Tata Capital's Home Loan offering, popular for its low-interest rates and simple application process, also provides a seamless home balance transfer process. You can now move your home loans from other financial institutes to Tata Capital without much hassle.
Using some of these easy tricks can help you clear your house loan in a minimum time frame enabling a hassle-free loan experience and opportunities for future savings.
During the current situation, the government has been prompt and active in providing relief packages. Be it announcing the National Infrastructure Pipeline or extending the benefits of Pradhan Mantri Awas Yojana (PMAY) for EWS strata of the society.
One-year MCLR, to which majority of the consumer loans are tied, now stands at 7.40 per cent against 7.60 per cent earlier.
Typically, in a home loan, a bank offers MCLR with a reset period of six month or one year.
The move came a day after the Reserve Bank of India’s monetary policy committee (MPC) kept repo rate unchanged at 5.15 percent.
SBI will have a one-year reset clause on floating rate home loans that are typically linked to its one-year MCLR. If you are an existing home loan customer of SBI, the latest cut of 10 basis points in MCLR may not lower your home loans interest rate or EMIs immediately.
The interest rate on the new home loan and auto loan variant will be directly linked to the repo rate and thereby help in quick monetary transmission.
The partnership aims to make it possible for HDFC to further penetrate the home loan market and access an enlarged customer base, helping them to own a home of their choice, HDFC said.
Two state-run lenders State Bank of India and Punjab National Bank on Thursday raised their lending rates by up to…
