Home Loan Rates

Bank of Baroda cuts home loan rates by 40 basis points for new customers

Bank of Baroda has cut home loan rates by 40 basis points, with revised rates starting at 8 per cent and linked to borrower credit scores; added concessions offered

Mortgage lender Can Fin Homes plans to raise Rs 2,000 crore via NCDs

Expects to reduce home loan rates by 10-15 bps

RBI rate cut: Home loan borrowers can save Rs 4.20 lakh on Rs 50 lakh loan

RBI's decision to reduce the repo rates by 25 bps piggybacks on the recent taxation benefits announced in the Union Budget

RBI's CRR cut brings relief: Time for borrowers to review home loan terms

The CRR cut would allow banks to lend more by freeing up reserves

RBI holds repo rate: No relief for home loan borrowers amid inflation surge

"A steady rate ensures consistent repayment terms, which increases the confidence of homebuyers," said Manju Yagnik, vice chairperson of Nahar Group and senior vice president of NAREDCO Maharashtra

Most urban Indians aspire to own homes, prefer home loans: Report

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

China keeps lending rate unchanged as housing market still struggling

China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year medium-term lending facility loans, used as a benchmark for other lending rates, at 2.5%. The decision aligned with expectations: instead of cutting already low interest rates Beijing has focused on channeling spending to areas considered to be high priorities such as high-tech industries. The government reported Monday that factory output fell 5.6% in May from the year before, slowing from 6.7% in April, though analysts noted some impact due to more work days in this year compared with the year before. Property investments fell 10% year-on-year and home sales sank 30.5%, suggesting a raft of measures to try to turn around a real estate slump have yet to take hold. Home prices in major, so-called Tier 1 cities like Beijing and

Buying a home? The best home loan rates offered by banks, finance firms

Interest rates depend on a customer's creditworthiness, loan amount, professional background and other factors

Buying a home? Here are the best home loan rates being offered by banks

Interest rates vary and are influenced by several factors including your creditworthiness, loan amount, professional background

Bank of India reduces home loan rates by 15 bps to 8.3% till March 31

Public sector lender Bank of India on Tuesday announced a reduction in new home loan rates to 8.3 per cent from 8.45 per cent and fully waived off processing fees as a limited period offer till the end of this month. The bank claimed that at 8.3 per cent, it has the lowest rate among its peers. For SBI and HDFC Bank, which are the industry leaders, the lowest rate begins at 8.4 per cent. The offer is valid up to March 31, it added. The bank also said it is offering special financing for rooftop solar panels at 7 per cent interest rate and with no processing fee. At 8.3 per cent, a 30-year tenor home loan will have a starting EMI of Rs 755 per month per lakh. The loan package is further enhanced with an overdraft facility, providing a flexible and comprehensive financial support system for homebuyers, it said. Besides covering home construction, renovation and furniture, its home loan offering broadens its scope beyond traditional financing to promote clean and renewable energy ..

Banks like Bank of India, HDFC offer lowest home loan interest rates

Take a look at the interest rates offered by leading banks and the projected monthly installments for a home loan

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

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 .

42% faced with higher EMIs, 74% see loans become more expensive: Survey

42% have seen their EMIs go up and 21% have seen both EMI and tenor increase, according to a survey by Bankbazaar.com Of these, 76% have seen their interest rate increase by more than 1%

As rents rise, here is what you can ask from your landlord for protection

Sign a long-term agreement that should have a reasonable escalation built in and a minimum guaranteed tenure

Explained: Borrowers can change tenures, EMIs, switch to fixed rates during loan resets

RBI has now made it mandatory that at the time of sanctioning a loan, the bank will have to convey in writing to the borrower the impact of a rate change.

What a hike in MCLR means for borrowers: Who gets impacted and who doesn't

Marginal Cost of Fund based Lending Rate refers to the minimum interest rate a bank must charge for lending. The bank cannot grant any loan below that rate, except in certain cases permitted by RBI

Explained: Repo rate unchanged at 6.5%, worst over for home loan borrowers

The lowest rates being offered in the home loan market today are in the 8.40 to 8.50 for eligible borrowers.

Home loan demand declines, special interest rates to continue

CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity

Costly home loans pinch realtors, worry about financial closure of projects

Worry about financial closure of projects if interest rates go up any further