Home loan

Home loan interest set to rise on repo rate hike

RBI Governor Shaktikanta Das-led MPC hiked the policy repo rate by 50 bps to 5.40% with immediate effect

published on : 6th August 2022

Third repo rate hike in two months a huge blow to wannabe homebuyers, say experts

"This whammy comes along with the inflationary trends of primary raw materials, including cement, steel, labour, etc., that have recently led to a rise in property prices," an expert noted.

published on : 5th August 2022

Home loans, EMIs get dearer days ahead of RBI MPC meet

PNB and ICICI Bank have raised their internal benchmark or marginal cost of fund-based lending rate (MCLR) by 15 basis points (bps) and 30 bps each effective June 1.

published on : 2nd June 2022

Managing home loan EMI as interest rates go up

When interest rates go up, the interest burden of a home loan borrower would go up, and this needs to be compensated either by way of an increase in the tenure of the loan or an increase in the EMI.

published on : 9th May 2022

RBI extends rationalised home loan norms till March 2023 

Recognising the importance of the housing sector and its multiplier effects, it has been decided to extend the applicability of these guidelines till March 31, 2023, the Governor said.

published on : 8th April 2022

HDFC witnesses highest ever loan approval; crosses Rs 2 lakh crore in FY22 

HDFC continues to have the largest number of home loan customers of over 2.7 lakh, who have availed benefits under the Credit Linked Subsidy Scheme.

published on : 23rd March 2022

Despite price rise, housing demand to remain robust: HDFC Chairman Parekh

“The India real estate market is on an upward cycle which bodes well for all of us. The big star of the real estate sector continues to remain residential housing in India.

published on : 18th February 2022

CBI arrests SBI sales executive and his accomplice in a bribery case in Maharashtra's Amravati

The complainant was asked to transfer the loan account to SBI Camp Branch instead of ICICI Bank. 

published on : 15th January 2022

Buying home for investment? Think again!

Many individuals who had invested in real estate in NCR post 2014, expecting good returns, are stuck with incomplete projects, delays and poor appreciation of property price.

published on : 1st November 2021

Axis Bank to waive 12 EMIs on select home loans under festive offer

Customers will be offered up to 20 per cent discount on purchases from select 2,500 local merchants across 50 cities.

published on : 19th October 2021

Why is now the right time to buy a home?

The COVID-19 pandemic has not only made people realize the importance of having a contingency plan for emergencies, but also changed some other rules of the game.

published on : 6th May 2021

The Major Factors That Affect Your Home Loan Interest Rate

The housing loan segment is expected to estimate arrives amid financial institutions offering competitive interest rates and ramping up their efforts to make housing loans more accessible 

published on : 11th February 2021

Home, auto loan EMIs to go up as State Bank of India, Punjab National Bank hike lending rates

Two state-run lenders State Bank of India and Punjab National Bank today raised their lending rates by up to 20 basis points.

published on : 1st March 2018

Pre-2016 home loans may become cheaper from April 1, courtesy RBI

With RBI deciding to harmonise the methodology of determining benchmark rates, interest rates are likely to come down once banks decide to follow the diktat.

published on : 12th February 2018