Page 3 - Home Loan Rate

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.

SBI, BoB offering home loans at 8.4%: Full list of existing loan rates

Repo rate pause coupled with new RBI guidelines giving borrowers the ability to switch to fixed-rate home loans at their discretion makes it favorable for buyers consider taking out a loan

Urban Money aims to facilitate Rs 30,000 cr home loan disbursement in FY24

Urban Money, fintech arm of Square Yards, on Monday said it expects to facilitate home loan disbursement of Rs 30,000 crore during the current financial year. Urban Money, currently operating from 250 cities, facilitated the disbursal of about Rs 15,370 crore in the last fiscal year through various channels, including banks, housing finance companies, and non-banking financial companies (NBFCs). Facilitating a home loan mortgage transaction involves navigating complex valuation decisions, extensive documentation, and stringent regulations, besides having deep expertise in the real estate value chain, the company said in a statement. "We identified this fundamental gap in 2019 and cracked this space in last four years emerging as the largest mortgage marketplace in the country," Square Yards founder CEO Tanuj Shori said. Urban Money offers a streamlined home loan experience through its tech platform, digitizing the entire mortgage process, including AI-based credit assessments and .

Switch if you can find 50 bps cheaper home loan; lock into current FD rates

Some lenders have lowered their rates over the past couple of months by reducing their spreads

Bank of Maharashtra cuts home, car loan rates by upto 20 basis points

The lender has hiked the MCLR by 10 basis points in select tenors upto one year

In a first, Bajaj Housing Fin offers extended home loans: Should you opt?

Whenever you opt for a loan scheme, you must thoroughly examine your financial situation, income stability and existing debt.

Rupay forex cards to your fixed deposits: How today's RBI policy impacts us

In order to expand payment options for Indians travelling abroad, the Reserve Bank of India governor decided to allow issuance of RuPay Prepaid Forex cards by banks in India for use at ATMs

RBI policy: How a repo rate hike/cut impacts your home loans and EMIs

The EBLR serves as a benchmark rate that determines the interest rate applicable to the loan. So, with the hike in repo rate, all existing home loans on floating rates of interest became expensive.

After BoB, Bank of Maharashtra cuts home loan rate effective March 13

20 bps reduction takes rate to 8.4% as the lender scales up efforts to cater to growing volumes ahead of the close of the financial year

How have the home loan EMIs changed since RBI's repo rate hike in May 2022?

The deposit and lending rates are directly proportional to the repo rate, and they generally go up if the benchmark rate is hiked

Home loan rate to be costlier; realtors see decent impact on housing demand

The RBI's decision to hike the repo rate will have a moderate short-term impact on housing demand on likely rise in home loan interest rates, according to the real estate industry. With borrowing costs for developers set to rise, many builders said that housing prices might also increase. On Wednesday, the RBI increased the Repo rate by 35 basis points amid inflationary concern. Realtors apex body CREDAI President Harsh Vardhan Patodia said: "Any increase in repo rate has a direct impact on the end consumers, including home buyers, as banks will ultimately pass on this increase to customers and this may impact the current momentum in the short term". Property consultant Anarock Chairman Anuj Puri said there may be some repercussions on housing sales. "This hike will undoubtedly push up home loan interest rates, which had already crept up after four consecutive rate hikes this year. However, as long as interest rates remain in single digits the impact on housing will at best be ...

Bank of Baroda slashes home loan rates by 25 bps for limited period

New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders

A snapshot of home loan rates offered by various banks and HFCs

Here is how the home loan rates offered by various banks and housing finance companies stack up