scheme, aimed at existing home loan borrowers and linked to the price of property, is offering personal loan at 11.25% to existing home loan customers.The offer is similar to the top-up scheme of other players such as ICICI Bank and home loan provider HDFC, which have pegged their loans at 12.25% and 12.50%, respectively. The new product, called 'SBI Home Equity scheme', gains relevance in the context...
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etc.MUMBAI: Housing Development Finance Corporation has sought to reactivate the market for fixed rate home loans with the launch of a new product where interest rates are fixed for 10 years. Under the new scheme, rates are 125 basis points lower than HDFC's existing fixed rate loans.The new scheme — Trufixed interest rate home loans — has been launched as an Independence Day special. Home loans of...
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Housing Development Finance Corporation has sought to reactivate the market for fixed rate home loans with the launch of a new product where interest rates are fixed for 10 years. Under the new scheme, rates are 125 basis points lower than HDFC's existing fixed rate loans.The new scheme - Trufixed interest rate home loans - has been launched as an Independence Day special. Home loans of up to Rs 10...
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Largest housing finance company HDFC on Monday launched a new fixed rate home loan scheme christened as Fixed First....
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India's largest private sector bank, on Thursday said it would launch two new home loan products with interest rates fixed for one and two years - a reminder of the earlier teaser loan schemes.Such fixed-cum-floating housing loan schemes had disappeared from the market after the Reserve Bank of India expressed concerns that these products may affect banks' asset quality.], a customer can avail a housing...
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Nearly 300,000 handloom weavers and 15,000 weavers cooperatives across India are likely to benefit under a new scheme - including a loan waiver - to restructure the handloom sector, the government...
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rivate sector Axis Bank on Thursday launched a new home loan product that offers fixed interest rate of 11.75 per cent, to cash in on the busy festival season demand.The bank launched 'NISHCHINT' lifetime fixed interest home loan scheme which offers home buyers loans at a fixed rate of 11.75 per cent for the entire duration of the loan that is up to 20 years, Axis Bank said in a statement.Under the...
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leading banks gear up to improve their retail credit portfolio by making home loans attractive with longer repayment periods and lower EMIs.Housing loans bellwether State Bank of India has fired the first salvo by announcing home loans with a 30-year repayment period -- the longest any bank has offered in India's banking history. The new scheme reduces the equated monthly installment (EMI) for the...
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extended the 1% interest subvention scheme for small home loans of up to R15 lakh for houses costing not more than R25 lakh. This could soften the likely hit on home buyers from the Reserve Bank of India's (RBI's) latest interest rate hike. Earlier, the scheme was covering loans up to R10 lakh for homes costing up to R20 lakh.The revised scheme will be implemented by the National Housing Bank as the...
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bank launched "NISHCHINT" lifetime fixed interest home loan scheme which offers home buyers loans at a fixed rate of 11.75 per cent for the entire duration of the loan that is up to 20 years, Axis Bank said in a statement.Under the scheme, the bank will offer home loan to eligible buyers up to 85 per cent of loan-to-value for debt up to 20 lakh and 80 per cent loan-to-value for borrowings above Rs...
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