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| HOME LOAN and INSURANCE NEWS |
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September
2009 |
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GIC Housing Finance Offers Home Loan at Lowest Interest
Rate |
Sep
30, 2009 |
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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),
today offered home loan up to Rs 1 crore at a festive season discount rate of 7.95 per cent,
making it the lowest in the country..... |
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Banks to Disclose Reference Rate to Customers |
Sep
25, 2009 |
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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.... |
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Banks Attempt to Make the Best of Festive Season by Lending
More for Home Purchase |
Sep
21, 2009 |
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State Bank of India, Deutsche Postbank, ING Vysya Bank and Punjab & 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.... |
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More and More Banks Entering Loan Syndication Market |
Sep
17, 2009 |
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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.
State-owned banks such as Union Bank of India, Bank of India.... |
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Banks
Slash Home Loan Rates |
Sep
16, 2009 |
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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.... |
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