Page 2 - Home Loan Rate

Home loan rates in July: PSU banks start at 7.35%, private lenders at 7.90%

Customers should consider loan slabs and benefits when they are evaluating offers by lenders

From 7.25% to 15%: how home loan rates compare across lenders this July

Rates range from 7.25% to 15%; check what banks and housing finance companies have for you

Your Guide to a Smarter Home Loan Journey

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Bank Seva Kendra: Simplifying Home Loan Decisions with Transparency and Technology

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Home loan volume and value see double-digit growth in FY25: Report

Further, loans with ticket sizes above ₹1 crore accounted for 21 per cent of total home loan disbursals during the year

Canara Bank cuts lending rates, making loans cheaper for customers

Canara Bank has reduced its Repo Linked Lending Rate by 25 basis points; home loans start at 7.90% and vehicle loans 8.20%

Banks & HFCs start slashing home loan rates as repo rate dips to 6%,

Take a peek into the current home loan interest rates before making this big financial decision

Cheaper home, auto loans: Why repo-linked loans could benefit in 2-3 months

While borrowers may expect their equated monthly installments (EMIs) to drop, many banks typically prefer to keep the EMI the same and instead shorten the loan tenure.

Tax bonanza: What Budget 2025 means for India's beleaguered middle-class

No tax on income up to ₹12 lakh, revised tax slabs, senior citizen benefits, and homeowner relief announced by FM Nirmala Sitharaman to ease the financial burden on the middle-class

HDFC Bank to SBI: Here are best home loan offers in India this January 2025

Notably, HDFC Bank offers rates between 10.85% and 24.00%, while the State Bank of India provides attractive rates starting from 11.45% with no processing fee.

RBI holds repo rate: Home loan borrowers face longer wait for EMI relief

"If inflation stays under control, a rate cut could come," said the CEO of Bankbazaar.com, Adhil Shetty, regarding the RBI's monetary policy decision

Naredco suggests raising tax relief on home loan interest to Rs 5 lakh

Realtors' body NAREDCO on Tuesday suggested that the tax exemption on interest on self-occupied property loans should be increased to Rs 5 lakh in the upcoming budget from Rs 2 lakh currently to boost housing demand amid a rise in housing prices and mortgage rates. Builders also sought some tax incentives to boost demand and supply of affordable homes. NAREDCO noted that under Section 24 of the Income Tax Act, the deduction allowed on interest on loans for self-occupied property is limited to Rs 2 lakh. "Given the rising property prices and interest rates, NAREDCO proposes increasing this limit to at least Rs 5 lakh," the association said in a statement. The realtors' body mentioned that currently the annual value of property held as stock-in-trade and not let out is considered nil for up to two years from the end of the financial year in which the construction completion certificate is obtained. After this period, the notional income is taxed. It suggested that this provision sho

HUDCO raises $200 mn from overseas lenders for its foray into loan market

Housing and Urban Development Corporation (HUDCO) has raised USD 200 million (JPY 30 billion) in its maiden foray into the syndicated loan market, its arranger said on Tuesday. The state-run body has raised the five-year money as part of its inaugural "social loan", Japan's Sumitomo Mitsui Banking Corporation (SMBC) said. The deal, led by SMBC's Singapore branch, saw an oversubscription with a total of nine lenders, and was upsized from its original launch size of JPY 15 billion to JPY 30 billion after exercising the greenshoe option, an official statement said. The inaugural social loan will enable further expansion of HUDCO's social housing platform to improve the quality of life for the Indian community and enhance infrastructure facilities in urban areas, the statement said. SMBC acted as the sole mandated lead arranger, book runner and social loan coordinator. "We look forward to expanding our reach to the underserved communities and strengthening the local community's access

Essential Tips for First-Time Homebuyers in the Housing Loan Market

If you are a first-time homebuyer embarking on this journey.

Home loan: Don't forget to ask your lender these questions before applying

Given the long-term commitment of a home loan, understanding its terms and conditions is crucial before you apply

Planning to take a home loan? Here are the cheapest rates available

Comparing Home Loan Rates: A comprehensive guide to current offers from public sector banks, private sector banks, and housing finance companies

RBI policy: EMIs won't go up immediately, housing bull run to continue

The RBI has been raising this rate since May 2022 to tackle high inflation. For borrowers, this meant higher interest rates on their loans

Chart view: Bank of India, HDFC Bank offer cheapest home loan rates

As part of a festive promotion, HDFC Bank is currently providing mortgages at a discounted rate, starting at 8.35 per cent across various tenures

8.35% interest, discounts on processing fee: Cheapest home loans right now

With interest rates as low as 8.35 per cent and up to a 50 per cent discount on processing fees, it might be the perfect time to consider taking out a loan

Refinance to lower rate but keep up higher EMI to become debt-free faster

Banks have been luring homebuyers this festive season with reduced home loan interests, waiver of processing fees and loan prepayment charges.