Posted on October 30, 2008 by abhijitsetty
If the inflation comes down and RBI cuts the short term lending (repo rate) later this week, the country’s second largest public sector lender Punjab National Bank may consider a cut in interest rates.
PNB Chairman and Managing Director K C Chakrabarty said, “We have already reduced the interest rate but there is always a chance [...]
Filed under: Home loan, Home loan India, Home loan rates | Tagged: housing loan, interest rate, PNB, RBI, repo rate | Leave a Comment »
Posted on October 22, 2008 by abhijitsetty
Union Bank of India on Monday became the first bank to reduce its home loan rates by 0.50 per cent after the Reserve Bank slashed its key short-term repo rate by one per cent.
The new interest rate, with effect from tomorrow, will be 11 per cent, the bank said in a release issued here.
The public [...]
Filed under: Home loan, Home loan India, Home loan rates | Tagged: home loans, PNB, interest rate, home loan rate, UBI, Reserve Bank, repo rate, housing loans | 1 Comment »
Posted on October 15, 2008 by abhijitsetty
Credit limits are being slashed and the interest rates charged by credit card companies are gradually rising and we can blame all this on the current liquidity crunch.
In the last two months, major credit card companies like State Bank of India (SBI) and HDFC have increased the range of the slabs under which their interest [...]
Filed under: Home loan rates | Tagged: interest rate, credit limit, HDFC Bank, credit card companies, SBI Bank, interest rate slab | Leave a Comment »
Posted on October 10, 2008 by abhijitsetty
The Reserve Bank of India’s cut in the cash reserve ratio has released Rs 20,000 crore into the market—happy news for home loan borrowers because it may stop rise in interest rates.
HDFC chairperson believes Deepak Parekh the fall in oil prices, moderated inflation and rising liquidity will cap interest rates. “Oil prices are coming down, [...]
Filed under: Home loan, Home loan India, Home loan rates | Tagged: Home loan rates, interest rate, loan EMI, RBI, Reserve Bank of India, cash reserve ratio, home loan borrowers, HDFC Bank, credit policy | 1 Comment »
Posted on October 7, 2008 by abhijitsetty
A huge $8.4 billion homeowner rescue plan announced Monday by the Bank of America will provide some relief for an estimated 125,000 Californians who are having trouble making payments on sub-prime loans and other risky mortgages from Countrywide Home Loans.
The bank’s “Home Ownership Retention Program for Countrywide Customers” was devised by California and 10 other [...]
Filed under: Home loan, Home loan rates | Tagged: Home loan rates, home loans, homeowner, mortgages, sub-prime loans | Leave a Comment »
Posted on October 1, 2008 by abhijitsetty
A property fair, SBI Home Loan Mahostsav 2008, has been organized by State Bank of India. The three-day fair was inaugurated by the bank’s Chief General Manager, Bengal Circle, Mr Jayanta Kumar Sinha, here on Tuesday. A cross-section of builders and real estate developers catering to both low-income as well as high-income segments such as [...]
Filed under: Home loan, Home loan India | Tagged: car loans, home loans, Mahotsav, Mohan Motors, real estate developers, SBI Home Loan, SBI Mutual Funds, SBI. SBI Life Insurance, State Bank of India | 1 Comment »