Tue, Apr 30, 2024
City Union Bank, Union Bank of India, Bank of Maharashtra, and LIC Housing Finance are offering the most affordable entry-level home loans.
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Wed, Apr 24, 2024
Some of the cheapest home loans are being offered by Union Bank of India, Bank of Maharashtra, Bank of Baroda, Bank of India and Indian Overseas Bank.
Thu, Feb 08, 2024
RBI MPC Meeting: With the repo rate unchanged, most likely there will be no change in your home and car loan interest rates. for the time being. However, lenders are always free to change the interest rates depending on internal factors.
Wed, Feb 13, 2019
At 19-month low, this where the country’s inflation is at, as CPI has come at 2.05% in January 2019 month. This was undoubtedly due to food inflation which further widened its deflation trend.
Thu, Feb 07, 2019
The 6.25% repo rate was last witnessed in June 2018 policy, and since then your lending rates have witnessed rises which has made your EMIs on home, personal and car loan costlier.
Finance Minister Piyush Goyal said the RBI rate cut will boost economic growth and make loans affordable. Watch this video to know more.
SBI via its twitter account said, "Switch to a loan that brings joy! Transfer your Home Loan to SBI at ZERO processing fees. Offer valid till 28th February, 2019."
Fri, Feb 01, 2019
Budget 2019: Every month you have to chalk down an expense, in regards to repayment of home loans in the form of EMIs which includes a portion of principal amount and banks interest rates. Of course, you get an income tax return benefit from this.
Thu, Jan 31, 2019
Budget 2019: Government has hiked small saving schemes interest rate quite impressively, which makes them a better option for investment than what banks are offering.
Wed, Jan 30, 2019
Sometimes there can be a situation where your bank offers you higher interest rates on home loan.
Tue, Jan 29, 2019
Insurance schemes, home loans and pension schemes are expected to have major tax exemptions.
SBI balance transfer home loan service allows you to transfer your loan from other banks to enjoy low interest rates, zero processing fees and major tenure at this lender.
Fri, Dec 21, 2018
Home loans are given depending upon your age, your salary status, your capability of repayment and background checks of previous loans. If your credit score is very good then getting an home loan is very easy as your bank is assured that you are trustworthy and capable enough to repay your debt.
Tue, Dec 18, 2018
In its December 2018 policy, RBI firmly said Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR) will be replaced by an external benchmark from April 2019.
Fri, Dec 14, 2018
There are many banks that attract their customers by giving home loan through various offers.
Thu, Dec 13, 2018
Home loans are given depending upon your age, your salary status, your capability of repayment and background checks of previous loans
By reducing the principal with every month's repayment, the gross amount repaid by a borrower during the duration of a loan will also go down as the interest outgo comes down, officials at the private sector lender said Wednesday.
Fri, Dec 07, 2018
Wed, Dec 05, 2018
In fact, one should definitely pray that RBI chooses to put a status quo in this policy, as data reveals that home loans, auto loans and personal loans are already expensive due to rise in MCLR rates since March 2018.
Thu, Nov 01, 2018
If you look at interest rates, high or low, then you are making a mistake as you can lose plenty!
Thu, Sep 27, 2018
Today, home loan tenures vary from 10 to 30 years, depending upon the age of the borrower and the home loan amount. Consequently, home buyers are opting for home finance from banks and financial institutions. Hence, it is imperative from the borrower’s perspective to holistically analyse various aspects before you finalise the financial institution.
Mon, Aug 27, 2018
Mumbai-based Vinayak Godbole (name changed on request) received a letter from his bank early this month. It wasn’t the regular statement, but a letter offering information about switching his home loan to the Marginal Cost of Funds Based Lending Rate (MCLR), a system of calculating interest rate for all retail loans that have a floating rate of interest.
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