Says hike is in line with market scenario; rates are still very competitive and demand for home loans is to likely to sustain
The RBI's decision to hike the benchmark interest rate will make home loans costlier and affect housing sales, especially in affordable and mid-income segments, according to property consultants.
Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult
Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%
Says rates are at historic lows now; a housing loan is a long-term loan during which rates move up and down and a customer who wants a house won't hold back just because they are rising currently
With markets touching a new high, the interest rates on home loans have hit a record low in India. But are interest rates the only factor to consider while taking a home loan? Find out here
SBI announces festive bonanza for home buyers
While benchmark rate can change any time, spread changes only in rare instances
Women borrowers to get a special concession of 5 bps
SBI had a special offer in March that offered home loans started from 6.7 per cent.
Don't go by the lowest advertised home loan rates; find out what you are eligible for
Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts
The revised rate of 6.75% comes into effect today
In this podcast, Business Standard's Sanjay Kumar Singh demystify the process of choosing your lender. Tune in to know more
If more lenders hike their risk premium, it will spike the interest rate on your borrowing
Watch out for other charges like foreclosure fee
Sheth further said they will also be tapping the customers from those developers whom it funds now to grow the loan book
Here's how the home loan rates by public and private sector banks stack up
Interest has to be paid only on the amount used
The inherent belief of the powers-that-be appears to be that a new home loan is the only way to provide a fillip to economic activity