Country's largest private sector lender ICICI Bank on Thursday announced a cut in their home loan and automobile loan rates. While home loan rates have been cut by one percentage point, the rates on auto loan have been slashed by 0.75 percentage point. But the bad news is that the new rates will be applicable only for two months.In this festival scheme, the bank is offering a home loan of Rs 70 lakh...
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ensure that home loan customers stick around longer in an environment without prepayment charges, ICICI Bank has introduced cashback offers on home loans....
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tips, news and guides tips,tricks news and guides Free Money Saving Auto And Home Loan Tips? Free Auto Loan Tips The following tips should help increase your chances of getting a car loan at a better rate. Tip #1 - If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan. Tip #2 - If you have currently have bad credit then repair it before applying...
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some good news for home loan borrowers, with the State Bank of India increasing loan tenures by 10 more years.Banks normally keep the equated monthly instalment on home loans intact and extend tenure to pass on the rate increase.SBI has allowed stretching the loan repayment tenure to a maximum of 30 years as interest rates have risen by 250-300 basis points in the past year and a half.ypically, a 25...
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New Delhi, Feb. 4 -- Finance minister P Chidambaram may have good news for home loan borrowers in the union budget for the financial year 2013-14 to be presented later this month. The government is considering hiking the tax deduction limit on home loan interest from the present Rs. 1.5 lakh to more than Rs. 2 lakh per annum.The tax deduction on interest on home loans has remained frozen at Rs. 1.5...
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Bringing back memories of the much-reviled teaser rate home loans, ICICI Bank today launched two home loan products, which give borrowers the option of a fixed interest rate for the first two years.However, it isnt a teaser rate loan in the strictest sense as it does not front-load a lowball rate as an inducement to unsuspecting home loan borrowers.Under the one-year fixed rate home loan, the customer...
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one of the biggest nightmare for home buyers. If you are looking for a home loan where you monthly instalment does not change during the entire tenure of the loan, Axis Bank has a product to offer.Axis Bank has launched a lifetime fixed rate home loan at an interest rate of 11.75% for a 20-year tenure. This is one of the cheapest fixed rate loan available in the market.HSBC offers fixed rate home loans...
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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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SBI’s home loans portfolio as on June 30, 2011 stood at Rs89,881 crores recording a growth of 20.37% year-on-year. This growth is higher than the industry home loans growth of 17% recorded in April, May and June 2011.When State Bank of India’s (SBI) chairman Pratip Chaudhuri discontinued “SBI Easy Home Loan and SBI Advantage Home Loan” popularly known as teaser loans from May, he was confident that...
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largest lender and market leader in home loans segment, State Bank of India, on Thursday said sluggish growth in property market prompted it to cut its annual home loan growth target by up to 10 per centage points.The bank, which cut its home loan rates on Wednesday by up to 0.60 per cent, was earlier targeting a 25 per cent growth in its home loan book. Such loans are expected to grow by only 15-20...
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