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’s 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

SBI hikes home loan rate to 6.95%

With the revision, the lowest rate of 6.70% regime for limited period ended in March 31. Country’s largest lender State Bank of India (SBI) has revised its home loan rate to 6.95% effective April 1. With the revision, the lowest rate of 6.70% regime for limited period ended in March 31. During the limited period, […]

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 […]

Sports

Irfan Pathan tests positive for COVID-19, says he’s ‘quarantined at home’

Irfan Pathan, the former India all-rounder, said on Monday that he has tested positive for COVID-19 and is currently in home isolation, making him the fourth ex-India cricketer from the recently-concluded Road Safety World Series to be infected by the virus. The 36-year-old confirmed the news on Twitter. “I have tested positive for COVID-19 with […]

Budget 2020

India 13 spots down in global home price index

India has moved 13 spots down to the 56th position in the latest global home price index in the quarter ended December 2020, from the 43rd rank a year earlier, indicating a decline of 3.6% in home price appreciation, property consultancy Knight Frank said. In the 12-month percentage change for the period Q4 2019-Q4 2020, […]

Budget 2020

Magicbricks ties up with Razorpay and HDFC Bank for credit card rent pay

(This story originally appeared in on Mar 09, 2021) MUMBAI: Magicbricks has partnered with Razorpay and to create a secure online solution for rent payments through credit cards with an eye on the 10-million rental residential household market. “The monthly rent is a huge chunk of the monthly expense of any household. In today’s challenging […]

Budget 2020

Women borrow more for home purchase than other assets : CRIF Highmark

Indian women are focusing more on building hard assets than comforts. They are availing more credit in the form of home loans as compared to personal and auto loans, data from credit bureau CRIF Highmark shows. Women account for 29 per cent of the Rs 20 lakh crore worth home loans extended by Indian lenders […]

Budget 2020

Flushed with liquidity, banks slash home loan rates to decadal low

Flushed with excess liquidity as general credit demand still way below the desired levels, leading home loan players State Bank of India, HDFC, ICICI Bank and have slashed their rates to a decadal low, leaving consumers spoilt for choices.The interest rate war comes as banks are sitting on huge excess liquidity which as of last […]