loans

May 20, 2022 11:16 AM IST

Home loans: Banks and housing finance companies that offer lowest interest rates

Several banks have already announced hike in interest rates on home loans linked to repo rates post RBI's policy action on May 4, while others could increase their rates from June 1

Hero Electric ties up with RevFin to provide loans to EV riders

The partnership aims to finance and lease 2.5 lakh vehicles over the next three years, the company said in a statement.

Interview: NPAs to come down and net interest margin to improve this year, says Bank of Baroda managing director

Chadha said the bank has seen sequential improvement in bad loan figures consistently and is confident the trend will continue this fiscal.

LIC Housing Finance ups home loan interest rate by 20 bps for select borrowers

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.

High interest rates may not dent housing loan demand in India, say experts

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

Warburg Pincus-backed Avanse records 3X growth in education finance disbursements

Avanse claims it is on a robust trajectory to grow at a CAGR of 20-25% over the next three-five years

Banks and HFCs that have revised home loan interest rates after repo hike

Some banks and housing finance companies announced an increase in their home loan rates immediately after RBI's announcement on repo rate hike

With home loan rates going up, is it time to move to fixed-interest-rate loans?

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. 

How to plan your children’s education goals in an uncertain world

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

How will the repo-rate hike affect home loans?

What is the retail prime lending rate or RPLR?

Expected but unscheduled. What does RBI’s rate hike mean for investors and borrowers?

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

RBI hikes repo rate by 40 bps: How is it going to affect borrowers and depositors?

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 hikes retail prime lending rate: Five key questions answered

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

ICICI Bank upgrades digital services for MSMEs; to maintain “risk-calibrated growth” approach in lending

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.

Securing a home loan liability: Home loan insurance or term policy?

The main difference is that home loan insurance covers property, while a term policy covers a person’s life

Going for foreign studies this year? Use your education loan wisely

It is important to analyse the loan features as well as one’s repayment capacity.

Bank of Baroda cuts home loan rates by 25 bps to 6.50% till June end

The bank will also give a 100 percent waiver on processing fees during this period.

Infrastructure finance companies to post 10%-12% loan growth in FY23: ICRA

As of December 31, infrastructure-focused Non-Banking Financial Companies (NBFC) had given outstanding loans worth Rs 13.8 lakh crore.

Borrowers may have to shell out more on loans as banks begin to hike lending rates

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

Here are the best banks for 2-wheeler loans with interest rates below 10%

Interest rates on cheapest bike loans from banks range between 6.85-9.9 percent

Personal loans or credit cards: Which is better for short-term goals?

Selecting between the two options depends on the repayment ability of the individual, the existing burden of any EMIs and future expenses.

Simply Save | ‘Brace yourselves for increase in home loan rates from June’

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

Loan assets securitised by NBFCs jump 43% to Rs 1.25 lakh crore last fiscal: Report

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.

Lenders may see uptick in credit growth, better asset quality in Q4, say analysts

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.