To understand the benefits of cheaper home loans and its effect on homebuyers, let’s first understand the current home loan interest rates of major Indian banks and HFCs (Housing Finance Companies) (as of August 2018)
As on August 4, 2018, Indiabulls Housing Finance has increased 20 basis points in the interest rates for home loans. Post this revision, the home loan interest rates worth upto Rs 35 Lakhs will be from 8.70% onwards.
Presently, almost all the leading banks provide home loans, however the interest rates may vary from bank to bank. Many of the NBFCs (Non-Banking Finance Corporations) also offer a variety of home loans to its customers at competitive interest rates.
Top Home Loan providers in India for 2018. Compare Home Loan Rates From Top Banks and Providers. Compare SBI Home Loan, HDFC Home Loan and ICICI Home Loan.
Top 10 Tips to Consider before Availing a Home Loan – Credit Score, Interest Rates, Tenure, Processing Fees, EMIs, Documents, Down payments, Pre-Payment Penalty, Foreclosure Norms
Recently, the news about banks holding back on new home loan overdraft accounts has been floating in the market. Banks that are not completely closing this product are looking forward to tightening the regulations around it such as ceiling the money in overdraft account. So why is this happening? Why are banks shying away from…
Do you think that you are paying a home loan with high interest rates and charges? Is high EMI on your home loan has become a burden on your monthly income? Most individuals who feel the interest is too high or the EMI is too much to afford, make use of the home loan transfer…
Buying a home is a once in a lifetime decision and one of the biggest dreams in life for many of us. Every individual has a desire of buying a home of his own. It is one of the most important financial decisions for any individual as it involves a lot of planning, execution and…
When you are looking to buy a dream home, one of the most difficult decisions for you is to choose a right lender to avail a home loan from. There are various banks and financial institutions ready to accept your loan application and grant you loan but that does not mean you are getting the…
The monetary policy committee of the Reserve Bank of India (RBI) announced a hike in the repo rate by 25 basis points to 6.25%. This increase in the repo rate by the Reserve Bank of India has come after a span of four and a half years. The last time repo rate was raised was…