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Time to Shift Your Home Loan from BPLR to Base Rate

If you had applied for a home loan before 1 July last year and it hasn’t been renewed since then, in all likelihood, the interest on your loan is still based on BPLR. It has now been a year since the Reserve Bank of India directed banks to move from the BPLR to base rate as the benchmark interest rate for loans granted after 1 July. No banks are allowed to lend below this base rate. “If... [Read more]

SBI’s Loans Won’t be Termed as Teaser Loans

With the finance ministry’s economic survey backing State Bank of India’s (SBI) controversial yet popular home loan scheme, bank chairman O P Bhatt said SBI will not have to make any special provisioning for such loans. SBI’s home loans, which offer a lower interest rate in the initial years and rate increases in the later years, were termed teaser loans by the Reserve Bank of India (RBI).... [Read more]

What Banks offer! | Home Loan India

Today, banks play a major in every person’s life. People keep their savings in banks or other valuables like gold or confidential documents, etc in the locker allotted by their respective bank. Borrowing and lending is the only thing they know. Besides offering a savings account, banks also lend money to its customers. Whether you have an account or not in the bank, they will give you loan depending... [Read more]

Confused? in opting Housing Loan

You might been have opted a housing loan from any Financial Institution a year ago or so! Do you re Read More →