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Your dream home gets even more distant
The Reserve Bank of India's (RBI) latest verbal guidance to banks -not to include registration and stamp duty while arriving at the value of the house - will mean an additional hit of 5-10 per centMore
Loan on debt investment a safer option
Rahul Awasthi heaves a sigh of relief on Tuesday. He wanted to pledge his equity investments for a loan early last year. As the Sensex fell 20 per cent between January and December 2011, this 40-yearMore
Planning to buy a house? Wait for further correction
Though property prices have declined, renting still makes sense in heated markets For Nagpur-based Deepak Puranik, scouting for a house in Mumbai was the next step to being offered a job in the city.More
Basix asks banks to recast Rs 800-cr loans
Bhartiya Samruddhi Finance, popularly known as Basix and the country's oldest known microfinance agency has approached banks to restructure Rs 800 crore of debt. The move comes barely a week after theMore
'Pranab approved decision to set aside NSDL order'
Finance minister Pranab Mukherjee had approved the controversial decision taken by the Securities and Exchange Board of India (Sebi) to set aside a committee order on the National SecuritiesMore
How to plan for loan prepayment
Early payback decision needs deliberation. Get an income tax payment schedule, and invest in debt-based instruments for liquidity in the near future. The rise in interest rates have resulted in homeMore
Home loans and the festive season!
The interest rate for home loans has been going through the roof for the last couple of quarters. At the same time, CPI inflation is stubbornly at double digit. As a result, people have postponedMore
New hybrid loan schemes!? Are they for you?
In a rising interest rate scenario, borrowers generally tend to hold back on procuring loans. To encourage them to take the plunge banks often try to make the best of the situation by floatingMore
Bankers fear new borrowers will prefer housing finance firms
The National Housings Bank's (NHB) latest circular waiving penalty on full home loan prepayment may give housing finance companies (HFCs) an edge over banks this festival season. Bankers said theMore
Loan against shares - What should you know?
With consumer spending on rise and loans getting expensive, individuals are finding new ways to fulfil their money requirements. Providing Loans against Gold etc. is one more way in which borrowersMore
Home loan rates
Bank
Interest rate
EMI
SBI
11%
Rs 1060
CanFin
11.5%
Rs 1169
Indian Bank
10%
Rs 1072
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