest rates on home loans are always a lucrative proposition for property buyers. Over the past two years, there has been a sharp decline in the […]

Home loan

Hold onto the certainty of a fixed rate home loan

With accommodative monetary policy coming to an end, it makes sense to lock in interest rates that will remain static for some time The dream of every middle-class Indian family is to own a house. This is true regardless of the city in which they reside. When a child settles into a stable job, there […]

Home loan

Bond yields at pre-Covid high, beat mortgage rates

MUMBAI: Bonds fell to a pre-pandemic low on Monday even as the sensex jumped more than 1% to close up 651 points and the rupee gained 27 paise. The government’s cost of borrowing, as evidenced by the yield on 10-year bonds, exceeded mortgage rates offered by most banks to a two-year high of 6.59%. While […]

Home loan

Latest mortgage interest rates: January 7, 2022

What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies. – Institution Amount of the loan Below Rs. 30,000,000 Rs. 30 to 75,000,000 Rs. 75,000,000 more BANKS (Floating rates) Axis Bank 6h75-7h20 6h75-7h20 6h75-7h20 Bank of […]

Home loan

The grays in the many green mortgage promises of HDFC, SBI and Co

So you are considering buying a property. And you’re looking at this at a time when there’s a full-fledged climate crisis, with cities drying up, with pollution masks long before the pandemic could, and with a general sense of “it’s time to act”. What do you do? You decide to buy an ecological house, a […]

Home loan

What factors to consider when taking out a mortgage?

The Reserve Bank of India (RBI) kept its key rates unchanged last month. This has helped banks keep interest rates on home loans low. Some lenders have even continued to reduce it further to support the ongoing recovery. Housing Development Finance Corporation, or HDFC, India’s largest housing finance company, offers home loans at […]

Home loan

What is the repo rate and how does its movement affect home loan EMIs?

There may be times when commercial banks would justify a lot of liquidity; scenarios such as sudden redemption or withdrawal of funds in bulk or in order to maintain its statutory liquidity ratio (SLR) or cash reserve ratio (CRR). In such a case, banks take loans from the Reserve Bank of India by keeping government […]

Home loan

”Low Interest Rates on Home Loans to Foster Continued Recovery in Home Sales: Estate Agents on RBI Policy

The Reserve Bank of India’s (RBI) decision to keep policy rates unchanged will lead to continued low interest rates on home loans and support the continued recovery in housing demand, property developers and consultants say. Welcoming the RBI’s policy, CREDAI Chairman Harshvardhan Patodia said that “RBI’s dovish stance on maintaining the repo and reverse repo […]

Home loan

Rbi keeps the pension rate on hold; Why mortgage borrowers should rejoice

The Reserve Bank of India (RBI) on Wednesday kept the repo rate at 4% in its monetary policy announcement, encouraging millions of mortgage borrowers. The status quo on interest rates means that the low home loan interest rate regime will continue in the market and bodes well for the housing industry and the real estate […]

Home loan

Why housing finance companies charge higher interest rates than banks

Mortgage Interest Rates (Banks vs HFC / NBFC): Home loans are provided to clients by banks and some non-bank finance companies (NBFCs) registered as Housing Finance Companies (HFCs). Home loans are provided to clients by nationalized banks and certain non-bank finance companies (NBFCs) registered as housing finance companies (HFCs). All of these institutions are regulated […]

Instant loan

Instant Loan Applications: Here’s How To Avoid Online Loan Fraud Personal finance news

New Delhi: According to a recent estimate by the Reserve Bank of India, there are over 1,100 online loan applications available in India on various internet platforms. Surprisingly, over 600 of these apps for Android users in India were illegal and they were distributed to over 80 app stores. A task force established by the […]

Instant loan

Key things to keep in mind to avoid online loan fraud

The Reserve Bank of India, in a recent report, found that in India about 1,100 online loan applications exist on Internet platforms. However, shockingly enough, as many as 600 of these apps for Android users in India, operating in over 80 app stores, were illegal. Proposing stricter regulations for these digital lending apps, a task […]

Home loan

SBI Home Loan State Bank of India Realty Gold Loan Scheme Interest Rate Eligibility

New Delhi: The State Bank of India (SBI) offers a “real estate gold loan program” to its client. As part of this program, one can benefit from a quick and hassle-free loan to compensate for the shortfall in the financing of the house of his dreams. “Golden border for the house of your dreams. Use […]

Home loan

How to Improve Home Loan Eligibility After Rejection – Forbes Advisor INDIA

Home loans often have a long life, prompting lenders to follow strict discipline. They are satisfied with a guarantee that the money lent will be repaid without complications. If the lender is not satisfied, he has the right to refuse your home loan for any reason. This can be disappointing and derail your goals. However, […]

