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MDT/PTI 12 November 2012
The RBI draft report on home loans also suggested that banks should introduce and popularise long-term fixed rate home loan with a provision of re-fixing the interest rate after 7-10 years Mumbai: The Reserve Bank of India (RBI) has suggested that banks should look at the possibility of...

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MDT/PTI 09 November 2012
DHFL said the variable rate of interest for home loans of up to Rs15 lakh has been cut to 10.75% from 11%, while for those above Rs30 lakh but up to Rs75 lakh will come at 11.25% Mumbai: Mortgage lender Dewan Housing Finance Corporation (DHFL) has cut its home loan lending rates by 0.25%...

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MDT/PTI 03 November 2012
Under this cash-back offer, 1% of every EMI will be returned to the customer, apart from providing the option of renewable fixed interest rate for the entire tenure free of cost   Mumbai: ICICI Bank has launched a limited period offer of 1% cash-back on gross EMI (equated monthly...

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MDT/PTI 02 November 2012
Pratip Chaudhuri, SBI Chairman, said the bank will lose Rs300 crore because of the additional provisioning requirement while gain from the CRR cut is only Rs225 crore Mumbai: State Bank of India (SBI) has ruled out any cut in its lending rates due to steep hike in the provisioning for...

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Vivek Sharma Vivek Sharma 23 October 2012
Creating a healthy credit history is part of strong financial planning. So one’s endeavour should be to always build a strong credit history so that need-based loans can be easily obtained Credit history is generally defined as the record of a borrower’s payment behavior that shows his...

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MDT/PTI 23 October 2012
HDFC Bank is offering loans at 6.99% for Hero two wheeler buyers during the festival season as against the current interest rate of 10%   New Delhi: The country's largest two-wheeler maker Hero MotoCorp is going all out to cash in on the festive season and has tied up with HDFC Bank...

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Moneylife Digital Team 22 October 2012
Banks and finance companies are trying to gain business by offering lower interest rates. But you, as a borrower, need to look at other aspects as well, before moving your loan from one bank to another. Here are the six things you must consider “You can transfer your high-cost home...

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MDT/PTI 12 October 2012
Many other banks are also likely to come out with their festival offers for home loans and personal loans due to ample availability of liquidity coupled with subdued growth in corporate lending   Mumbai: Private sector lender ICICI Bank has reduced its lending rates for home loans by...

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MDT/PTI 11 October 2012
Syndicate Bank is offering home loans at an EMI of Rs944 per lakh and car loans at an EMI or Rs1,699 per lakh   Bangalore: Syndicate Bank has come out with a special festive offer on home loans at 10.5% up to Rs25 lakh at an EMI of Rs944 per lakh for 25 years and at 10.75% for above...

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MDT/PTI 10 October 2012
Under the scheme, Canara Bank customers can avail loans up to Rs1 lakh at 14.5% interest and repayable in 36 instalments for buying consumer durables    Bangalore: State-run lender Canara Bank has introduced a retail loan scheme for salaried and non-salaried individuals for purchase...

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MDT/PTI 05 October 2012
State Bank of Travancore reduced its BPLR by 0.25% to 15.25% from 8th October   Mumbai: State Bank of Travancore (SBT) has lowered its benchmark prime lending rate (BPLR) by 0.25% with effect from 8th October.   The bank has lowered the BPLR to 15.25% from 15.50% at present,...

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MDT/PTI 04 October 2012
Federal Bank if offering home loans at its base rate between 3 to 18th October as part of 67th anniversary of its founder's day celebrations   Mumbai: Federal Bank has said it would offer home loans at its base rate, which is pegged at 10.45%, from 3rd to 18th October as part of the...

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MDT/PTI 04 October 2012
According to the RBI governor, for loans up to Rs7.5 lakh where there is no third party guarantee or collateral security, the guarantee would be provided by the government. However, this scheme is not yet launched Puducherry: In a bid to remove problems faced by students in obtaining...

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MDT/PTI 03 October 2012
State Bank of Mysore has reduced its base rate for lending by 25 bps to 10.25% from 10.5% from Wednesday New Delhi: State Bank of Mysore (SBM), a subsidiary of State Bank of India has decided to reduce lending rate by 0.25% effective from Wednesday, reports PTI.   The base rate...

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MDT/PTI 25 September 2012
Given that SBI has already reduced the base rate, another round of rate cut may be difficult but the bank may go for reducing rates and thereby cutting spreads in select loan categories Mumbai: State Bank of India (SBI) has said though there is little room for further reduction in the...

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MDT/PTI 17 September 2012
Soon after the Reserve Bank cut CRR rates by 25 bps to 4.5% in it’s the monetary policy, several bankers hinted that they may reduce lending rates in the coming days Borrowers could see better days ahead as banks are expected to cut lending rates following the Reserve Bank of India...

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MDT/PTI 12 September 2012
The rate of interest has been reduced on housing loan from 11% to 10.50% up to Rs30 lakh, and above Rs30 lakh from 11.25% to 10.75%   Vijayawada: Andhra Bank has slashed its interest rates on retail loans, reports PTI quoting G Ravi Kumar, deputy general manager of the...

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Moneylife Digital Team 10 September 2012
Bank of Baroda said to offer a stimulus to sagging demand amid the ongoing slowdown, it cut its interest rates on home loans by 25 bps for existing and new borrowers   Mumbai: State-run lender Bank of Baroda (BoB) on Monday announced a 0.25% reduction in home loan rates across all...

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Moneylife Digital Team 10 September 2012
HUDCO prices its home loan in competition to SBI’s   Housing and Urban Development Corporation (HUDCO) has restarted lending for home purchases by launching a competitively priced product. HUDCO will be offering home loans at a floating rate of 10.2% for loans up to Rs25 lakh, its...

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Moneylife Digital Team 06 September 2012
IDBI has also joined the race as banks have started reducing interest rates after the finance ministry nudged them to do so IDBI today announced reduction in both fixed and floating interest rates for home loans. These rates will come into effect from 7 September 2012. According to the...

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