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
SBI
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 […]
SBI Cuts Rates By 25 bps To 8.35%,Makes Home Loan Cheaper State Bank of India (SBI), the country’s largest lender in India, on Monday has cut home loan rates by 0.25 per cent from 8.60 per cent to 8.35 per cent per annum. The new rate is applicable on loans […]
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 […]
Published on: Nov 4, 2016 @ 16:12 ICICI Bank and HDFC have reduced home loan interest rates by 0.15 per cent up to a loan amount of Rs 75 lakh. Competition in the home loan business has begun since State Bank Of India (SBI) had reduced its rate by 15 bps […]
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 […]
Published on: Feb 3, 2016 @ 04:22 State Bank Of India (SBI) on Monday launched a new home loan scheme, ‘FlexiPay Home Loan’. With new home loan scheme, SBI offers higher loan amount and up to five years of interest moratorium. Under this new home loan scheme, the borrower needs to […]