Entries with Topic News .

As funds dry up, Housing Finance Companies cut down loan disbursements:

Oct 9, 2018 12:05:00 PM

 

Top-rated non-banking finance companies (NBFCs) including Housing Finance Companies (HFCs) are staring at lower growth and higher credit costs this year as the Reserve Bank of India considers tighter regulations and markets become wary of finance firms with frothy valuations. 

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RBI lowers retail inflation projection to 3.9-4.5 pc for second half of FY19

Oct 8, 2018 10:40:00 AM

 

The Reserve Bank Friday lowered its retail inflation projection for the second half of the current fiscal to 3.9-4.5 per cent mainly because of an unusually benign trend in food prices. Food inflation has remained unusually benign, which imparts a downward bias to its trajectory in the second half of the year,...

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RBI hikes repo rate: What happens to your EMIs now

Aug 1, 2018 4:52:00 PM

The Reserve Bank of India (RBI) on Wednesday hiked repo rate -- the rate at which the central bank lends short term money to commercial banks-- by 25 basis points (0.25 per cent) to 6.50 per cent. This is the first time in nearly five years that the RBI has gone for a back-to-back hike, having increased repo rate by 25 bps to...

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HDFC hikes home loan rates for the first time since 2013

Apr 10, 2018 12:48:00 PM

SBI, ICICI Bank hike lending rates, EMIs to go up

Mar 3, 2018 11:44:00 AM

For the first time in over two years, banks have started increasing the interest rates, indicating a change in the rate cycle.

The country’s largest lender, the State Bank of India (SBI), and the largest private sector bank, ICICI Bank, increased lending rates by up to 20 bps (basis points) — a...

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Wishing all a Very Happy Holi

Mar 2, 2018 11:38:00 AM
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RBI to link bank's base rate to MCLR from Apr 1 for loans, borrowers on base rate may benefit

Feb 8, 2018 12:44:00 PM

The Reserve Bank will link the base rate for loans given by banks to the MCLR starting April 1, 2018 i.e. from the new financial year. The Marginal Cost of Funds based Lending Rates (MCLR) system was introduced on April 1, 2016 to tackle the problems of the Base...

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GST relief for low-cost homes, 1st-time buyers

Jan 27, 2018 10:55:00 AM

The GST rate has been reduced to 8% from the existing 12% on purchase of houses availing of the credit-linked subsidy scheme (CLSS) under Pradhan Mantri Awas Yojna, and of those houses that are constructed in a project that has got infrastructure status.

Under the CLSS scheme, a first-house...

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Budget 2018 may roll out tax sops for home buyers

Jan 20, 2018 11:54:00 AM

The government may use Budget 2018 to make owning a house slightly more affordable and even rekindle the interest of home buyers.

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Interest Subsidy Scheme on home loans for MIG extended to March 2019

Oct 13, 2017 1:21:00 PM

 

The central government has extended the validity of interest subsidy benefit of about Rs.2.60 lakh on home loans...

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Axis Bank rates drop following BOB...Check Out Hot Deals on www.loanstreet.in

Jan 14, 2017 2:59:00 PM
MUMBAI: Country's third biggest private sector lender Axis Bank BSE 3.90 % today cut its interest offering by up to 0.70 per cent, following similar moves by all the major players in the system due to high liquidity post demonetisation.  Read More

Home loan rates reduced! It is time to buy a home

Jan 10, 2017 3:56:00 PM

What a splendid start to the New-Year 2017! Declining interest rates from lenders has added colours to the festive season especially if you are an aspiring home buyer.

Read more at: http://bit.ly/2iZuraQ

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Housing loan interest subvention to boost low cost housing.

Jan 3, 2017 6:37:00 PM
The government’s decision to provide interest subvention of 3% and 4% for loans of up to Rs 12 lakh and Rs 9 lakh, respectively under Prime Minister Awas Yojana (PMAY) is expected to boost low income housing in peripheral areas of urban localities across the...
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SBI, other banks may cut lending rates in new year.

Dec 28, 2016 11:39:00 AM
State Bank of India, the country's largest lender, and a few other banks are expected to announce a cut in lending rates effective early January, said people with knowledge of the matter. 
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SBI cuts home loan rate; ICICI offers overdraft.

Nov 3, 2016 6:02:00 PM
State Bank of India has slashed its home loan rate to a six-year low to 9.10%. Under this new scheme woman borrowers will be able to avail home loans at 9.10% while other borrowers will be able to avail loans at 9.15%. These rates will be applicable top loans up to Rs 75 lakh...
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RBI cuts rates to 6-Year low.

Oct 5, 2016 11:26:00 AM

In his first public pronouncement as governor of the Reserve Bank of India, Urjit Patel showed he is open to tango with the government. 

The central bank cut...

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Retail housing finance players witness traction among self-employed.

Sep 12, 2016 2:10:00 PM

Out of its total Rs 5,500 cr retail finance portfolio, home loans to self employed and SMEs comprise about Rs 1,500 cr each.

Despite challenges of definite income proof, retail Read More