Entries Tagged 'Loans' ↓

Indian Bank Housing Loan Mela at Goa

Indian Bank home loan mela is being organized at its PANAJI branch in GOA on December 14th and 15th 2007 .To boost the sluggish home loan demand in the country the mela is being organised by the Indian Bank where home loans are being offered at lowest interest rates . The Indian Bank Housing Loan Interest rates will be 9% for 5 years , 9.5% for 15 years and 9.75% for 20 years for the customers who take the housing loan from the mela during the dates mentioned above.

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State Bank of India cuts Housing Loan Rates by 1%

State Bank of India today announced its rate cuts on House Loans by 1% following HDFC Bank and other major banks announcing rate cuts on Housing Loans.

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Union Bank of India Cuts Floating Home Loan Rates

Following HDFC bank Rate cut on Floating House loans, Union Bank of India today announced that it has reduced its floating home loan rates by 25-50 bps.

HDFC Housing Loan rates cut by 0.5%

HDFC, the biggest player in the housing loan segment has announced that it has cut the home loan rates by 50 bps points on floating housing loans. The change would come into effect from today and the reduction will be applicable to only fresh loans and disbursement of loans up to October 31 2007. HDFC bank has said that the fixed home loans rate remain same at 13.25 percent.

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Housing Loans at 9.99% from GE Money

GE Money today has launched a home loan product with a floating rate of 9.99%, much cheaper than the 11% being charged by other home loan vendors.

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IDBI Bank reduces fixed Home Loan Rates

IDBI Bank has announced today that it has cut the interest rates on fixed home loans by about 100 basis points with effective from 1st September. IDBI has also said that the floating rate housing loan interest rates remain unchanged at 11.25%.

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ICRA to rate SBI Loans

Information & Credit Rating Agency Ltd (ICRA) and State Bank of India have recently signed an Memorandum of Undersrating under which State bank of India’s Loans and its other exposures will be rated by the ICRA and the ratings will be assiged to the loans. This is as per the standardized approach of Reserve Bank of India’s New Capital Adequac Framework.

SBI to lower Housing Loan rates

State Bank of India (SBI), the country’s largest lender, is likely to reduce interest rates on home loans and other retail loans by next week, to coincide with the start of the festive season. The bank’s Maharashtra and Goa circle is already offering home and auto loans at 50 basis points lower than the effective rates for new borrowers.

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Allahabad Bank cuts housing loan rates by 25-50 bps

In a recent press release made my Allahabad Banks its CMD AC Mahajan has said that, the bank would be reducing housing lon rate by about 25-50 bps. The Banks will also raise Rs 500 Crore Tier-II capital by September end. year-end.
 

Farm loans up to Rs 50 k should get service tax waiver

Small and marginal farmers availing agriculture loans up to Rs 50,000 need not pay any service charge and need not deposit land documents at bank branches. These are some of the recommendations of the group set up by the Reserve Bank of India to examine the procedures and processes of agriculture loans.

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