ArticleField.comInternet's Fastest Growing Free Content Article DirectoryHousing Development Finance Corporation (HDFC) has said slowing economy and rise in interest rates are unlikely to dampen the appetite for home loans in the country. “GDP growth slowing will not impact, and interest rates have not reached a stage where people should stop buying homes,” HDFC Managing Director Renu Sud Karnad told Deccan Herald. […]
State Bank of India and ICICI Bank have already waived prepayment charges, others are expected to follow the trend. if you are looking to prepay your home loan; it will also work for those looking to switch to a loan that carries a lower interest rate. RBI had asked banks to cut pre-payment penalties. NHB […]
Domestic inflation and the depreciation of the rupee are likely to keep interest rates high for a while, Chanda Kochhar, managing director and CEO, ICICI Bank. A rupee depreciation basically indicates a situation in which demand for the dollar is far higher than supply, pushing up the price of the currency in local terms. The […]
SBI has decided to waive Pre-payment charges on home loans to both Floating and Fixed rates, for old and new home loan customers. With this decision, SBI is the only bank which does not charge any fee from pre payment their home loans or before end of the loan term. Banks and Housing Finance Companies […]
Rich Indian of Arab Countries are transferring huge volumes of money to homes in India. NRIs are line up for personal loans, cash advance through credit cards and salary advance to send huge amounts back home so that they can collect high profits. On Tuesday, Indian Ruppe hit a historic low to 52.54 per dollar. […]
