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 […]

Budget 2020

Mahindra Lifespace Developers ties up with SBI for faster home loan approvals, discounts

NEW DELHI: Realty firm Mahindra Lifespace Developers Ltd on Tuesday said it has signed an MoU with SBI for faster home loan approvals as well as to offer special discounts to customers and employees of both the companies. Mahindra Lifespace and SBI have signed a memorandum of understanding (MoU) to enable an improved and more […]

Budget 2020

SBI hikes discounts on home loan interest rates, offers concession up to 0.3%

State Bank of India (SBI) has increased the concessions on its home loan interest rates as per a press release issued by the bank today, it is offering home loan interest rate starting at 6.80% for loan amount up to Rs 30 lakh and 6.95% for loan amount above Rs 30 lakh depending on CIBIL […]

Budget 2020

Gujarat: Home loan disbursals rose to Rs 5,283 crore in Q2

(This story originally appeared in on Dec 30, 2020) AHMEDABAD: In what could imply an increase in house sales, disbursement of fresh housing loans across Gujarat rose by 46% to Rs Rs 5,283 crore for the quarter ended September 2020 from Rs 3,620 crore in the same period last fiscal, shows data released by the […]

Budget 2020

What home loan borrowers should do to prepare for future interest rate hikes

As ET Wealth completes 10 years, we present the compressed wisdom of this eventful journey. Here is a story on what home loan borrowers can do to prepare for future interest rate hikes especially if the home loan is linked to an external benchmark such as repo rate etc. How borrowers can beat the interest […]

Budget 2020

SBI home loan interest rate: SBI announces festive season interest rate concession up to 25 bps on home loans: Check details here

As part of its festive offer, the State Bank of India (SBI) has announced a concession in home loan interest rates by up to 25 bps. According to the SBI press release issued on October 21, 2020, home loan customers would get an interest concession of 25 bps for buying a home of above Rs […]

Budget 2020

Home loan enquiries top last year’s level

(This story originally appeared in on Sep 23, 2020) MUMBAI: The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is finding expression now. According to TransUnion Cibil data, home loan inquiry volumes in July and August have recovered to exceed last year’s […]