home loans – mortgage refinance second mortage

October 24, 2010

PSU cuts interest rates, home loans come cheaper

cnbcawaaz asked:


Public Sector banks have cut interest rates to almost 3 per cent lesser, that brings the rates down to 9.25 per cent for a loan of 20 lakh rupees. Loans below 5 lakh rupees for 20 years will now attract a maximum rate of 8.5 per cent fixed for 5 years. Loans ranging from 5 to 20 lakh rupees will be available at a maximum of 9.25 per cent fixed for 5 years.But developers are still not happy they want more interest rate cut to boost the real estate sector.

Elaine

September 1, 2010

PSU banks announce cheaper home loans

ndtv asked:


Public sector banks today announced that home loans up to Rs 5 lakh would be given at a maximum interest rate of 8.5 per cent, while those between Rs 5-20 lakh would be offered at 9.25 per cent. Besides, the banks would not charge any processing fees and pre-payment charges for loans up to Rs 20 lakh, and would also provide free insurance cover, the Indian Banks Association (IBA) said.

Danielle

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