Home Loan

Tuesday, Apr 23, 2024 | Last Update : 03:42 PM IST

SBI cuts home loan rate to 6.7%, BoB to 6.75%

A Cibil credit score of more than 800 will make a borrower eligible for a home loan rate of 6.7 per cent

17 Sep 2021 2:18 AM

Continue working towards your goal and periodically review the progress. Any significant life change such as change in a job or marriage should also take into account the necessary change in the estimated cost in achieving a goal. — Representational image/By arrangement

Freedom from financial woes

Your household expenses should not be more than 30-35 per cent of your income

16 Aug 2021 9:03 AM

For most of us, home loans are invaluable gateway for realizing our dream of owning a home.

5 missteps to avoid while applying for a home loan

It’s important to have strong financial plan and avoid missteps while availing a home loan.

24 Dec 2019 12:33 PM

As per the data released, banks have given Rs 27,225 crore as home loan, Rs 11,088 crore as vehicle loans and Rs 1,111 crore as education loan during the two months.

Public sector banks disburse Rs 4.91 lakh cr loan during Oct-Nov

Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.

03 Dec 2019 7:40 PM

During the four days beginning October 3, loans will be sanctioned for retail, agriculture, vehicle, home, MSME, education and personal categories on the spot. (Photo: File | Representational)

Banks to hold loan fairs across 250 districts from Thursday

SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.

02 Oct 2019 5:04 PM

Any time is a good time to buy if you intend to live in the home.

Top 15 banks that offer the lowest home loan interest rates

A home loan is termed a ‘good’ loan since it helps you own an actual property that gains value over the period of time.

30 Sep 2019 2:40 PM

Bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole.

SBI to adopt repo rate as external benchmark for all floating rate loans

The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.

23 Sep 2019 11:05 AM

Securitisation involves pooling of loans and selling them to a special purpose vehicle which then issues securities called pass-through certificates (PTCs) backed by the loan pool. (Photo: AFP)

RBI panel for standard format of documents to promote home loan securitisation market

PTCs issued in mortgaged-backed securitisation should be mandatorily listed if the securitisation pool is larger than Rs 500 cr.

10 Sep 2019 8:59 AM

This is the fifth consecutive cut in MCLR in during the current financial year 2019-20.

SBI reduces interest rates on fixed deposits, home loans

The one-year MCLR will come down to 8.15 per cent per annum from 8.25 per cent per annum from Tuesday.

09 Sep 2019 11:09 AM

The products -- Suvidha Plus Home Loan and Suvidha Plus Auto Loan -- will be benchmarked to the Reserve Bank of India's (RBI) repo rate and will be available to customers with effect from September 10.

IDBI Bank launches repo-linked home, auto loans

Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum onwards.

30 Aug 2019 3:26 PM

Finance minister announced upfront capital infusion of Rs 70,000 cr into PSBs to boost lending and improving liquidity situation.

Home, auto, other retail loans to become cheaper: Sitharaman

The move will also lead to cheaper working capital loans for industry.

24 Aug 2019 12:48 PM

After this cut, home loans of the bank have become cheaper by 35 bps since April.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

07 Aug 2019 2:45 PM

As banks and HFCs consider an array of factors while setting your home loan interest rates, an awareness of those factors can help you to get the best deal with the lowest interest cost.

6 factors that will influence your home loan interest rates

Even a slight difference in their interest rates can lead to a significant difference in the overall interest cost of the loan.

01 Aug 2019 12:32 PM

State Bank of India (SBI) cuts its one year MCLR by 5 bps points to 8.40 per cent.

How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 Jul 2019 1:21 PM

Liquidity has been a major concern for the real estate sector, which the government has tried to address to a certain extent in this Budget, said NAREDCO President Niranjan Hiranandani. (Representational image)

Budget 2019: Tax deduction on home loan interest to boost housing demand: realtors

Many, however, rued that real estate sector was not given 'industry' status and no stress fund got created for stalled projects.

05 Jul 2019 7:17 PM

The Reserve Bank of India (RBI) cut the repo rate to 5.75 per cent and reverse repo rate to 5.50 per cent.

RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan

The reduction in interest rate will help boost credit growth, helping arrest the slowdown in the economy

06 Jun 2019 2:02 PM

This marginal rate cut comes despite the Reserve Bank of India (RBI) reducing its policy repo rate by 25 basis points a day earlier.

SBI cuts home loan rates by 5 basis points

One basis point is one hundredth of a percentage point.

09 Feb 2019 2:15 AM

A bulk 47.5 per cent of the overall portfolio is under Rs 25 lakh as of September.

Maharashtra tops in home loans, accounts for 24 pc of national sales

The overall home finance segment registered a 16.8 per cent growth over the year-ago period.

01 Jan 2019 5:34 PM

The bank also set a target on consumer loans to grow by 50 per cent in financial year 2018-19.

ICICI bank plans to grow retail loan portfolio in FY 18-19

The company's home loan disbursement was likely to grow by nearly 40 per cent to Rs 3,700 crore.

28 Nov 2018 4:12 PM

While rising interest rate is a cause of worry, customers are also intimidated by the long payback period and tedious process involved in securing a loan.

Only 7 per cent people find securing home loan easy

Increase in rate of interest is a matter of concern for homebuyers who are planning to buy a house at this time.

05 Jul 2018 8:57 AM

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Aakar Patel

home loan