Entries with Topic News .

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

'Brokerages' tryst with home finance pays off.

Sep 10, 2016 4:16:00 PM

“India’s mortgage finance market is largely under-penetrated compared with the rest of the world, providing sufficient opportunity for housing financiers to step up their housing credit,� R....

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Bankers expect 25 bps cut in policy rate by March end

Aug 26, 2016 5:20:00 PM

His reticent nature may be stoking fear among some investors, but bond and currency markets seem to be reposing faith on next Reserve Bank of India governor Urjit Patel who is expected to cut rates by a quarter percentage point this...

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More good news for Home Loan consumers. Find your deal at loanstreet.in

Jul 30, 2016 11:14:00 AM

Home loan rates dip marginally on MCLR cuts.

Interest rates are slowly creeping down. State Bank India and IDBI Bank are the latest to bring down their marginal cost of lending rate (MCLR).

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From December, get your free credit record once a year

Jul 29, 2016 11:04:00 AM

Fantastico!!!! Borrowers do not have to be in dark about their credit performance any more. Cibil makes it free for all in the next year.

For this year please access your...

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Home Selling is picking up specially in Banglore, Mumbai, Pune

Jul 27, 2016 1:28:00 PM

Home sales in the top nine cities of India rose 8% in the April-June 2016 quarter compared to a decline of 3% in the previous quarter on the back of a surge in sales in Bengaluru, Read More

More good news for loan consumers-roi drop for education loans.Find your deal at loanstreet.in

Jul 23, 2016 10:55:00 AM
State Bank of India , Bank of Maharashtra and Axis Bank have dropped interest rates on educational loans by about 25 basis points(100bps=1 percentage points) over past weeks. The move comes just in time for the new academic season and Read More

Interest rate Conundrum

Jul 22, 2016 6:15:00 PM

What is the deciding factor- MCLR/ Base Rate?

Read more at: http://bit.ly/29T7Lkx



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Interesting change in Fintech Space , wallet companies to reinvent ? UPI to Go Live this Month with 15 Banks.

Jul 16, 2016 11:23:00 AM

UPI allows users to send any amount of money below Rs. 1 lakh instantly without having to add beneficiary.

RBI's brainchild, Unified Payments Interface(UPI) , launched in April this year , will...

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