Tag: home loans

RBI's new bank-subsidiary norms to force realignments of business
Posted in Economy

RBI’s new bank-subsidiary norms to force realignments of business

MUMBAI: Several large banks will have to realign their business models to comply with a recent Reserve Bank of India (RBI) proposal, which, upon implementation,…

Continue Reading
SBI's base rate is 10.40%, and the Benchmark Prime Lending Rate is 15.15% as of September 15. Home loan interest rates vary between 8.50% and 9.65%, influenced by the borrower's CIBIL score.
Posted in Business

SBI cuts loan interest rate by 25 bps on this short-term tenure: Check latest lending rates

Oct 15, 2024 02:08 PM IST The State Bank of India has reduced its one MCLR tenure interest rate by 25 basis points, effective October…

Continue Reading
The repo rate has remained completely unchanged so far at 6.5% since February 2023
Posted in Business

Home loan customers may have to wait as much till December for an EMI cut as RBI keeps rates unchanged

Looking forward to a cut in your home loan EMIs? You may have to wait till much later this year since Reserve Bank of India…

Continue Reading
Banks will consider consumption or spending patterns of individuals while making their credit assessment (iStock/Hindustan Times Archive)
Posted in Business

Banks may soon use details from your digital footprint to give home loans, here’s how

Jul 27, 2024 12:47 PM IST Banks are working on a new framework to give home loans using a person’s spending patterns, mirroring the policy…

Continue Reading
LIC Housing vs HDFC Vs PNB housing: Who is offering best interest rates on home loans?
Posted in Finance

LIC Housing vs HDFC Vs PNB housing: Who is offering best interest rates on home loans?

Several banks have raised their home loan lending rates immediately after the Reserve Bank of India (RBI) had hiked the repo rate by 25 basis…

Continue Reading
home loan prepayment charge: Home loan FAQs: Interest calculation to repayment period, home loan prepayment charge
Posted in Finance

home loan prepayment charge: Home loan FAQs: Interest calculation to repayment period, home loan prepayment charge

If you are a new home loan borrower, or planning to borrow you must know that interest rates are at a higher level compared to…

Continue Reading