17 May 2017 16:45:21

VIEWS 1943

SHARE

Home Loans Rates Fall Further

The southward journey of home loan rates continues. It just got some fresh impetus this month with market leader, SBI having taken the lead by reducing 25 basis points or 25 percentage points for loans upto Rs 30 lakh. The home loan rate for this home loan segment is down to 8.35% p.a. from to 8.60%...

READ MORE

11 Apr 2017 16:24:26

VIEWS 1885

SHARE

PF Settlement To Go Mobile

Provident fund (PF) isn’t normally a part of people’s lives during their work lives. The PF deduction by employer happens even before you get the money in your bank account. But all that changes once you need to make partial or full PF withdrawals. The long process, queues and repeated visits...

READ MORE

11 Apr 2017 16:11:32

VIEWS 2028

SHARE

Coming Soon: Speedier NEFT

It might have been status quo as far interest rates are concerned for RBI in the latest policy announcement on April 6. However, for bank customers there was welcome news in the form of speedier NEFT (National Electronic Funds Transfer). In the near future, you can expect to transfer money from ...

READ MORE

20 Feb 2017 09:21:45

VIEWS 1899

SHARE

Hybrid Home Loan Makes A Comeback With SBI’s New Offering

Flush with cash after huge about cash deposits by the public in the aftermath of the government’s demonetization of Rs 500 and Rs 1,000 notes, banks were expected to give home loans a push. Now India’s biggest lender, State Bank of India (SBI), has come up wit...

READ MORE

20 Feb 2017 08:22:26

VIEWS 1882

SHARE

Should You Prepay Your Home Loan Now?

The politicians are busy debating whether the government’s recent demonetization of Rs 500 and Rs 1,000 notes have benefitted the country. Well, one thing is for sure: home loan interest rates have come down. Major banks have announced cuts in home loan rates. W...

READ MORE

20 Feb 2017 07:50:23

VIEWS 2292

SHARE

Home Loan Rate Cut: Should You Go For A Home Loan Now?

What Reserve Bank of India (RBI) couldn’t do in almost two years, demonetization has done it in a couple of days. RBI, India’s apex bank, has been reducing the interest rate since January 2015 and has gone for a total reduction of 1.75 percentage point reduction in the repo rate—the rate at wh...

READ MORE