Mar 11 2010

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 [...]

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Mar 10 2010

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 [...]

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Feb 8 2010

Principal Payment on Home Loans u/s 80C

Introduction
In this article I will be writing about the tax exemption for the home loans under section 80c. I will not write about the interest payment on home loans. That is not come under the section 80c. If you are the regular reader for this site, I have written many articles explaining the home loans [...]

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Dec 27 2009

Tax proofs submission for the Financial Year 2009-10

Introduction
If you are salaried employee, you would have received mail from your employer to submit the tax proofs which you have declared at the beginning of the financial year. Here I will write down few important points to submit the proofs without any last minute rush. Subscribe to our articles here.
1. Don’t wait for final [...]

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Dec 18 2009

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 is [...]

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Dec 16 2009

Kotak Mahindra Bank offers new home loans interest rates

Kotak Manhindra Bank announced a new home loans offer including a loan product at a fixed rate of 8.49% p.a. for 30 months (from the date of disbursement of the loan), and subsequently, the applicable floating rate for the balance term.
The applicable rate after 30 months will be the retail prime lending rate (RPLR) less [...]

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Nov 14 2009

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 would [...]

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Nov 12 2009

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 any [...]

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Oct 8 2009

Home Loans Interest Rates Reduced

Introduction
If you are looking to get the home loans to buy a new house, then its good news for you. Many of the banks already slashed their home loans interest rates to lure the customers. The offer is targeting the festive season and will be over by end of this year. If you have any [...]

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Sep 4 2009

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 for [...]

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