Things to Keep in Mind Before Buying a Home

Published: August 19, 2010

Of all the dreams that a person dreams in his lifetime, the most desired is the one for owning a house. It is much more than just a real estate purchase or an investment opportunity. Every individual aspires to have a private space that he can call as home. People spend lots of time and money [...]

Posted under Buying Property

SBI Increases Interest Rates on Home Loan

Published: April 5, 2010

State Bank of India (SBI), the largest bank in India and one of the leading players in the housing finance market, has raised interest rates on home loans. Although the bank will continue with its 8% teaser rate — which the SBI had introduced more than a year ago — for the first year, it [...]

Posted under News

Banks Attempt to Make the Best of Festive Season by Lending More for Home Purchase

Published: September 22, 2009

State Bank of India, Deutsche Postbank, ING Vysya Bank and Punjab & Sind Bank are attempting to light up the festival season by lending more for home purchases than they did six months back, thanks to availability of funds and rising trust in the borrower. But individuals are still not buying as high home prices [...]

Posted under News

Home loans up to Rs 10 lakh get 1% interest rate subsidy

Published: September 11, 2009

Affordable housing, especially in non-metros, could get a much-needed boost with the Government on Thursday approving the one per cent interest subvention scheme for housing loans up to Rs 10 lakh. The Centre has allocated Rs 1,000 crore for the scheme.
Under the new scheme approved by the Cabinet, the interest subsidy will be made available [...]

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EMI as Important as Rates in Home loans

Published: April 1, 2009

Home loans are not all about low interest rates. The most important factor of a home loan is serviceability of the equated monthly instalment (EMI). Lenders too realise this. For the convenience of the customers, many banks have come up with products that can suit individuals needs. State Bank of India (SBI) markets this products [...]

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Six Home Loan Mistakes to Avoid

Published: February 11, 2009

The age-old fear of moneylenders has instilled a natural financial discipline among Indians. Yet, the heady growth over the past four years has lulled many into a false sense of security and put them at risk of falling into a debt trap.
Risks for borrowers increased manifold after the markets moved towards a floating rate regime [...]

Posted under News

DLF wants home loan interests cut

Published: November 25, 2008
By Anuj

DLF, India’s biggest real estate developer, said a recovery in the property market in the next six months hinges on lower home loan rates to lure first-time buyers. DLF, India’s biggest real estate developer, said a recovery in the property market in the next six months hinges on lower home loan rates to lure first-time [...]

Posted under News