Budget 2020

SBI hikes its best home loan interest rate from 6.7% to 6.95%

(This story originally appeared in on Apr 05, 2021) MUMBAI: The country‚Äôs largest lender SBI has said on its website that its home loan rates will start from 6.95%, effective April 1. Last month, the public sector bank had announced a special offer valid till March 31, wherein home loans were available starting from 6.7%. […]

Budget 2020

Home, consumer loans from NBFCs to become cheaper

New borrowers of NBFCs and MFIs will have to pay lower interest from the first quarter of the new financial year 2021-22. Apart from new borrowers this interest rate reduction will also benefit individuals who have taken floating rate loans such as home loan from these lenders. RBI has released the latest average base rate […]

Budget 2020

SBI reduces home loan interest rate to 6.7%: Here’s all you need to know

Prakash Ramiah6 days ago Before taking any housing loan, pl ask for j v agreement of land owner,builder,date of j v,on that day terms,circle rate,todays circle rate,front end money of builder to land owner,fsi sharing ratio,owner share or builder share flat,and if these details are shared pl proceed.if the land cost is more than 35 […]

Budget 2020

Home loan demand for mid, high-range properties on the rise: Magicbricks

MUMBAI: Good deals for mid and high-range properties continue to attract prospective property buyers as around 46% of the consumer preference is towards buying apartments now in the range of Rs 30 lakh-Rs 1 crore and above category, with most of the demand being generated from the key residential markets of Bengaluru, Hyderabad and Delhi, […]

Budget 2020

LIC Housing Finance disburses Rs 1,331 crore of loans via mobile app

on Friday said it has disbursed Rs 1,331 crore worth loans through its mobile banking app in the last one year. It said the ‘Homy’ app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 of these customers have had their home loans sanctioned. Of these, loans were […]

Budget 2020

Delhi Cooperative Housing Finance Corporation slashes interest rates on housing loans

NEW DELHI: The Delhi Cooperative Housing Finance Corporation Limited has slashed interest rates on housing loans from 7.45 per cent to 6.75 per cent, an official statement said on Monday. The move comes days after the Delhi government reduced circle rates on properties by 20 per cent. Cooperative minister Rajendra Pal Gautam has instructed the […]

Budget 2020

5 things to know about secured and unsecured loans

1. Secured loans are backed by a collateral or security like house or car whereas unsecured loans have no collateral or security. 2. Secured loans have a lower rate of interest as compared to unsecured loans. 3. Unsecured loans are typically of short tenures whereas secured loans can be of medium to long tenures. 4. […]

Budget 2020

RBI repo rate kept unchanged: What FD investors, home loan borrowers can do now

The Reserve Bank of India (RBI), in its latest bi-monthly monetary meet held from February 3 to 5, 2021, has decided to keep the repo rate unchanged yet again. This is the fourth time in a row the apex bank has kept the key rates unchanged. The repo rate and reverse repo rate remain at […]