The Reserve Bank of India (RBI) has been striving to make home loans more accessible and attractive for prospective home buyers. It has already cut the repo rate several times in succession while banks like SBI (State Bank of India), the country’s biggest bank, has also reduced its MCLR rates thereafter. It has also come […]
Archives
Home loan interest rates fall below 8% at SBI for very first time in 17 years
There is good news in store for home loan customers in India and prospective home loan borrowers. For the very first time in a whopping 17 years, the rates of interest on home loans at State Bank of India (SBI)has fallen below the 8% mark. SBI was the first Indian bank to link loan products […]
Money-saving tips on home loan repayment that you should know
It goes without saying that a home loan is one of the major financial commitments of one’s life. All of us dream of owning our own home in the long run, and it is certainly the greatest asset one builds. Since the amount is usually on the higher side, the interest is also quite hefty; […]
Having trouble with the down payment on your home loan? Here are some tips
Buying a home is one of the major decisions one ends up making in one’s lifetime and while banks are there to cover the major part of your home financing, you still need to arrange for the down payment yourself. You also need to make provisions from your salary for the EMIs that you have […]
Bank of Baroda (BoB) ties up with Edelweiss Housing Finance for offering home loans
Bank of Baroda (BoB) is one of the country’s foremost public sector banking entities and has recently entered into a highly strategic collaboration with Edelweiss Housing Finance Limited or EHFL for co-lending pertaining to home loans. These home loans will be offered to both salaried and self-employed customers at the bank. Home loans are a […]
