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Can a home loan push help banks revive credit growth?
Tue, Sep 05, 2017
Banks credit growth continues to remain at a historic low. It stood at Rs 69.45 lakh crore in July 2017 – recording growth of just 4.7% year-on-year (YoY) basis.
ICICI and HDFC bank reduced the Home loan rates
Sat, May 20, 2017
ICICI and HDFC bank reduced the Home loan rates. Watch this special segment and get to know more here.
LIC launches new product for women borrowers, home loans at 8.35%
Wed, May 10, 2017
Under this product, the company has created a special segment for women borrowers for loans up to Rs 25 lakh at special interest rates of 8.35% p.a.
RERA may revive real estate sector in second half: Experts
Mon, Apr 10, 2017
After May 1, when the Real Estate Regulatory Authority (RERA) is in place, the realty sector will likely see an uptrend with slight price correction, say industry players and stakeholders.
Cheaper interest rates fail to spur home loans demand
Mon, Mar 20, 2017
In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.
Citi India reduces home loan rates by 0.7% to 8.80%; effective January 9
Fri, Jan 06, 2017
In a bid to provide competitive housing loan interest rates to home buyers, Citi India announced revision of its home loan rate by 0.7% on Friday.
After Indiabulls Housing Finance, HDFC, now Dewan Housing Finance cuts home loan rate
Wed, Jan 04, 2017
Talking on the housing finance sector, Harshil Mehta CEO OF DHFL said, "The Government’s recent decision to provide interest rate relief to home buyers and to those who wish to plan a home in 2017, as well as several past initiatives have created a growth-enabling and conducive environment for the housing finance sector."
Andhra Bank lowers home loan rates across various tenors; effective January 3
Wed, Jan 04, 2017
Following several banks' rate cut moves in recent days, Andhra Bank has lowered its home loan rates across various tenors. The bank has revised marginal cost of funds based lending rate (MCLR) in the range of 8.45% to 8.65% for home loans with various tenors.
Bank of India, HDFC lower home loan rates
Tue, Jan 03, 2017
Following other banks rate cut move, Bank of India (BOI) and Housing Development Corporation of India (HDFC) have lowered their home loan rates. Bank of India (BOI) has set marginal cost of funds based lending rate (MCLR) for loans with one year tenor at 8.50%.