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Thursday April 24th 2014

‘Housing Loan’ Archives

RBI raises Interest rate by 50 basis points

India's central bank Tuesday took measure that the goveenment failed to make ,it  hiked its key rates by 50 basis points each in the 11th such exercise since January 2010 to tame inflation, setting the stage for commercial banks to raise their interest on personal and corporate loans. The repurchase rate, or the interest levied on short-term [...]

HDFC cuts Lending Rate by 50 basis Points

One of my friend called me that he was happy yesterday that his loan rate was cut by 1/2 percent then i saw the news that Housing Development Finance Corporation (HDFC), infromed the market after the it closed that it has announced a 50 basis points cut in retail prime lending rate (RPLR) to 14% effective today, 25 March 2009 due to reduction in [...]

SBI reduces Home loan interest rate to 8 percent

SBI informed the market yesterday that it has reduced the home loan rate at 8 percent compared to what it is now , the catch is its only for the first 1 year from the date of approval after that it will change to normal rate whatever it is at that time .This scheme again is not all the time if you have the loan bought between February 2 and April [...]

PNB Special Housing Loan Scheme – Lowest interest offered for Housing Loan

Punjab National Bank informed the market that they have started new scheme called "PNB Special Housing Loan Scheme"Through which for any new housing loan that they are going to offer from January 01, 2009 till June 30, 2009. >Interest would be at 8.5 percent will be charged under fixed housing loan upto Rs 5 lacs for maximum period upto 20 years [...]