Ajay VermaAjay Verma is a founder and writer of The Housing World, a real estate and mortgage news website. He brings with him 20+ years of rich experience in the real estate and mortgage industries. He has worked in senior roles in Delhi and NCR in the above-mentioned sectors. www.thehousingworld.com
MCLR
Indiabulls, HDFC, Kotak Mahindra Bank And Others Hike Home Loan Rates Post RBI’s Rate Hike With the Reserve Bank of India (RBI) recently hiking the repo rate by 25 basis points to 6.50 percent, some banks have started to pass on the burden to customers by increasing their lending rates. […]
The RBI Hikes Repo Rate By 0.25%; It’s Impact On Home Loan Borrowers The RBI hikes repo rate on Wednesday for the first time in over four years by 25 basis points (bps) to 6.25 percent. In its bi-monthly monetary policy review, the Monetary Policy Committee (MPC) agreed to raise […]
Home Loans Get Cheapest In 6 Years As SBI Leads In Cutting Lending Rates Home loans get cheapest as top PSU banks led by State Bank of India, announced sharp cuts to their lending rates and slashed their benchmark lending rates by up to 90 basis points. The move has […]
SBI Cuts Home Loan Rate To 9.1%: A Festive Bonanza For Borrowers State Bank Of India (SBI), the largest public sector lender has cut home loan rate to 9.1% per annum. SBI has reduced the home loan rate to the lowest level in six- year as part of a festive […]
Home loans are set to get cheaper with banks start implementing the new lending rate structure called marginal cost based lending rate (MCLR) from Friday. The new rate setting structure, which asks banks to price loans based on the marginal cost of deposits rather than average cost, comes into effect […]