Loan for personal Home at Low Intrest rate

The SIAM estimated that car sales would grow by 11 to 13 percent in 2012-13, well above the zero to two percent growth it currently expects this fiscal year. Sales of new cars in India are likely to pick up in the next financial year, an industry body predicted on Tuesday, after months of flattish growth due to high borrowing costs and fuel prices. Sen said he expected India's central bank to announce "some policy measures" in coming months that would help boost economic growth and kick-start demand for cars. "The current quarter and the next fiscal year should be better," SIAM senior director Sugato Sen. Since November, car sales have improved slightly but remain subdued with many potential buyers deciding to defer their purchases or cancel them altogether because of costly Car loan and rising fuel costs. The cost of borrowing has risen due to high inflation, which the Reserve Bank of India has tried to rein in by raising interest rates 13 tim...

With inflation remaining high, the Reserve Bank on Monday indicated that it may go for another round of interest rate hike tomorrow even though the step may impact the economic growth. "Inflation risk persists. The policy choices have become more complex. In this backdrop, the monetary policy trajectory will need to be guided by the emerging growth- inflation dynamics even as transmission of the past actions is still unfolding," RBI said in its review released on the eve of mid-year monetary policy announcement tomorrow. Though the risk to growth is becoming visible, the challenge of bringing down inflation to an acceptable level on a sustainable basis remains significant, it further said. On account of various global and domestic factors, the RBI said, "growth in 2011-12 is likely to moderate slightly from that projected earlier". The RBI had projected the economic growth, or GDP expansion, for the current fiscal at 8 %, down from 8.5 % in 2010-11....

An aggressive strategy on retail loans has helped the country’s largest lender, State Bank of India (SBI), grow its loan book at a rate higher than the industry average, even in the quarter to December ‘09 at a time when loan growth has generally been tepid. The retail portfolio primarily comprises home loans , education loans and Car loans which grew at 29%, 32% and 46%, respectively. A high growth strategy in this segment is one which is fraught with a lot of risks. But for now, it’s not reflected in bad loans. For instance, retail loans contributed only Rs 238 crore to the net additional gross NPAs of Rs 1,485 crore in the quarter to December ‘09. So, the concerns over falling assets quality due to an increased focus on retail loans have been belied, for now. However, gross NPAs formed 3.1% of gross advances at the end of December ‘09 quarter. In terms of percentages, bad loans continue to remain high compared with 3% reported in the September ‘09 quarter. What could be of com...