Commercial banks are unlikely to raise their prime lending rates — offered to the best customers — or deposits rates at least till the end of March but large companies borrowing short-term money at sub-PLR rates may have to cough up more. This was indicated by CEOs of several commercial banks soon after RBI announced [...]

Private sector lender Axis Bank has rolled out Power Advantage Home Loan – a special home loan scheme at 8.25 per cent fixed rate, two months after its 8 per cent home loan scheme hit the market. Under the scheme, the special fixed rate will be available for the first two years for all loan [...]

India’s largest lender, State Bank of India (SBI), has assured that lending rates will not be raised for the next six months on account of good liquidity in the market. SBI Chairman O P Bhatt said that despite inflationary pressure, there would be no increase in the interest rate on loan in the next six [...]

Citibank has launched CitiHome One, a home loan scheme which allows customers to keep a part of the loan for financing their future needs. Termed as the first ‘Universal’ loan product in the market, CitiHome One offers customers a dual advantage of interest savings on their home loans by utilising surplus funds and the flexibility [...]

New Delhi’s headquartered Punjab National Bank (PNB) has extended the home loan coverage under its Festival Bonanza Offer 2009 limit from Rs 30 lakh to Rs 50 lakh. Under its Festival Bonanza Offer 2009, the bank charges an interest rate of 8.5 per cent per annum which would be valid till December 2012. In the [...]

Joining the home loan war with other lenders, IDBI Bank has also slashed the home loan rates to 8.25 per cent for all new home loan customers applying on or before March 31, 2010 and taking full or partial disbursement before the offer period. The 8.25 per cent interest rate will be valid till March [...]

Dewan Housing Finance Ltd (DHFL) has joined the elite list of lenders to offer home loans at 8 per cent for the lower and middle income (LMI) group. The company will offer home loan at 8 per cent for first two years for an amount up to Rs 5 lakh albeit for an elongated period [...]

Private sector lender Kotak Mahindra Bank has introduced a special home loan scheme with 8.49 per cent fixed interest rate for 30 months. This rate applies to all new loans irrespective of the loan amount and the scheme is open till January 31, 2010. After 30 months, the bank will charge floating rates on these [...]

HDFC Ltd. has joined hands with SKS Microfinance to provide home loans to SKS clients, primarily low-income women. The loans, which are mainly aimed at enhancing the productivity of a family, will be used for extension and improvement of dwelling units which double up for income-generating activities like eateries, kirana shops, papad and agarbatti-making. SKS [...]

The housing finance major Housing Development Finance Corp (HDFC) has offered loans at a 8.25 per cent fixed rate per annum. The new loan offer is a part of the festival offer HDFC makes during December-March in every financial year. Under this offer, new borrowers will get loans at 8.25 per cent rate of interest [...]