Home loan

Kotak announces new home loan interest rate of 6.55%

MUMBAI, India, November 08, 2021 (GLOBE NEWSWIRE) – Kotak Mahindra Bank Ltd. (KMBL) today announced a new mortgage interest rate of 6.55% pa, valid from November 9 to December 10, 2021 (both days inclusive), as it continues to set the tone by offering home buyers one of the lowest interest rates on the market. Earlier […]

Home loan

Kotak announces new home loan interest rate of 6.55%

This special rate is valid from November 9 to December 10, 2021 Kotak Mahindra Bank Kotak Mahindra Bank Kotak Mahindra Bank MUMBAI, India, November 08, 2021 (GLOBE NEWSWIRE) – Kotak Mahindra Bank Ltd. (KMBL) today announced a new mortgage interest rate of 6.55% pa, valid from November 9 to December 10, 2021 (both days inclusive), […]

Home loan

Kotak announces new home loan interest rate of 6.55%

MUMBAI, India, November 08, 2021 (GLOBE NEWSWIRE) – Kotak Mahindra Bank Ltd. (KMBL) today announced a new mortgage interest rate of 6.55% pa, valid from November 9 to December 10, 2021 (both days inclusive), as it continues to set the tone by offering home buyers one of the lowest interest rates on the market. Earlier […]

Home loan

Banks Attract More Home Loan Customers During Festival Season

Banks seem to be showing a clear preference for increasing their home loans over personal lending over the current holiday season, judging by the recent interest rate cuts they have made. Most banks announced a cut in mortgage interest rates, which are now at an all-time low, but interest rates on other loans such as […]

Home loan

Diwali 2021 SBI mortgage interest rate PNB Canara Bank of Baroda Kotak Mahindra Bank of India

New Delhi: If you are looking to have your dream home this Diwali, there are a number of banks offering lucrative home loan deals. State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, Bank of Baroda, Bank of India and Kotak Mahindra Bank offer low interest rates and reduced processing fees.Also Read – […]

Home loan

Improved affordability of residential assets, lowest interest rate on record pushing demand for home loans

Favorable demographics, better affordability of residential properties and historically low mortgage rates are boosting demand for home loans, mortgage lenders have said. Several major banks, mortgage companies and housing finance companies significantly reduced their mortgage interest rates during the festival period to take advantage of the resumption in housing demand after the second wave of […]

Home loan

SBI Home Loan Calculator: Rs 50 lakh for 20 years at 6.7% – This will be your NDE | Check how to apply online, required documents and more

SBI Home Loans: India’s largest lender, State Bank of India (SBI), claims to have helped over 30 lakh families achieve the dream of owning a home. The bank says it offers personalized home loans according to individual needs with home loans such as regular home loan, SBI Privilege home loan for government employees, SBI Shaurya […]

Home loan

Bank Of Baroda Mortgage Rates: Bank Of Baroda Lowers Mortgage Interest Rate To 6.5%: Check All Features Here

Bank of Baroda shares last traded up 0.24% at Rs 84.20 on BSE The Bank of Baroda has lowered its interest rate on home loans from 6.5% to 6.75% to help customers looking for affordable loans during the holiday season. The public sector bank shared in a statement that the interest rate cut on home […]

Home loan

Bank of Baroda Reduces Mortgage Interest Rate to 6.5%: Get Details Here

Just as many other banks have done in the past month, it announced today that it has reduced the interest rate on its home loan for a limited period during the holiday season. Bank of Baroda has announced that it has reduced its mortgage interest rate to 6.5% effective October 7, 2021. The special mortgage […]

Home loan

Foreign banks compete for greater share of mortgage market

Balance transfers have proven to be a preferred option for foreign banks because they are easier to find. They are also considered to be more secure because the lender gets an overview of the borrower’s repayment history. Taking advantage of record interest rates and higher housing affordability, foreign banks operating in India are aggressively entering […]

Home loan

SBI 2021 mortgage interest rate Processing fee CIBIL State Bank of India Mangalore

New Delhi: Customers of the State Bank of India (SBI) in Mangalore are eligible for a home loan at a nominal interest rate. They will also benefit from 100% exemption from loan processing fees. SBI offers its mortgage for the purchase of land or land, the construction of a house, the purchase of an apartment […]

Home loan

PNB mortgage festival offer: get a mortgage at this interest rate and without administrative fees – Check the advantages here

PNB mortgage festival offer: Several banks are offering low-rate home loans for this holiday season. Customers of the Punjab National Bank (PNB) should note that PNB also offers home loans at an interest rate of 6.60 percent. In case of questions and further details, interested customers can log into the official PNB website at pnbindia.in. […]

Home loan

Should you go?

