HDFC is likely to raise home loan rates by 50-100 basis points this week, according to HDFC chairman Deepak Parekh. He said HDFC was still studying the impact of the rising borrowing costs and would take a final call on rates this week.

Rising interest rates on home loans is bad news for any borrower, but it is particularly bad for those who got loans at floating rates in late 2004 or early 2005. Such borrowers are effectively paying between 0.5 and 2.0 percentage

CITY BUILDERS aren't sure when the high tide of the home loan rates is going to ebb in the coming months. And it is certainly not good business for them during the next six months as middle class aspirations for a housing unit would die out - at least for the next

State Bank of India has pioneered a system called Centralised Process Cell to ensure hassle free housing loan availability to clients. It is aimed at making purchase of house affordable for middle class buyers.

A key player in the home loan market, HDFC on Thursday said it would hike housing loan rates by another 0.50 per cent this month-end or early March. HDFC's current interest rates are 11 per cent (fixed) and 9.50 to 9.75 per cent on floating loans.

In response to the Reserve Bank of India's latest round of hikes in the cash reserve ratio (CRR), a slew of state-run banks decided to make the first moves in raising lending rates. upping them 50 basis points across the board on Wednesday.

Housing finance major HDFC on Thursday announced a hike in its housing loan interest rates by 0.50 per cent effective this month-end or early March. This would be the second time within a month that HDFC would be raising home loan rates.

Following a sudden increase in the share of cash that banks are obliged to park with the Reserve Bank of India (RBI) by 0.5 percentage points to 6 per cent, home loan rates are expected to increase

Marketmen fear panic selling in the stock market on Wednesday following the Reserve Bank of India’s decision to raise cash reserve ratio (CRR) by 0.5% in two stages to tame the mounting inflation in the economy.

Banks are set to go in for another round of across-the-board interest rate hikes, with the Reserve Bank of India today increasing the cash reserve ratio (CRR) by 50 basis points to 6 per cent in two stages.

Public sector banks, which have been asked by the government to hold their home loan rates, are expected to review their interest rates on other loans in early April. Most public sector banks are experiencing pressures on margins.

The bank, which has one-third share of lending to individuals for purchase of houses, cars and other durables, said the floating rate on home loans has been raised by one percentage point to 11.75 percent.

In a meeting with chairmen of all public sector banks (PSBs), finance minister P. Chidambaram urged them "not to raise interest rates on home loans", and added "they have unanimously agreed to the same."

Finance Minister P Chidambaram on Monday requested chiefs of public sector banks not to raise interest rate on home loans. But at least the private banks are set to raise the interest rate — by a steep one percentage point.

Less than a week after the Reserve Bank of India (RBI) raised short-term rates to curb spiraling credit growth, Finance Minister P. Chidambaram on Monday called upon all public sector banks not to hike home loan rates.

Indian Bank has raised its home loan rates by 0.25 percentage points from February 1 following a 25-basis-point hike by the Reserve Bank of India in its key short-term lending rate on January 31

Borrowing costs are set to rise again across the board, more sharply for commercial real estate and capital market players, with the Reserve Bank of India (RBI) today tightening liquidity and targetting some sectors to check excessive credit growth