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CREDAI demands reduction in interest rates
Apr 09, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India, seeks a pro-growth stance on the policy rates. It also demands a reduction in interest rates to put growth and demand on the fast track, and develop the housing sector in the economy which has been completely ignored by the successive governments.
SBI extends special home loan scheme indefinitely
Apr 03, 2014
MUMBAI: Nation's largest lender State Bank of India, which is also the largest home loan player, on Wednesday extended the date of special home loan rates for new and women borrowers beyond March 31 for an indefinite period.
SBI slashes home loan rates by up to 0.4 per cent
Dec 20, 2013
DELHI: Two biggest housing financiers SBIBSE 0.60 % and HDFCBSE 0.71 % on Thursday cut home loan rates by up to 0.4 per cent for new borrowers, a day after the Reserve Bank kept its key policy rates on hold.
Impact of inflation on home loan
Sep 27, 2013
BANGALORE: Over the past few years, home loan interest rates have steadily crept upwards. Everyone blamed it on inflation. In past few months, the rates have steadied after minor downwards rate revisions by the central bank. What happens during inflation?
Disappointed by RBI? Take steps to reduce home loan burden
Sep 21, 2013
MUMBAI: Home loan borrowers are disappointed after the Reserve Bank of India (RBI) hiked the repo rates by 25 basis points (100 bps = 1%) on 20th September. However, financial planners feel it is too early to predict whether banks will increase interest rates on home loans again, as many major banks, including State Bank of India, have raised rates only recently. “This is probably the first time that measures like these (reduction in the MSF rate, with simultaneous increase in repo rates) have b

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