Loan for personal Home at Low Intrest rate

India's economic situation is at a rapid growth. After the boon of outsourcing the power of spending of today's generation suddenly shot up. Employment was on a rise, youngsters just out of college or some even while pursuing their education have gotten addicted to this irresistible power and freedom of spending where they no longer want to rely on the budgeted pocket money from their parents. In a way this was good but also bad as the economic conditions were on a downfall due to the dependency on unreliable businesses. In spite of this the spending has reduced however it still persists. Owning a Car at one time was like achieving a high target goal in one's life. Getting a home was like the purpose of life. But today all of this has become a click away. Of course nothing comes for free. This is all a click away to living on credit. But then again it's for the individual to make the best of the credit or a burden. Like I said before today it's not difficult to ge...

Considering the potential in the education loan segment, HDFC Bank will target this segment through Credila financial services which specializes in education loans. The bank has 41 percent stake in the organization, reports Rupee Times. Renu Sud Karnad, Managing Director, Housing Development Finance Corporation (HDFC) said, "Credila is a tiny company today. But in the coming years, we want to push education loans through it. We see a good market for loans for college education. We want to use the HDFC expertise to see quick turnaround times." She denied any plans of HDFC going for a stake sale in HDFC Bank in the upcoming financial year. Temporarily, the bank has denied any possibility to follow the path of SBI , as SBI extended its teaser home loan season till April 30. The bank had stopped its teaser loan scheme earlier in March this year and has no plans in the near future to come back with teaser home loans .

Loan for personal Home at Low Intrest rate: Plan Your EMIs for Home Loan

Buying a Housing Property is a very big financial commitment on the personal front. Attractive and aggressive home loan schemes coupled with tax incentives has made it easier for younger people to invest in housing properties. Buying a Housing property and financing it through home loan has many benefits; however it requires a certain amount of financial planning on the individual’s part in order to make the process easier throughout the easy loan tenure. Before choosing the home loan you can compare online home loan rates and also check eligibility for Home loan through Home Loan Eligibility Calculator . Trends of Interest Rates The interest rates cycles have shrunk over the past couple of decades. We are seeing a lot of volatility and cyclic trends in the interest rates. Real estate, especially the home property market has seen a major shift in the last few years. The globalization has brought in many factors that influence the macro economy conditions in general which impacts th...

The government today introduced the State Bank of India (Amendment) Bill in Parliament to give SBI more leeway to raise capital from the market through preference shares, bonus shares and private placement of shares. The Bill proposes to bring down the minimum government shareholding in the country’s largest bank to 51 per cent from the 55 per cent prescribed in the existing law. The Bill, presented by Finance Minister Pranab Mukherjee in the Lok Sabha, proposes to increase the authorised capital of SBI to Rs 5,000 crore, enabling the government to increase or reduce it in consultation with the Reserve Bank of India. “The Bill proposes to amend the SBI Act to allow the issued capital of the State Bank to be raised by preferential allotment of shares or private placement or public issue or rights issue,” the finance minister said while introducing the Bill. At present, the Centre holds 59.41 per cent in SBI. The bank does not have much headroom to raise capital by diluting the gover...

The country’s largest lender, State Bank of India (SBI), today said the proposed base rate mechanism to replace benchmark prime lending rate (BPLR) will be beneficial for it. “It is good for us,” SBI Chairman OP Bhatt told Business Standard. According to the draft norms issued by the Reserve Bank of India (RBI) last week, the new benchmark will be based on the cost of deposits, overhead costs, adjustment for negative carrying cost on funds pre-empted by cash reserve ratio and statutory liquidity ratio and a profit margin. At the same time, RBI has proposed a ban on lending below BPLR from April 1. While banks will benefit by around one percentage from the adjustment for negative carrying cost on cash reserve ratio and statutory liquidity ratio, the ban on sub-BPLR loans is also expected to increase yield on advances. For banks such as SBI, sub-BPLR loans accounted for nearly three-fourths of all lending. With low credit demand, banks were offering short-term corporate loans at 6...

The country's top lenders have decided to review the future of fixed-cum-floating home loan interest rate schemes in March. The limited period offers, which have come to be known as teaser rate schemes, are due to end by March 31. State Bank of India chairman O P Bhatt said "We will review it ( special home loan scheme ) sometime in March and see what kind of (credit) offtake has taken place, what kind of liquidity we have, what is the view on lending to various sectors and where we think the cost of funds is heading." He added that the effort would be to keep interest rates down, but if it hurt the bank, then rates would have to go up. Lenders get tough with realtors Banks have cut their exposure to real estate, as stressed assets mount in the sector. State Bank of India ( SBI ) and Punjab National Bank (PNB), among others, have begun cutting borrowing limits for the sector, coupled with aggressive recoveries. According to a data released by the Reserve Bank of I...