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SBI

Home Loan Interest Rates

PSU Banks Reduced Home Loan Interest Rates To 6.7%

SBI HOME LOAN INTEREST RATE The rate of home loan is a major factor that affects the total cost of your home. Since home loans are of high value and are long-lived, the interest of a house loan can have a long-term financial impact on the borrower. Due to the low-interest rate for home loans, […]

Prahalad Singh

Home Loan 2020

Home Loan Interest Rate & EMI In India, September 2020

HIGHLIGHTS Lowest Home loan interest rates starting at 6.90%/annum No prepayment charges on home loans linked to floating rate of interest A base point is equal to one-hundredth of a percentage point. Interest rates are based on the floating rate system. Factors that high income, property in a good location, valid income proof, and good […]

Prahalad Singh

FM Nirmala Sitharaman: Govt Announces Rs 25,000 crore Alternate Fund For Realty Sector

Key Highlights:  Cabinet Approved Rs 25,000 crore alternate fund for stalled housing projects. The government will invest Rs 10,000 crore in this fund while SBI, LIC, and other sovereign funds will generate funds of Rs 25,000 crore in all. Over 1,600 delayed housing projects with 4.58 lakh homes to benefit from this fund. Only RERA-registered […]

Prahalad Singh

Solving the conundrum of Fixed vs Floating Home Loan Rate

Last month, several leading banks slashed the home loan rates to attract prospective home buyers. Where HDFC cut the interest rates to 10.15-10.65 per cent, ICICI Bank, another big player, announced a single rate of 10.15 per cent for all floating home loans amounting up to Rs 5 crore. Analysing the highly-competitive home loan market, […]

nikunj.j

SBI reduces home loan rates

With more and more lenders offering low home loan rates to their customers, the industry is all geared up to witness a huge change in the home loan front. The State Bank of India (SBI) has recently cut the lending rates up to 50 basis points effective from August 7. SBI has decided to offer […]

CommonFloor Editorial Team

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