Starting a Business with Loan Against Property

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02-Jul-18

Raising funds from the right source is equally essential for starting a business. Today, entrepreneurs have a variety of borrowing options to ....

ATM Withdrawals, Loan EMIs After GST: What You Need To Know

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04-Jul-17

After the historic launch of  GST or good and services tax, ATM transactions (including withdrawals) beyond free limits and other banking services where service tax was levied will get costlier. Under GST, banking and financial services have been placed in the 18 per cent rat....

SBI cuts home loan rates; lowest in 6 years

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02-Nov-16

Mumbai: Country's largest lender State Bank of India (SBI) has announced cut in its home loan rates as per media reports.

The Times of India report said that “home loans for women (or loans with women as co-borrowers) will be available for 20bps above the benchmark rate, which tra....

Banks may now give home loans for Rs 1 crore for 30 years

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27-Jan-16

MUMBAI: Banks have turned active in giving out home loans for as long as 30 years for the first time since credit crisis days as they attempt to revive demand in high-end home purchases which has come to a grinding halt in the top six cities, said two people familiar with the development. This m....

Loan subsidy to make housing affordable for middle class buyers

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14-Jan-16

DEHRADUN: Under the 'Housing For All' scheme of PM Awaas Yojna, taxpayers in the city who have ownership of land and are earning anywhere between Rs 3 lakh to 6 lakh can now avail a loan of Rs 6 lakh at just 6.5% interest rate and also get a huge subsidy of Rs 2.20 lakh.

Dehradun Munic....

RBI move on loan-to-value ratio seen reducing home loan rate further

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31-Dec-15

Mumbai - The RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.

"We expect interest rate on home loans to come down by another 25-....

RBI Move on Loan-to-Value Ratio to Cut Down Home Loan Rates: Crisil

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25-Dec-15

Mumbai: RBI's move to lower loan-to-value ratios and risk weights for individual housing loans can help bring down interest rates on home loans by another 25-30 basis points over the next few months, says a report.

"We expect interest rate on home loans to come down by another 25-30 bp....

India's small towns adding to home loan growth by 19%

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25-Dec-15

New Delhi: Home loan segment is one area where both the public and private sector bank are currently focussing a lot.

As per a report in the Times of India, small towns are the main engine behind the growth in home loan.

Host of freebies, offers and discounts are thrown by de....

Role Online loan aggregators can play in fulfilling Priority Sector Housing

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29-Nov-15

Priority Sector Housing is any Loan to individuals up to ₹ 28 lakh in metropolitan centres (with population of ten lakh and above) and loans up to ₹ 20 lakh in other centres for purchase/construction of a dwelling unit per family provided the overall cost of the dwelling unit in the ....

SBI, Andhra Bank, BOI and SBT Cut Lending Rates

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12-Oct-15

Banks have been quick in passing on the benefits of yesterday’s rate cut to the consumers. Surprising many, the Reserve Bank of India reduced the repo rate by 50 basis points (100 basis points is equal to 1%) to 6.75%.

Post the rate cut by RBI, Finance Minister Arun Ja....