loans

SBI versus HDFC Bank: How will the battle of titans in Indian banking shape up?

On April 13, SBI Chairman Dinesh Khara had said that the bank will likely see more than 10 per cent loan growth in FY23.

Bajaj Housing Finance Announces Home Loan Interest Rate Change; Offers One of the Most Competitive Rates Starting at 7.20%

A modification in interest rates for Bajaj Housing Finance's products has been announced. For salaried and professional applicants, the company's house loan interest rates currently begin as low as 7.20 percent * p.a., making them one of the most competitive on the market right now.

HDFC Bank to open up to 2,000 branches in FY23, roll out new features every three weeks, says MD Sashidhar Jagdishan

The new branches will be “phygital” relationship centres, the MD said.

Planning to apply for foreign education loan? Know the do’s and don’ts

Financial institutions process education loan applications after evaluating the admission letter because education loan amount varies with the country, program you have applied for, university offering the admission and several other factors.

Home loan demand likely to moderate as borrowers brace for higher EMIs, say experts

Home-loan borrowers are bracing for higher interest rates as inflationary pressure prompts the Reserve Bank of India to tighten monetary policy. On June 9, HDFC increased its retail prime lending rate by 50 basis points. It was the fourth time in a month that HDFC hiked its home loan rate

Home loans could be steadfast amid a rate hike wind

Over a ten-year period, the share of home loans in total bank credit has increased by 5 percentage points, despite adverse interest rate cycles.

HDFC increases retail prime lending rate on housing loans by 50 bps

Kotak Mahindra Bank and ICICI Bank have also hiked their interest rates recently.

RBI raises rate: Part-prepayment, higher EMI to keep your home loan interest outgo in check

Look at cutting your expenses to voluntarily pay higher EMIs, use annual bonuses to prepay part of your loan

Bankers expect interest rates to rise by 20-25 basis points post RBI’s 50 bps rate hike

Even as the RBI has cumulatively increased repo rate by 90 bps in a little over a month and with expectation of further rate hikes, credit demand is expected to remain buoyant, bankers say.

RBI Monetary Policy | Borrowers to see a steep hike in EMIs, interest burden

For depositors, this signals a further increase in their deposit rates, but high inflation means that real returns will remain muted

Studying abroad? Be aware of these 5 additional costs linked to your education

First, estimate your expenses after some thorough research. Then budget for them before departure. You will need to factor in pre-departure expenses, external coaching fees, deposit for rented accommodation and other costs.

Ten banks that offer the lowest interest rates on education loans

Ten banks, all state-owned, offer interest rates of 6.75-7.3 percent on education loans of Rs 20 lakh with a seven-year repayment tenure

Anand Rathi Group NBFC arm aims up to Rs 250 crore monthly loans in FY23: CEO

As on March 31, Anand Rathi Global Finance’s net loan book stood at Rs 2,234 crore, up 58 percent on year.

Managing home loans during a rising interest rate regime

Home loan lenders allow borrowers to prepay their entire outstanding balance or part of it. On making prepayments, borrowers can either opt for EMI reduction or tenure reduction.

SBI home loan, Axis Bank charges, car, bike insurance: Key rules that change from today

Here are the Key Money and Operational Changes that will Come into Effect from June 01, 2022:

Financial planning for new-age couples

The decision to invest in single or joint portfolios can be made based on individual preferences, risk profiles and tax considerations which also determine the asset allocation and choice of asset classes.

Revisiting home truths: Given current conditions, should one buy a house or stay on rent?

The perpetual debate is rekindled in the wake of better regulations and low-interest rates, but it should be a financially driven decision rather than an emotional one.

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