More than 2 Home Loans - What About Interest Rate?

Generally only 2 ho me loans are allowed under normal home Loan interest. If a customer avails a 3rd home Loan, as per the prevailing rules, Banks charge interest above the normal Rate of Interest.  Several Banks charge O.5% extra over the normal rate of interest. It varies fr…

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SBI All loans would become cheaper by 0.40%.

RBI cut benchmark repurchase (repo) rate from 7.25% to 6.75%, lowest in four-and-half-years. Soon after reduction in repo rate by the Reserve Bank of India (RBI) , country’s largest lender State Bank of India (SBI) on Tuesday (September 29, 2105)  slashed minimum lending or …

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Home Loan Interest: Floating Rate Vs Fixed Rate.

Housing Loan  Interest : Floating Rate or Fixed Rate...! by Mr. Suresh Parthasarathy ,  Registered Investment Advisor (SEBI) One of the challenges while buying your dream home is the challenge of deciding how much to borrow. And the next big decision to make is whether to go in…

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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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