Home Loans Interest Rates will be increased
It is time for the home loans interest rates hike. Already leading home loans provider HDFC and ICICI has rolled back the two year fixed rates scheme. Few weeks back RBI had hiked the CRR rates by 0.75%. It reduces the liquidity in the system and tightens the monetary policy. It leads to banks revise [...]
Implementation of base rates from July 1,2010
RBI had announced the base rate system which will set the interest rates for the bankers to lend their borrowers. Earlier the rate is known as the Prime Lending Rate(PLR) for the banks. Normally the banks can not lend the money below the PLR to avoid any loss or risk. But, banks started offering the [...]
IDBI Bank cuts Home Loans Interest Rates
After the announcement from other major banks like SBI, ICICI and HDFC to reduce the home loans interest rates, now IDBI bank joined the party to reduce the home loans interest rates effective from 16th December, 2009. It is offering 8.25 per cent fixed rate for all its new loans till March 2012. The offer [...]
ICICI Banks Cuts home loans interest rates
India’s major private bank ICICI Bank have entered the interest rate war in the home-loan market with their fixed-cum-floating rate schemes. ICICI Bank has launched a home-loan scheme under which 8.25% interest rate will be fixed for the first two years. The floating rates will apply after 2 years. These rates will be applicable to [...]
SBI Home Loans
Introduction In this article I am writing about the important details about the SBI home loans. Last week I discussed with one of the SBI guy for getting the more details about the SBI home loans interest rates and other information. It is obvious that SBI provides less interest rates compare to other banks. It [...]
Home Loans Interest Rates will be increased!!!
Introduction In this article I am writing about the interest rates increase for the home loans in the coming months. It is expected that there will be rise in the interest rates from this year end. This article explains the reason why rates will be increased and the current situation of home loans industry. If you have [...]
Bank of Maharashtra reduces home loans interest rates
Bank of Maharastra(BoM) announces Mahabank Platinum Housing Loan Scheme for the home loans customers. The new rates will be applicable for loans sanctioned between 16 September and 31 December, a press release issued here said. For loans upto Rs30,00,000, the new interest rate for the first two-years will be 8%, for the third year 8.5%, for [...]
Information on Home Loans
Introduction In this article I will be presenting the information related to Home Loans. I have published lot of useful article in this site related to home loans and tax related doubts. I thought it will be useful if one article to summarize all the articles on the home loans subject. It will be good [...]
Different types of Home Loans
Introduction In this article I will be writing about the different types of home loans. If you take any product in the market, there will be multiple options to the customer. In home loans aswell depending on the needs, customer can choose the type of loans whether it can be home improvement loans, home loans, [...]