Almost all banks try to attract customers with attractive offers, ranging from low interest rates to zero processing fees. It’s that time of year when it rains festive offers on home loans. Almost all banks try to attract customers with attractive offers, ranging from low interest rates to zero processing fees. Offers India’s largest bank, […]

Home loan

Fixed vs. floating mortgage interest rates: which one to choose?

Shikha, 40, mother of two, is an IT professional. She has lived with her parents since her husband died five years ago. She thinks the time has come to buy her own house. She has approached lenders for a home loan and must choose between a fixed rate loan and an adjustable rate loan. Which […]

Home loan

Home Buyers Alert! Check Out These Home Loan Offers From SBI, BoB, PNB, HDFC & Kotak Mahindra – See Everything You Need To Know

Home loan for the end of the year holidays: There is good news for home buyers. Several banks are offering real estate loans for the next Christmas and New Year holidays. In the midst of this COVID-19 pandemic, these offers from banks may be cause for celebration for housing seekers. See Zee Business Live TV […]

Home loan

SBI Home Loan: Check State Bank of India Holiday Season Benefits; see how to apply, check the full process here

SBI Real Estate Loan Via YONO: As the holiday season approaches, customers of the State Bank of India (SBI) have good reason to rejoice despite the ongoing COVID-19 pandemic. The country’s largest public sector bank has implemented a number of home loan benefits that buyers can take advantage of. In case of questions, interested customers […]

Home loan

Documents required to benefit from the SBI mortgage loan. Interest rate at 6.7%

SBI home loan interest rate: India’s largest lender cuts rate to 6.7% State Bank of India (SBI), the country’s largest mortgage lender is offering home loans at 6.70% interest rate, and customers looking for affordable loans during the holiday season have the option of considering the first credit score of its kind related to home […]

Home loan

SBI, PNB, BoB, Kotak Bank have reduced mortgage rates; check details here

In this festive period, public and private sector banks are competing to offer attractive interest rate offers to retail loan customers. State-owned banks like the State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) are now offering home loans at record interest rates to take advantage of holiday demand. end […]

Home loan

Home loan competition intensifies as banks embark on a wave of lower interest rates

As the economy is recovering and the home buying market is expected to see growth in the upcoming festival season, lenders are rushing to lure home loan customers with rate cuts. ‘interest. Although the Reserve Bank of India (RBI) has kept policy rates unchanged at 4% for the past seven review meetings, banks led by […]

Home loan

utsav: Bangalore: SBI home loan expo today | Bangalore News

The State Bank of India is organizing a Utsav Home Loan on Saturday and Sunday in association with The Times of India. The Utsav was inaugurated at 9:30 am. It will continue until 7:30 p.m. at the local SBI headquarters on St Mark’s Road. Nand Kishore, Chief Managing Director, SBI, Bangalore Circle, said: “We believe […]

Home loan

Hurry! SBI 100% Home Loan Processing Fee Waiver Offer Ends Tomorrow

Last month, the country’s largest lender, the State Bank of India (SBI), announced the waiving of processing fees on home loans until the end of August. Currently, the application fee on home loans is 0.40%. The SBI said it was the bank’s limited-time “Monsoon Dhamaka” offer, through which a home loan customer can earn significantly. […]

Home loan

Home loan delinquencies: demand, possession and auction notices rise as defaults rise

Historically, a home loan has been considered the safest variety of credit because there is security attached to it and most borrowers want to avoid losing their home. The notices of application and possession of apartments purchased with the help of home loans are increasing as defaults increase in the segment. In recent weeks, both […]

Home loan

Home loan transfers up 42% in January-June compared to the previous 6 months

MUMBAI: There has been a 42% increase in the number of borrowers making home loan balance transfers in the first half of the 2021 schedule compared to the previous six months from July to December. On the other hand, mortgage applications recorded an increase of 26% in the first half of the year. According to […]

Home loan

Mortgage rates unlikely to fall further as RBI keeps rates unchanged

The unchanged pension rate at 4% by the RBI in the August bimonthly monetary policy statement bodes well for mortgage loan borrowers because retail mortgage rates are directly linked to benchmark repo rates. Currently, most mortgage rates from banks, NBFCs are below 7%. Rates even drop below 3% for borrowers who benefit from government grants […]

Home loan

Maintenance of the good low rate regime for mortgage borrowers, to facilitate the revival of real estate: Experts

Some developers believe, however, that given the current scenario, a slight drop in key rates would have been widely celebrated as low interest rates have been a crucial factor in boosting demand in the real estate sector. As widely expected, the Reserve Bank of India (RBI) kept its policy rates unchanged during its bimonthly monetary […]

