Thu, Apr 04, 2024
RBI monetary policy repo rate, RBI MPC meeting highlights: RBI Governor Shaktikanta Das announced the MPC's decision, based on a 5:1 vote, to keep the repo rate—or the key interest rate at which the central bank lends short-term funds to commercial banks—unchanged at 6.5 per cent. This is the first MPC meeting of the financial year 2024-25 (FY25).
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Wed, Apr 03, 2024
A floating interest rate refers to an interest rate that changes depending on market conditions. This form of interest rate is based on the base rate supplied by numerous lenders, and once the base rate changes, the interest rate is immediately revised. On the other hand, a fixed interest rate loan has an interest rate that does not change during the loan's duration. This enables the borrower to precisely forecast future payments.
Home loan Prepayment: One of the most tested and effective strategies to reduce your interest on principal is prepayment. It may be in the form of paying one extra EMI every year or paying a 10 per cent higher EMI every year. Know how you can use these tactics to reduce your home loan repayment substantially.
Wed, Jan 26, 2022
In a special episode of ‘Budget Easy Hai’, Zee Business’ Managing Editor, also known as Market Guru, simplifies the benefits and deductions under Section 80C.
Wed, Dec 22, 2021
If you have been waiting for a long time to buy your dream home, then this is the right time to buy a dream home as the period of low-interest rates will continue for some time, said Challa Sreenivasulu Shetty, Managing Director (MD) at the State Bank of India (SBI).
Wed, Dec 01, 2021
If you are looking for home loans, then the State Bank of India (SBI) has certain offers for you. The interested customers can log in to the official website of SBI at homeloans.sbi in case of any queries and details.
Wed, Nov 10, 2021
The SBI has informed its customers about the Realty Gold Loan Scheme to get loan quickly and without any hassles.
Mon, Nov 08, 2021
90 per cent of inventory in south central Mumbai, one of the biggest markets, remains unsold, a report by Anarock Group, a real estate consultancy firm, said.
In good news for retail consumers, private banks are looking to extend festival offers on their loan products, ranging from home loan to auto loans.
Wed, Oct 20, 2021
The Punjab National Bank (PNB) is giving attractive offers on home loans this festive season.
Mon, Oct 18, 2021
The BoB customers must note that the bank is offering home loan at 6.5 per cent per annum and car loan at 7 per cent per annum.
Thu, Oct 07, 2021
State-run Bank of Baroda (BoB) is the latest to join the bandwagon of banks slashing interest rates on loans. BoB has cut home loan rates by 25bps to 6.5 per cent. The reduced rates will remain effective till 31 December 2021
The customers at Punjab National Bank (PNB) must note that the PNB is also offering home loans at 6.60 per cent interest rate.
Wed, Oct 06, 2021
If you have a home loan and want to reduce EMI payments, you may consider Balance Transfer option. In simple terms, balance transfer facility allows transferring your existing home loan from one lender to another lender.
Tue, Oct 05, 2021
Home loan repayment is a goal for lakhs of individuals across the world, as it would set a success point in their life in terms of financial freedom.
Mon, Oct 04, 2021
According to Knight Frank’s India Real Estate Update for July-September 2021 quarter, housing demand has breached pre-COVID levels in eight major cities across the country on the back of stable housing prices and historically low home loan interest rates.
Wed, Sep 29, 2021
Borrowing a home loan requires analysis and planning, as it is a long-term and expensive commitment.
The banks which are offering home loans this festive season include the public sector banks like State Bank of India (SBI), Bank of Baroda (BoB), Punjab National Bank (PNB). Apart from the public sector banks, there are also Kotak Mahindra Bank and HDFC Bank.
Thu, Sep 23, 2021
As the festive season is drawing near, the State Bank of India (SBI) is offering a number of benefits on its home loan, car loan, gold loan and personal loan.
Wed, Sep 22, 2021
Festive Season Home Loan Offers: As the festive season is approaching nearer, several banks are offering attractive interest rates on home loans for their customers.
Fri, Sep 17, 2021
India's residential property market is expected to witness a strong consumer demand during the festival season with various banks, including SBI, providing concessional interest rates on home loans.
Wed, Sep 08, 2021
Bank of Baroda Benefits: The Bank of Baroda provides a number of facilities to its customers. These facilities consist of in principle approval car and home loans within 30 minutes to free personal accident insurance cover for the military personnels and veterans.
Fri, Sep 03, 2021
Bank of Baroda (BOB) is offering its customers promising orders on home loan. There are certain benefits on applying for home loans with BOB.
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