The State Bank of India (SBI) does not foresee any immediate change in lending rates. SBI chairman .P. Bhatt, who was in the city today, said the bank's initiative in the home loan segment had helped both customers and real estate developers.

The city-based state-run United Bank of India (UBI) has launched an eight percent home loan scheme available till March 31 next year, a release said here on Tuesday. The bank would charge eight percent interest on home loan for the first year and nine percent for the second to fourth years

Citibank on Monday launched a novel mortgage product 'CitiHome One' to offer its customers a home loan facility. The universal home product enables the bank's customers to avail a conventional term loan and a credit line for buying or constructing a home of their choice, the leading foreign bank said in a statement here. "We offer customers a dual advantage of interest savings on their home loans

Home loan customers of Axis Bank have good news after the bank has decided not to charge pre-payment penalties to its home loans even when customers shift a loan to a competing bank. Citing 'cost of money' as a reason many lenders have imposed pre-payment penalties when any of their customers seeks to refinance a home loan through fresh loans at lower rates.

Dewan Housing Finance Corporation Ltd (DHFL) has joined the bandwagon of those offering lower interest rate home-loan schemes for the lower and middle income (LMI) group. The company today announced a 25-year home- loan scheme at a fixed 8 per cent interest rate annually for a period of two years for loans upto Rs 5 lakh, thereafter reverting to the variable interest rate. Similarly, the company has fixed an interest rate of 8.75 per cent annnually for two years for loans above Rs 20 lakh.

The interest rate scene in the country will remain easy for the next three-four quarters as there is excessive liquidity in the financial system, said Keki Mistry, managing director, HDFC Ltd. ?Credit offtake from the corporate sector is low and, therefore, demand for money will be low, keeping the interest rates too at low levels,? Mistry told media persons on Thursday.

Even as realty markets are trying to shake off the downturn impact, SKS Microfinance, the largest microfinance company in terms of assets, is set to offer its customers loans for their housing needs.

Home loan interest rates have come down quite significantly over the last one year as the Reserve Bank of India (RBI) cut the key policy rates (repo and reverse repo rates) and the cash reserve ratio (CRR).

The largest housing finance major? HDFC has fallen in line with State Bank of India. The company has introduced a special home loan scheme at 8.25% fixed up to March 2012, reports CNBC-TV18?s Gopika Gopakumar.