The public sector Indian Bank has increased its benchmark prime lending rates by 75 basis points to 14 per cent per annum with effect from Monday. However, the home loan floating rates for sanctioned limits up to Rs 3 million for both existing and fresh accounts are not being revised.
Home loan rates are up but there are alternative payment routes.
http://www.ibnlive.com/news/home-sweet-home-dream-going-sour-wake-up/68156-7.html
Successive rate hikes by the RBI within a few months have hit both new and existing home loan borrowers very hard.
http://www.ibnlive.com/news/home-loans-and-how-they-hurt/37823-7.html
With RBI raising the Cash Reserve Ratio by 50 basis points to 6 pc, lending rates are expected to shoot up further.
http://www.ibnlive.com/news/home-loan-lending-rates-shoot-up/33569-7.html
Public sector bank boards have stuck to their ground, and have not rolled back their rate hikes.
http://www.ibnlive.com/news/psu-banks-decide-not-to-roll-back-rates/17965-7.html
Buying that dream house has now become a nightmare with home loan borrowers having to brace themselves for another hike.
http://www.ibnlive.com/news/buying-a-dream-home-is-a-nightmare/13961-7.html
HDFC chief expected a 10-20 per cent fall in property prices in three to six months and demand for home loans easing.
http://www.ibnlive.com/news/hdfc-rules-out-raising-home-loan-rates/13066-7.html
SBI has hiked home loan rates by 25 basis points. The increased hike will be in effect from 1st may.
http://www.ibnlive.com/news/sbi-hikes-home-loan-rates-by-025-pc/9039-7.html
There's a lot of arthimetic dynamics involved in this decision. The last few years have seen tremendous growth in individuals availing of home loans.
http://www.ibnlive.com/news/home-loans-to-prepay-or-not-to-prepay/7750-15.html
Housing Development Finance Corporation, HDFC has increased the interest rates on retail deposits by 50-75 basis points.
http://www.ibnlive.com/news/hdfc-hikes-retail-deposit-rates/7706-7.html
India's largest bank, State Bank of India has hiked home loan rates by half a percentage point. The hike will be effective from March 1.
http://www.ibnlive.com/news/sbi-home-loan-rates-up-from-march-1/5672-7.html
After HDFC now India's largest private lender ICICI Bank will raise its home loan rates by 50 basis points by March end.
http://www.ibnlive.com/news/icici-to-hike-home-loan-rates/5079-7.html
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