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Jio Financial Limited

02 Sep 2024

Mukesh Ambani's Loan Distribution Plan May Pose Serious Competition To Banks

Jio Financial Limited To Launch Home Loans: Mukesh Ambani's Jio Finance Ltd, the NBFC subsidiary of Jio Financial Services, announced that it is in the final stages of launching home loans, which are currently available in Beta mode. This update was shared during the company's first annual general meeting since its stock market debut in August 2023. Adding further, the company plans to introduce other financial products, including loans against property and securities. Meanwhile, Jio Insurance Broking Limited (JIBL) has partnered with 31 leading private and public sector insurance companies to offer insurance products through the JioFinance app.

14 Jun 2023

Home Loan Dilemma: Floating Or Fixed Rate Post RBI’s Rate Hike Pause?

RBI’s decision to maintain repo rates gets approval from housing industry. Borrowers, however, face a dilemma between fixed and floating-rate home loans. Floating rates can lead to potential future repo rate cuts.

RBI monetary policy 2023

08 Feb 2023

RBI Monetary Policy 2023: Realty Sector Expects Pressure on Sales Volumes

RBI hikes Repo rate by 25 bps to 6.50% on Wednesday. Realty sector expects increase in pressure in affordable and mid-housing segment.

Home loans interest

08 Nov 2022

Rising interest rate unlikely to severely affect asset qty of home loans: ICRA

A rising interest rate scenario presents a dilemma for housing finance companies (HFC)s. Mortgage lenders normally increase the EMIs while keeping tenures constant or do it vice-versa. Lenders usually extend the tenure first to keep the borrower's monthly debt burden in check.

Personal finance

12 Oct 2022

Home Loan Tips: Check out THESE tips before taking a home loan

Banks provide home loans to customers. It is wise to do thorough research before taking a home loan, You should know forced closing rate of home loan before.

27 Sep 2022

Real estate sector well-placed to absorb RBI's another rate hike: Anarock

The RBI cut interest rates from 5.15 per cent when the pandemic hit to as low as 4 per cent, which then boosted real estate assets. Declining interest rates were a key reason for the massive housing demand surge in the past two years. It is widely expected the RBI may hike rates by 50 basis points in the monetary policy review meeting during September 28-30.

18 Sep 2022

Is buying a home in India amidst rising prices a right decision?

Realty experts feel that the demand for houses will not witness a massive impact. Interest rates have a profound effect on the value of residential properties. This rate hike has a moderate impact on residential property sales.

Indiabulls Housing Finance Limited

15 Sep 2022

Homebuyers ALERT! Home Loan EMIs of THIS bank to increase from October

Reserve Bank of India had increased the repo rate by 140 bps so far in this financial year RBI's current lending rate stands at 5.4 per cent Indiabulls Housing Finance has also increased its reference rate w.e.f. Sept 15

11 Jun 2022

Banks with lowest lending rate on home loans: PNB Housing, LIC, ICICI, BoB

The Repo Linked Loan Rate (RLLR) of PNB has been raised from 6.90 per cent to 7.40 per cent. Baroda Repo Linked Lending Rate [BRLLR] has been hiked to 7.40 per cent. Central Bank of India raised its rate by 50 basis points.

10 Jun 2022

Home loan borrowers, Alert! HDFC hikes lending rate on housing loans

HDFC’s home loan rates now start from 7.55%. PNB has increased the lending rates on home loans by 15 basis points or 0.15%. State Bank of India increased the home loan lending rates by 40 basis points or 0.40% to 7.05%.

01 Jun 2022

Higher EMIs, bank charges, insurance premiums: 7 BIG changes

From a hike in home loan EMIs to costlier third party motor insurances, a slew of changes coming into effect from today, June 1, could burn a hole in the common man's pockets.

16 Apr 2022

HDFC Bank to raise Rs 50,000 crore via bonds; re-appoints Renu Karnad

The funds will be raised in the period of next 12 months through private placement mode. Her appointment is subject to approval of the shareholders at the ensuing annual general meeting of the bank. Renu Karnad is the Managing Director of Housing Development Finance Corporation Ltd since 2010.

14 Apr 2022

Homebuyers Alert! You could have to pay more interest on home loan EMIs

Repo rate is the interest rate at which the RBI lends funds to commercial banks. A hike in the repo rate will pressurise lenders to increase interest rates on home loans. Retail inflation hiked to 6.95 per cent on yearly basis in March 2022.

01 Apr 2022

Housing sales up 71% in 7 major cities in Jan-Mar; highest sales since 2015

In Delhi-NCR, housing sales more than doubled to 18,835 units from 8,790 units, while the MMR saw a 43 per cent rise in sales to 29,130 units from 20,350 units. Housing sales in Bengaluru grew 55 per cent to 13,450 units from 8,670 units. Pune rose 33 per cent to 14,020 units from 10,550 units.

17 Oct 2021

Bank of India cuts interest rates on home, vehicle loans

Bank of India is now offering home loans starting at just a 6.50 per cent interest rate. The latest move is aimed at making housing affordable for many. At 6.5%, the Bank of India is now offering home loans at one of the lowest interest rates in the industry.

07 Oct 2021

Bank of Baroda slashes interest rate on home loans: Compare rate with SBI, LIC

Bank of Baroda is offering home loans starting at 6.50%. Bank of Baroda had recently cut its interest rates on home loans to 6.75%. It is offering of the cheapest interest rates.

26 Sep 2021

SBI offers home loan at 6.7%: Check eligibility, documents and more

State Bank Of India offers low-interest home loans that are processed for free. There are no prepayment penalties on these SBI house loans. SBI offers home loans with terms ranging from three to thirty years.

21 Sep 2021

HDFC offers home loans at 6.7% ahead of festive season

With this offer, customers can get an HDFC Home Loan starting at 6.70 percent from September 20 onwards. This is a close-ended scheme and will be valid till October 31, 2021, the lender said. Besides HDFC Bank, other banks including State Bank of India (SBI), Bank of Baroda, Kotak Mahindra, and PNB had cut down home loan rates.

17 Sep 2021

After SBI, Bank of Baroda slashes interest rates on home and car loans

The bank has also announced a processing fee waiver on home loans. Customers can also get instant sanctions for car and home loans. SBI has also announced several festive bonanza offers to make home and car loans more attractive for customers.

14 Aug 2021

SBI’s Independence Day offer: Apply for home loans at 0% processing fees

SBI said, “This Independence Day, step into your dream home, with ZERO* processing fee on Home Loans.” SBI customers can get home loans at even cheaper rates by using the SBI YONO app. SBI is offering a 6.95% interest rate on home loans worth Rs 30 lakhs to 75 lakhs.

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