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Home loan: era to move to base rate
The interest rates in the country have started firming up with an uptrend in the growth rate of the economy. Even the Reserve Bank of India (RBI) is increasing the policy rates, which would lead to a rise in the interest rates, to contain the rising inflation in the country. On July 2, in order to contain the price rise, the RBI increased its repo rate – the rate at which it lends short-term... [Read more]
HDFC offer home loans at 8.25%
Loans leader HDFC announced a new concessional rate home loan scheme, where it will charge a low 8.25 % interest from borrowers in the first year. Within days of state-run SBI extending its 8 % teaser rate home loans till September, private sector giant HDFC today said that it would offer 8.25 % initial interest rate till August 31. The 8.25 % rate would be charged till March 31, 2011, and would increase... [Read more]
SBI seems big rush in home loans
SBI, India’s largest lender in loans, is collar and collar with mortgage leader and pioneer HDFC in terms of home loans outstanding, according to data from Icra, the rating agency. Now it wants to pull ahead. The bank is aiming to increase its home loan portfolio (opening balance of loans plus loans disbursed less repaid in a year) by 31Percent this year, the same as last fiscal, but the pie will... [Read more]
Fixed rates loans the best option
The RBI increased the repo and reverse repo, the rates at which it lends to and borrows short-term money from banks, by 25 basis points. It hiked the cash reserve ratio (CRR), the portion of money that commercial banks deposit with the central bank, by an identical percentage. The move was to draw out Rs 12,500 crores from the system. The hike in the repo and reverse repo rates, to 5.25 and 3.75 percent... [Read more]
Get Quick Home Loans in India
Axis bank is providing quick home loans for the people in India at very low home loan rates, so the people in India who think about how to get quick home loans can go to axis bank now. People can apply axis bank home loans to buy a new flat or to construct a new house or even to rebuild an existing house; all the salaried and self-employed persons who were aged above 22 years and earning above 1.75... [Read more]
