After rates hit roof in 2011, borrowers look to better days

As per banks` latest postings, NPA levels saw 33 percent increase year-on-year for the September quarter. Under the system generated approach, a loan turns NPA on the 91st day of non-payment of EMIs.

Real Estate: The safe bet

When business partner in McDonald`s Harry Sonneborn remarked that they were actually in the business of real estate than selling cheesy burgers and fries, it may have come as a startling observation but it had the heft of logic.

Home, auto loans to cost more as RBI tightens policy: Bankers

Home, auto and corporate loans are likely to cost more, with the Reserve Bank raising key policy rates by half a percentage point, bankers said Tuesday.

NRIs not eligible for interest sops on home loans

The Reserve Bank Tuesday said non-resident Indians would not be eligible for incentives on interest on home loans of up to Rs 10 lakh.

SBI extends teaser home loan scheme by 3 mths

For the first year, SBI home loan is offered at 8 percent interest rate and at 9 percent for the second and the third year.

ICICI Bank launches new home loan scheme

ICICI Bank Ltd said on Friday it has launched a new home loan scheme offering a fixed 8.25% interest rate in the first year of the loan to maintain competitive mortgage rates.

HDFC lowers first yr home loan rate to 8.25%

HDFC on Thursday lowered its home loan rate to 8.25 percent for the first year applicable on fresh loans.

CCI notice to banks over home loan pre-payment penalty

Competition watchdog CCI has
asked about two dozen banks and housing finance companies,
including SBI, HDFC, ICICI Bank and LICHF, to explain their
move of imposing penalty on borrowers for pre-payment of home loans.

BoB sees 23-25% home loan growth in April-November

Bank of Baroda has seen its home loan portfolio growing by 23-25 percent during April-November, and expects the growth to pick up further in the next quarter, a BB official said.

United Bank of India launches home loan at 8%

The city-based state-run United Bank of India (UBI) has launched an eight percent home loan scheme available till March 31 next year, a release said here on Tuesday.

Citibank unveils mortgage product for home loan facility

Citibank Monday launched a novel mortgage product `CitiHome One` to offer its customers a home loan facility.

ICICI joins home loan war; offers 8.25% for 2 years

Private sector lenders ICICI Bank
and Kotak Mahindra on Tuesday announced low rates of 8.25 percent
and 8.49 percent respectively for home loans, intensifying
the cut-throat competition sparked by SBI and HDFC.

SBI extends 8% home loan scheme

State Bank of India has extended its 8% special home loan scheme till March
31, 2010.

IDBI Bank cuts home, auto loan rates by 0.25-0.5 pc

State-run IDBI Bank has cut its new home and auto loan rates by 0.25-0.5 per cent effective from October 1, a top official said.

UBI`s festive offer, cuts interest rates on home, auto loans

Public sector lender Union Bank of
India (UBI) today said that it has reduced interest rates on its housing and auto loans as a part of a festival offer.

LIC HF slashes home loan rates by 0.5 percent

Leading home loans provider LIC Housing Finance today cut interest rates for new loans by 0.5 percent effective from August 1.

PNB reduces home and car loan by 50 basis points

Following State Bank of India`s
footsteps, Punjab National Bank on Thursday slashed home and car
loans by 50 basis points.