Page 4 - Home Loan

Chinese banks quicken home loan disbursement but caution prevails

Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales

What are BPLR and MCLR, and how do they impact your home loan rates?

If you are planning to take a home loan from a bank, BPLR and MCLR are some of the terms you would come across. What are BPLR and MCLR and how do they impact home loan rates? Let's take a look

A snapshot of home loan rates offered by various banks and HFCs

Here are how the home loan rates offered by various banks and HFCs stack up

India Post Payments Bank teams up with HDFC for offering home loans

A Memorandum of Understanding (MoU) on the strategic alliance was signed between IPPB and HDFC Ltd on Monday.

Points to remember before buying a house this festive season

Experts say this is a good time to buy a house for self-use. In this Podcast, we talked about things which will help you make the right purchase decision

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic. In some cases, the interest rate on home loans is as low as 6.5 per cent. Asked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director Renu Sud Karnad said the lower interest rate does help but it is just one of the many variables for the pick-up in demand for home loans. "Housing today is much more affordable than it ever was. In the last couple of years, property prices have more or less remained the same across the country while income levels have gone up," she noted. Karnad further said people

Bajaj Finserv cuts home loan interest rate to 6.70% per annum

The rate of interest for salaried and professional applicants now starts from 6.70%* p.a. - 0.05% down from the earlier 6.75%* p.a.

State-run Bank of Baroda reduces home loan rates by 25 bps to 6.5%

State-run Bank of Baroda on Thursday said it has reduced its home loan rate by 25 basis points (bps) to 6.50 per cent from 6.75 per cent.

Check net savings before you transfer home loan balance: Experts

When selecting the new lender, understand the conditions attached to prepayment

HDFC launches festive offer; home loan starting from 6.7%

Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent.

Housing demand to rise on SBI's decision to offer loan at 6.7%: Realtors

India's residential property market is expected to witness a strong consumer demand during the festival season with various banks

SBI reduces home loan rates, standardises them ahead of festive season

It will offer credit score-linked home loans at 6.70% irrespective of the loan amount; distinction between salaried and non-salaried borrowers removed

Kotak Mahindra Bank cuts home loan interest rate by 15 bps to 6.5%

This is a limited period offer, valid for 60 days, beginning September 10

LIC Housing Finance vies for home loan pie with interest rate cut

It will apply to loan amounts of up to Rs 50 lakh offered to salaried individuals.

LIC HFL cuts home loan rates to all-time low of 6.66% for select borrowers

Mortgage financier LIC Housing Finance on Friday said it has reduced its interest rates to 6.66 per cent for home loans up to Rs 50 lakh.

A snapshot of home loan rates offered by various banks and HFCs

Here is how the home loan rates offered by banks and HFCs stack up

Term plan-backed home loan protects your family from repayment burden

The group life cover offered by banks could be your second option if you are unable to get a term plan due to health-related reasons

Home loan: Go with a lender charging lower risk premium, say experts

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

State Bank of India slashes home loan interest rates by 25 bps to 6.7%

By February 2021, SBI's home loan portfolio reached Rs 5 trillion-mark

Cash-strapped patients with Covid-19 infection can consider loans

In a health emergency, speed of disbursement is more important than cost