Tag Archives: mortgage loans india

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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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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Home loans’ pre-payment penalty scrapped

Posted on October 31, 2011 by Reserch team

The directive assumes significance, given banks’ reluctance to implement advisory on the same. The Reserve Bank of India (RBI) has asked the banks to waive the pre-payment charges in floating rate loans. The moves, though was expected, will come as … Continue reading →

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Home & auto loans to get costlier as RBI hikes interest rate by 25 bps

Posted on October 25, 2011 by Reserch team

MUMBAI: All loans are set to become costlier as the Reserve Bank on Tuesday increased the key interest rate by 25 basis points to check rising prices, at the risk of sacrificing some growth. This is the 13th time the … Continue reading →

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50% hike in 18 months — loan making it difficult to feel at home

Posted on October 17, 2011 by Reserch team

Property rates are, of course, the most important consideration while buying a home, but home loan rates, too, play a significant role in the years that follow the purchase. With 90 per cent of home loan customers opting for floating … Continue reading →

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