Category Archives: home loan

Public sector banks cut home loan rates

Posted on February 20, 2012 by Reserch team

Mumbai: In order to prop up the sagging home loan market, state-run lenders Central Bank of India and Bank of Maharashtra (BoM) have announced slashing of interest rates by up to 0.25 per cent, and also decided to waive the … Continue reading →

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Your dream home gets even more distant

Posted on February 8, 2012 by Reserch team

RBI’s new diktat — banks should not include stamp duty and registration in loan amount — will make home buying more difficult The Reserve Bank of India’s (RBI) latest verbal guidance to banks —not to include registration and stamp duty … Continue reading →

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RBI cuts CRR, home loans to get cheaper

Posted on January 31, 2012 by Reserch team

MUMBAI: Home loans and other loans to individuals and businesses are set to become cheaper with Reserve Bank of India releasing Rs 32,000 crore to banks through a half percentage point cut in the cash reserve ratio (CRR) on Tuesday, a … Continue reading →

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SBI slashes processing fee for greater home loan pie

Posted on January 13, 2012 by Reserch team

MUMBAI: State Bank of India (SBI) has slashed processing fees on home loans by half, a move aimed at garnering a larger pie in the home loan market and giving competition to private banks and housing finance companies. “The decision is aimed … Continue reading →

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Central Bank of India waives pre-payment charges on housing loans

Posted on December 16, 2011 by Reserch team

Central Bank of India has decided to waive pre-payment penalties on floating rate housing loans with immediate effect, reports PTI. “In deference to Reserve Bank of India’s (RBI) suggestions, the bank has decided to waive penalty on pre payment of … Continue reading →

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