For borrowers with CIBIL score of 700 and above, the rate hike has been limited to only 20 bps, LIC Housing Finance said in a statement, adding that the revised rates are applicable from Friday.
Despite the probability of continued rate hikes in the coming months, home loan rates are expected to be cheaper compared to pre-Covid levels and could be attractive for borrowers
Avanse claims it is on a robust trajectory to grow at a CAGR of 20-25% over the next three-five years
Some banks and housing finance companies announced an increase in their home loan rates immediately after RBI's announcement on repo rate hike
A fixed-rate loan, as the name suggests, has a steady interest rate. But there are costs involved with switching to such a loan and the change isn’t as smooth as you’d think. Fixed-rate loans carrying interest rates of over 8.25-8.5 percent may not be worth.
Planning for a child’s education in an uncertain and complex environment is tough. Be flexible in your planning and keep topping up your SIPs with surpluses to stay ahead
The interest rate hike will also impact equity markets, which thrive on liquidity. How the US Fed treats its own interest rates will further determine which direction the equity markets will go
Borrowers would feel the implication of the repo rate hike across all categories of loans, both secured and unsecured. Depositors will earn higher interest rates as rates will start going up
HDFC’s floating-rate home loans for customers with a credit score of over 750 will carry an interest rate of 6.75 percent, up from 6.70 percent earlier
Executive director Anup Bagchi said banks may soon start to lend to MSMEs based on their cashflows and not on their solvency, thanks to the rapid adoption of digital services.
The main difference is that home loan insurance covers property, while a term policy covers a person’s life
It is important to analyse the loan features as well as one’s repayment capacity.
The bank will also give a 100 percent waiver on processing fees during this period.
As of December 31, infrastructure-focused Non-Banking Financial Companies (NBFC) had given outstanding loans worth Rs 13.8 lakh crore.
Multiple bankers and analysts Moneycontrol spoke to on April 20 said that loan pricing could go up by at least 25-50 basis points from current levels over the next two quarters as lenders have started hiking their marginal cost of fund-based lending rates (MCLR) over the past few days
Interest rates on cheapest bike loans from banks range between 6.85-9.9 percent
Selecting between the two options depends on the repayment ability of the individual, the existing burden of any EMIs and future expenses.
Part prepayment of home loan and voluntarily increasing your EMI, among other things, can help offset the increase in interest burden that borrowers are likely to witness from June, Bankbazaar.com CEO Adhil Shetty tells Preeti Kulkarni
The amount of loans securitised by NBFCs (Non-Banking Financial Companies) and HFCs (Housing Finance Companies) in FY21 stood at Rs 87,300 crore, ICRA Ratings said in a report.
Normalised collection efficiency will lead to higher recoveries and upgrades and higher credit growth shall further improve lenders’ headline gross non-performing asset figures, analysts say.
Housing finance companies face a choice: become a niche player or merge with a bank. As things stand, the home-loan market is firmly in the grip of banks.
The Gross Merchandise Value (GMV) for its merchants payments business saw a growth of 111 percent in the year, rising from Rs 4 lakh crore to Rs 8.52 lakh crore.
During Q4, the private sector lender’s total deposits rose 24% on a yearly basis to Rs 96,331 crore as on December end.