All Indian banks have switched to the external benchmarks mandated by the RBI (Reserve Bank of India) for home loan pricing. Most banks have adopted a conservative approach towards this shift although retail customers will naturally benefit more from availing loans tied to an external benchmark. In the present scenario, you should play your cards […]
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Processing fees now payable on SBI home loans and top-up loans
SBI (State Bank of India) is one of the first-movers in the Indian banking sector and that too at a time when several new measures have transformed the entire ecosystem. SBI was one of the first to come up with home loans linked to the repo rate along with changing its rates of interest in […]
Risk profiles of customers to be deciders for PSB loans
Public Sector Banks (PSBs) have been at the forefront of new developments concerning the Indian banking and financial services sector in recent times. With the cut in repo rates, subsequent changes in home loan rates and mergers on the anvil, PSBs have their hands full. Now, in a latest development, loans are being sanctioned by […]
Repo rate linked home loan product withdrawn by SBI
The largest lender in the country, the State Bank of India, has stopped the repo- rate linked home loan scheme and they made the announcement through their Twitter handle when a customer had a query for them. The tweet said that, and it is quoted, “Kindly note that RLLR based home loan scheme have been […]
New co- lending model considered by SBI in tandem with several NBFCs
State Bank of India is expected to launch a co- lending business model soon along with 4 to 5 medium to large sized NBFCs. There are some obstacles at present relating to the integration of technology with the NBFCs but once they are solved, the program would be launched soon and it would be completely […]
