LIC Housing Finance will offer loans up to Rs 15 lakh at the concessional rate of 8.5 per cent to customers in flood-affected areas of Kerala. Under the scheme, loan up to Rs 15 lakh will be extended for properties located in the flood-affected areas of Kerala for the purpose[Read More…]
Tag: Home loans
RBI hikes repo rate making home loan woeful
Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]
SBI slashes interest rate on home loans
State Bank of India has slashed interest rates on home loan starting from January 1 2017, by reducing the marginal cost of funds based lending rate (MCLR) by 90 basis points across all maturities. The home loans reduction varies for gender and amount. Home loans are linked to one-year MCLR[Read More…]