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.

Country?s biggest lender State Bank of India has lengthened its special home loan scheme at 8% rate of interest by more than 4-months till 31st March, 2010. The decision of the bank would help small home loan receivers

A panel from Reserve Bank of India has proposed a transparent pricing structure for floating rate loans. As per the proposal the benchmark rates would get automatically revised with the reduction in cost of funds.

A panel from Reserve Bank of India has proposed a transparent pricing structure for floating rate loans. As per the proposal the benchmark rates would get automatically revised with the reduction in cost of funds...

Public sector lender, Central Bank of India, expects its home loan segment to grow by 25 per cent in the current fiscal, which would widen the portfolio size to Rs 10,000-crore, a top official said. "We are looking at a home loan growth of about 25 per cent this year.

Real estate could be the lynchpin for the equity markets and a failure of a large initial public offering could start a correction in the market, a veteran banker said on Wednesday. "If a large real estate IPO fails, it could have a serious repercussion on the market...

Home loans today pierced the interest rate floor of 8 per cent that the State Bank of India had set in February. GIC Housing Finance, a subsidiary of state-owned General Insurance Corporation of India (GIC)...

Banks will now have to disclose the reference rate to which the lending rate is linked while extending loans to retail customers. They will also have to convey to the customer the most important terms and conditions for credit cards and loans, reports Business Standard....

State Bank of India, Deutsche Postbank, ING Vysya Bank and Punjab and Sind Bank are attempting to light up the festival season by lending more for home purchases than they did six months back, thanks to availability of funds and rising trust in the borrower....

Union Bank of India, Bank of India, Allahabad Bank, Corporation Bank, UCO, United Bank of India are among the banks entering this space. Traditional players will now have to chase customers given the increase in competition...

For those planning to take a loan to buy their house, there is good news. Several banks have slashed home loan rates recently. Bank of India has come up with a festive offer called Star Home Loan, which can be availed till December 31. For a loan of up to Rs 50 lakh...

Demand for residential projects in major cities is picking up on lower home loan rates, property price cuts by developers and job market recovery, a study by Religare Capital Markets Ltd said. Indian real estate saw demand for housing collapse from 2008 amid...

In order to revive the demand in the real estate sector, Urban Development Minister Jaipal Reddy today favoured cheaper loans for buying houses. "Real estate is facing a slowdown

The government is considering a proposal to hike income-tax exemption available for interest payment on home loans to

The rate of default in repaying home loan installments in public sector banks like SBI (State Bank of India) and PNB

After suffering substantial declines in the demand for home loans in India, banks have blamed the rising property rates as a reason behind the slash.

Owing to the sharp fall in the home loan demand in the recent times, the Indian banks have begun to cut interest rates. Interestingly, the banks have been propagating their move as Diwali offer in September itself, in spite of the fact that...