Entries with Topic Blog .

From April 2019, Home Loan Floating Rates to be decided by markets:

Dec 6, 2018 12:49:00 PM

Borrowers can now expect more fairplay when it comes to pricing of home loans which will now be decided by markets rather than banks. 

The RBI said on Wednesday that from April 2019, it will be mandatory for Banks to link all Floating Rate Loans which are extended to individuals and small...

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NBFC liquidity squeeze hits Loans Against Property market

Oct 22, 2018 3:02:00 PM

The market for Loans Against Property (LAP), among the borrowing avenues that fuelled runaway growth among Non Banking Finance Companies (NBFC) until the recent liquidity squeeze, appears to be grinding to a halt as lenders are not keen on increasing their exposure. 

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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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Read our CEO Vineet Jain's take on RBI Governor Raghuram Rajan's Exit...

Jun 22, 2016 10:54:00 AM

Why?

The abrupt decision of central bank governor Raghuram Rajan to quit came as he increasingly felt a lack of support from his political bosses Finance Minister Arun Jaitley and Prime Minister Narendra Modi, according to friends and...

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Financial Services: Getting the Goods

Jun 20, 2016 3:06:00 PM

 

How consumers and businesses acquire financial goods such as loans and insurance

 

What is a financial...

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Technology is changing the face of Indian Banking Industry

Jun 13, 2016 4:52:00 PM

There are a host of Fin-tech start-ups that are emerging in the Indian Finance Industry. This emergence has the capability to change the face of Indian Banking industry forever. Initially, the new payment banks, lending platforms and other financial service providers may eat into the revenue of banks but fast forward to 2020 there are chances that a lot of...

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Here is how to choose the best lender for your Home loan

Jun 6, 2016 2:16:00 PM

Choosing a home seems to be tough but choosing the right lender is even tougher. Instant loan at best rates with desired tenor also plays a major role in deciding your dream home. It can be a confusing task, given the...

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Personal Loans can make your loved ones happy

May 25, 2016 3:22:00 PM

India is country where we celebrate so many festivals and have so many holidays throughout the year one should enjoy these days to the fullest. And rightly so, people have dreams about the...

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All Businessmen read on to get the best deals on Loan Against Property @LoanStreet

Apr 18, 2016 7:05:00 PM

Loan against Property is a Secured Loan in which one’s existing Property is mortgaged to raise funds from a Bank or a Financial Institution. 

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