Latest news updates from home loans and home insurance industry in India.Find more information on housing finance sector and relative home loan interest rates hike by various home loan provider banks and home finance companies in India http://www.guide2homeloan.com/news/default.aspx en-us Mon, 17 Sep 2007 14:55:34 EST http://www.guide2homeloan.com/news/Sep-2007/home-loan-demand-declines.aspx 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. Mon, 17 Sep 2007 14:50:12 EST http://www.guide2homeloan.com/news/Sep-2007/bob-cuts-loan-rates-others-to-follow.aspx Owing to the sharp fall in the home loan demand in the recent times, the Indian banks have begun to cut interest rates. Fri, 07 Sep 2007 14:50:12 EST http://www.guide2homeloan.com/news/Aug-2007/indian-banks-unaffected-of-US-sub-prime-mortgage-crisis.aspx Reacting over the sub-prime mortgage crisis going on in the United States, the Reserve Bank of India (RBI) and National Housing Bank (NHB) have taken sufficient measures to protect Indian banking system of the same Wed, 29 Aug 2007 14:50:12 EST http://www.guide2homeloan.com/news/Aug-2007/ICICI-bank-home-loans-to-organize-property-expo-in-delhi.aspx ICICI Bank Home Loans is presenting a mega property exhibition ‘Property Maha Utsav’ from August 17 to 19, 2007 at Hotel Taj Palace in Delhi. The exhibition will be open 7 days a week from 10 a.m. to 8 p.m. Thu, 16 Aug 2007 13:12:35 EST http://www.guide2homeloan.com/news/Aug-2007/ICICI-Dena-bank-cut-deposit-rates.aspx A year ago, rate of interest were so low that people could easily be seen rushing to buy loans for everything from cars to homes Fri, 10 Aug 2007 05:10:19 EST http://www.guide2homeloan.com/news/July-2007/home-loan-rates-rise-affect-insurance-cos.aspx Soaring interest rates on home loans and a recent rise in stock markets are forcing borrowers to take away their savings from the life insurance industry Thu, 31 Jul 2007 18:30:15 EST http://www.guide2homeloan.com/news/July-2007/HDFC-may-cut-home-loan-rates-awaits-RBI-cue.aspx The country's largest mortgage finance company, HDFC, may reduce lending rates if the central bank does not tighten rates or resort to a monetary squeeze by hiking the cash reserve ratio (CRR) Thu, 26 Jul 2007 12:01:56 EST http://www.guide2homeloan.com/news/July-2007/corp-bank-cuts-home-loan-rates.aspx Corporation Bank, an Indian bank in public sector, has brought a drop in its floating home loan rates by a quarter percent. The cut on interest rates will be applicable to the loans with tenure of five to fifteen years Tue, 24 Jul 2007 04:54:21 EST http://www.guide2homeloan.com/news/July-2007/hdfc-forays-into-home-equity-business.aspx HDFC, the country's largest housing finance company, has made a quantum jump in the home equity business by offering housing loans against property at 13.25% Thu, 19 Jul 2007 09:02:15 EST http://www.guide2homeloan.com/news/Jun-2007/SBI-to-increase-EMIs-on-home-loans.aspx State Bank of India, the largest bank in India, is considering revising the equated monthly installments (EMIs) on its home loans as interest rates have risen up by two per cent in the past 1 year. Fri, 29 Jun 2007 15:43:48 EST http://www.guide2homeloan.com/news/Jun-2007/leading-banks-selling-bad-home-loans.aspx For the last two quarters, there has been a considerable rise in default cases from retail customers. The situation has forced the top loan providers in the country: ICICI, State Bank of India(SBI), and HDFC, to sell their bad home loans. Wed, 27 Jun 2007 09:33:48 EST http://www.guide2homeloan.com/news/Jun-2007/home-loans-to-secure-over-earthquake-resistant-structures-only-NDMA-says.aspx Now, people borrowing home loans will have to ensure their home to be earthquake resistant, as per the new guidelines released by the National Disaster Management Authority (NDMA). Tue, 26 Jun 2007 12:35:10 EST http://www.guide2homeloan.com/news/May-2007/home-loan-rates-to-stay-hard-for-a-while.aspx Home loan borrowers may have to wait a while before they see interest rates soften unless the Reserve Bank of India relaxes some of the fiscal curbs it has imposed on banks. Thu, 24 May 2007 17:43:31 EST http://www.guide2homeloan.com/news/May-2007/ICICI-bank-launches-48-hour-home-loan-processing-in-mysore.aspx ICICI Bank has launched a 48-hour home loan-processing scheme in Mysore. Tue, 22 May 2007 10:12:37 EST http://www.guide2homeloan.com/news/May-2007/home-loan-banks-portfolios-slowing-down.aspx Rising interest rates has resulted in home loan portfolios of large banks showing signs of a slowdown in housing finance disbursement. Mon, 21 May 2007 08:55:12 EST http://www.guide2homeloan.com/news/May-2007/CARE-reaffirms-rating-of-weizmann-homes-ltd.aspx CARE has retained the 'CARE A- (FD) [Single A Minus]' ; rating of the FD programme of Weizmann Homes Ltd. for an outstanding amount of 2.89 crore. Fri, 18 May 2007 10:13:23 EST http://www.guide2homeloan.com/news/May-2007/banks-could-face-more-home-loan-defaults.aspx National Housing Bank (NHB) is keeping a close watch on the possible defaults that could take place due to rise in EMIs on home loan borrowers. Thu, 17 May 2007 15:37:43 EST http://www.guide2homeloan.com/news/May-2007/banks-wont-let-you-shuffle-home-loan-rates.aspx Banks are inserting new clauses in home loan agreements to protect their interests amid hardening interest rates and rising defaults. Tue, 15 May 2007 11:34:06 EST http://www.guide2homeloan.com/news/May-2007/second-home-loan-rates-may-go-up.aspx Second home loans may cost more as some large public sector banks are contemplating a higher interest rate. Mon, 14 May 2007 10:25:34 EST http://www.guide2homeloan.com/news/May-2007/hdfc-bottom-line-up-25-percent-declares-dividend-of-Rs-22.aspx HDFC has recorded a rise of 25 per cent in net profit at Rs 1570.38 crore for the year ended 2006-07, compared with Rs 1257.3 crore for last year. Thu, 10 May 2007 17:32:52 EST