SBI Pitches for reintroducing Teaser Housing Loan..!

State Bank of India ( SBI ), India’s largest lender, has pitched for reintroducing teaser rate home loans to revive demand for homes, thereby set the economy on the recovery path. During a tête-à-tête session with Reserve Bank of India (RBI) governor Mr. Raghuram Rajan at the …

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ICICI Home Loans in Rural Areas at 9.70%...!

I CICI Bank Saral-Rural Housing Loan Key Features..! Home Loan at 9.70% (Base Rate) Loan up to 90% of property value Loan amount between 5 Lacs – 15 Lacs Tenure between 3 - 20 years India's largest private lender ICICI bank announced on August 10, 2015 it will offer loans of u…

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A Fixed Rate Loan Gives a Sense of Security & Certainty..!

By Mr. Adhil Shetty, BankBazaar.com Opting for a fixed rate loan may sound like the sensible thing to do, if only to insulate oneself from market fluctuations. With news about banks cutting interest rates regularly hitting the headlines recently, home loan borrowers are in a …

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Housing Loan to Become Cheaper..!

With the Reserve Bank of India (RBI) reducing the repo rate by 0.25% points to 7.25 %, housing finance companies & banks are likely to reduce the housing loan lending rates in the coming weeks. SBI took the lead to cut its base rate by 0.15% and its revised base rate wou…

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Home Loan: How the Interest Rate Cut will Benifit You?

How the Interest Rate  Cut will Affect your Housing Loan...

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Nine Banks, HFCs Cut Home Loan Lending rate by 0.15-0.25%

In the last 10 days, at least nine financial institutions have cut their minimum lending rate by 15-25 basis points (bps). One basis point is one-hundredth of a percentage point. State Bank of India (SBI), HDFC Bank Ltd and Kotak Mahindra Bank Ltd cut their base rate by 0.15…

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ICICI Bank cuts Housing Loan Rates by 0.25% for New & Existing Customers..!

This move will benefit all existing customers of floating housing loans, whose home loan rates will be reduced by 0.25% as per the change in Base Rate . ICICI Bank, recently announced reduction of housing loan rates by 0.25% (25 basis points) for all existing and new custome…

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HDFC Cuts Housing Loan Rate by 0.2%

Housing Development Finance Corporation (HDFC) reduced its retail prime lending rate (RPLR) by 0.2% basis points to 9.9%, with effect from April 13, 2015 Besides, HDFC has also revised downwards its deposit rates across various maturities. After the Reserve Bank of India’s (…

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SBI Cutting Interest Rate may set off a housing Loan War

After holding rates for months, banks have kicked off an interest rate war to attract housing loan customers. State Bank of India (SBI) on recently cut its home loan rates by 0.25% matching rival lender HDFC’s new offer announced last week. With two major lenders cutting rat…

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Drop In Home Loan Rates Positive For Realty Sector..!

Drop In Lending Rates Positive For Indian Property Sector.. Kishor Pate, CMD - Amit Enterprises Housing Ltd Some of the leading banks have set the score by picking up on the RBI's signals and reducing their lending rates by between 0.15-0.25 basis points.  Several other ba…

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Indiabulls Housing Finance: Limited period offer of Home loan at 10.10%

* Limited period offer up to 15th April’ 2015 *  Fixed &Floating interest rate options  Indiabulls Housing Finance Ltd (IBHFL), country’s second largest private housing finance company has launched a limited period offer by reducing the interest rates for their home loan…

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CREDAI: Demands Reduction in Home Loan Interest Rates

Emphasizes the need to device a formula to make home loan rates independent of inflation The Confederation of Real Estate Developers’ Associations of India (the apex body for private real estate developers in India)  is disappointed with the status quo on the RBI policy rates…

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