Home loan

Many banks’ mortgage portfolios are starting to show signs of strain

Many banks’ mortgage portfolios have shown signs of strain, with data from one of the main guarantors of these advances suggesting an almost three-fold increase in the pool of mortgage delinquencies over the past 15 months, which has witnessed several waves of job losses and wage cuts. But a recovery is probably underway and the […]

Home loan

Get a 0% processing fee home loan now until August 31

SBI mortgage offer: Here is wonderful news for homebuyers during this pandemic time. The State Bank of India (SBI) on Saturday announced a special “Monsoon Dhamaka” offer to its customers in which buyers can receive loans with no processing fees until August 31. SBI already offers one of the lowest interest rates on its home […]

Home loan

What is LTV in a home loan and why is it important? – Advisor Forbes INDIA

The initial down payment for a home is one of the biggest concerns for a homebuyer. Even paying a small percentage of the property’s value can have a huge impact on your borrowing ability and the overall cost of the loan. The initial down payment plays a crucial role in qualifying for a home loan […]

Home loan

How to Download SBI Home Loan Interest Certificate Online

The SBI home loan interest certificate shows a break in the repayment of the SBI home loan for one fiscal year. This is a crucial certificate that includes essential information such as borrower’s personal information, home loan account number, principal amount, interest amount, actual repayment, and payments due or expected. Recently, India’s main lender, State […]

Home loan

SBI Home Loan Interest Certificate Online Download: Step-by-Step Guide

New Delhi: State Bank of India (SBI) clients can now get a copy of their mortgage interest certificate from home. SBI home loan borrowers can easily download the certificate using Online SBI or SBI Quick. They will no longer need to go to the SBI agency if they need a copy of the mortgage loan […]

Home loan

When Should You Transfer Your Home Loan Balance? – Forbes Advisor INDIA

A home loan balance transfer is the process of transferring an existing home loan to another lender at a lower interest rate and other benefits. It’s quite similar to getting a new home loan. When a borrower makes a balance transfer, their total outstanding loan will be transferred to the new account where the new […]

Home loan

Save lakhs on home loan! Here’s what you need to do

Banking entities across the board have been steadily cutting home loan interest rates since the last quarter of 2020, passing on the rate advantages to customers. This accelerated the decline in demand for housing loans. The lower interest rate regime is here to stay amid Covid-19. The lower interest rates bring a lot of relief […]

Home loan

ICICI Bank lowers mortgage rate to 6.7%

Like most banks, home loan interest rates at ICICI Bank vary based on various parameters such as office ratings, customer profile, and customer segments, among others. Amid a rate war in the home loan sector, private sector lender ICICI Bank on Friday announced an interest rate cut to 6.7% for loans up to Rs 75 […]

Instant loan

SBI alert! Bank warns customers not to click on links in illicit instant lending messages | Personal finance news

You should be familiar with the instant loan messages that appear on your phone with almost everyone. In today’s generation, everyone needs a loan to maintain a certain lifestyle and that makes that person click on such potentially dangerous links and then later they worry about it when his bank account is emptied. In order […]

Instant loan

Google Removes 100 Scam Instant Loan Apps From Play Store After Indian Government Pressure

In recent times, Google has taken tough action against developers who violate its policies. Last year, he had removed the popular e-commerce payment system Paytm from his store for a short time. Recently, the Indian government and the Reserve Bank of India have started to review various money lending applications. For those who don’t know, […]

Instant loan

Cyberabad Police Develop Plan to Check Instant Loan Fraud

Hyderabad: Following recent cases related to instant loan scams, Cyberabad police decided to come up with a plan and set long term goals to check the threat of such loan fraud. Cyberabad Police Commissioner VC Sajjanar and officers from Hyderabad, Cyberabad and Rachakonda police stations dealing with instant loan application fraud held a coordination meeting […]

Instant loan

Protect yourself from the trap of instant loan applications; SBI warns customers and shares 4 tips | Personal finance news

New Delhi: State Bank of India (SBI) is very active on the microblogging site Twitter and occasionally continues to educate clients on security measures regarding banking, lending, ATM practices and more . The State Bank of India keeps reminding customers of how to adopt certain practices amid growing cases of bank and loan fraud. It […]

Instant loan

Instant loan app scam: don’t fall prey to unauthorized mobile apps, warns RBI

Consumers should never share copies of KYC documents with unidentified, unverified / unauthorized applications, RBI said. Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh The Reserve Bank of India has warned against loans offered by unauthorized digital platforms, with mobile apps promising a quick and hassle-free process. The warning comes amid […]

Instant loan

Telangana Police Say Online Instant Loan Apps Illegal, Will Take Action

Taking seriously various mobile app companies that offer instant loans, Telangana Police said on Friday that there are at least 60 such loan applications available on the Google Play Store that are not registered or recognized by the Reserve. Bank of India as NBFC and their operations were illegal. Telangana DGP office response comes in […]