Banks extend Discount offers on home and car loans till Feb 2012

Festive offers on loans are continue for the next couple of months. PSU banks offering housing and auto loans at discounted rates under their festival campaigns that began in September, have decided to extend the discounts beyond December 31. While RBI data shows credit demand has been poor despite these offers, bankers hope the demand […]

Demand from smaller cities is driving home loan growth

Home loan demand in India has managed to grow in the last one year even with continuous interest rates hikes by the banks. Lending by Indian banks to the housing sector increased by 14% to Rs369,900 crore at the end of October 2011 from Rs324,748 crore at the end of 2010. It had risen by […]

Exploring better alternatives for Personal Loans

Acquiring a personal loan is intended for financing is intended for financing and managing a person’s financial needs. For taking finance, a person may apply for a loan or a credit card to purchase shares or any asset like home, vehicle etc. But, before deciding about the financial goals, a person must assess his or her financial situation. While using […]

LIC Housing Finance fixed rate home loans from next month

LIC Housing Finance Ltd will launch fixed interest rate home loan product from January 2012. “LIC HF spokesperson told that the product is ready. There is a possibility of interest rates going down. We plan to fix interest rate after the RBI policy review on December 16,”. No other banks launched this kind of home […]

SBI home loan disbursals down by 14%

Home loan disbursals for State Bank of India (SBI) have dropped 14% in the first half of the current financial year. SBI have seen a shortfall of close to Rs1,000 crore in the first half of this financial year.” State bank had disbursed close to Rs7,000 crore of home loans in the first half of […]