SBI had a special offer in March that offered home loans started from 6.7 per cent.
Don't go by the lowest advertised home loan rates; find out what you are eligible for
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts
The revised rate of 6.75% comes into effect today
In this podcast, Business Standard's Sanjay Kumar Singh demystify the process of choosing your lender. Tune in to know more
If more lenders hike their risk premium, it will spike the interest rate on your borrowing
Watch out for other charges like foreclosure fee
Sheth further said they will also be tapping the customers from those developers whom it funds now to grow the loan book
Here's how the home loan rates by public and private sector banks stack up
Interest has to be paid only on the amount used
The inherent belief of the powers-that-be appears to be that a new home loan is the only way to provide a fillip to economic activity
Loan tenure should not exceed your date of retirement
HDFC's revised home loan interest rates now range from 8.4 per cent to 8.7 per cent, whereas PNB Housing Finance's is from 8.4 per cent to 11.75 per cent
New borrowers should go for banks over HFCs as the new benchmark - MCLR - is more transparent
Buyers should weigh Tata Housing-Indiabulls Housing Finance offer against others where they can negotiate on home price and loan rate separately