Home Loan Rate

20 bps reduction takes rate to 8.4% as the lender scales up efforts to cater to growing volumes ahead of the close of the financial year

The deposit and lending rates are directly proportional to the repo rate, and they generally go up if the benchmark rate is hiked

The RBI's decision to hike the repo rate will have a moderate short-term impact on housing demand on likely rise in home loan interest rates, according to the real estate industry. With borrowing costs for developers set to rise, many builders said that housing prices might also increase. On Wednesday, the RBI increased the Repo rate by 35 basis points amid inflationary concern. Realtors apex body CREDAI President Harsh Vardhan Patodia said: "Any increase in repo rate has a direct impact on the end consumers, including home buyers, as banks will ultimately pass on this increase to customers and this may impact the current momentum in the short term". Property consultant Anarock Chairman Anuj Puri said there may be some repercussions on housing sales. "This hike will undoubtedly push up home loan interest rates, which had already crept up after four consecutive rate hikes this year. However, as long as interest rates remain in single digits the impact on housing will at best be ...

New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders

Here is how the home loan rates offered by various banks and housing finance companies stack up

A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank

If you don't have a surplus, opt for higher EMI rather than longer tenor

Home loan protection plan may only cover accidental death, which could leave the borrower's nominees exposed

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances

Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said

A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said

Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain

The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants.

Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult

Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%

Says rates are at historic lows now; a housing loan is a long-term loan during which rates move up and down and a customer who wants a house won't hold back just because they are rising currently

What factors to consider while taking a home loan?

With markets touching a new high, the interest rates on home loans have hit a record low in India. But are interest rates the only factor to consider while taking a home loan? Find out here

SBI announces festive bonanza for home buyers

While benchmark rate can change any time, spread changes only in rare instances

Women borrowers to get a special concession of 5 bps