India loans News

Marketers and market-makers in the financial services industry have for years salivated at the great Indian opportunity for growing the credit cards market.

Mahindra & Mahindra Ltd. (M&M), India’s leading SUV manufacturer signed a Preferred Financier agreement with Bank of India (BoI), one of India’s largest public sector banks with 106 years of banking history.

This may soon be true for postpaid connection users. The next time you delay or not pay your phone bill you may have to deal with more than just a call from your service provider reminding you about the dues.

The Coimbatore realty market's growth momentum is next only to that of Chennai and Hyderabad in the South, and ahead of other tier-two cities in the region, according to a senior executive of HDFC Ltd, the market leader in home loan lending.

RBI, has slashed the cash reserve ratio (CRR or a portion of deposits banks have to keep with the RBI) by 0.5 per cent to 5.5 per cent, signaling the reversal of the rate hike cycle after nearly two years, and to give a push to growth.

HDFC Bank, the second-biggest private lender, reported a 31% jump in quarterly earnings aided by profits from treasury operations and higher lending for automobile purchases and personal loans.

LIC housing finance loans schemes features initiated by the LIC have a lot of benefits as well as the advantages to the loan borrowers. It is suitable loan scheme for low and middle class people of India to have their own home,

what the central bank might do to rates shortly, and pat comes his considered response about repo rates. And about what the BoI will likely do in response. In an interview, he holds forth on the bank’s future plans and the path ahead

SBI has cut processing fees on home loans by half, a move expected at acquire a bigger tart in the home loan market and giving competition to private banks and housing finance companies.

HDFC has extended its special home loan scheme till January 31 on Monday. The extension comes as demand for home loans remains declining in spite of the discounts and festival season offering given out by various lenders over the past few months.

Year-end discounts saw car sales end 2011 on a modest note as most of the companies, except for market leader Maruti Suzuki, saw numbers go up in December.

There were days when one used to buy a home only with your savings.In these days most homes are bought with the help of Housing loans. Banks whether they are public sector or private sector, do lend in this segment.

In year 2011, RBI kept increasing rates till Nov and just by the year end, they gave signals that rates may come down. So in year 2012, here is what we expect in the loans market.

Festive offers on loans are continue for the next couple of months. PSU banks offering housing and auto loans at discounted rates under their festival campaigns that began in September, have decided to extend the discounts beyond December 31.

Lending by Indian banks to the housing sector increased by 14% to Rs369,900 crore at the end of October 2011 from Rs324,748 crore at the end of 2010. It had risen by 12% in October 2010 over the previous year, according to data from the RBI.

Acquiring a personal loan is intended for financing is intended for financing and managing a person’s financial needs. For taking finance, a person may apply for a loan or a credit card to purchase shares or any asset like home, vehicle etc.

The government has quadrupled the limits on loans that a bank's internal committee can approve, a move that could quicken credit clearance at 26 state-run banks, including the Bank of Baroda and PNB.

Barclays Finance India, plans to close the majority of its branches here, as part of the lender's plan to scale down retail operations in the country. The number of branches would be reduced to a 'single digit' from around the current 30.

Floating rate home loans, which did not reflect market rates when they fell, would now become more faithful to their name. With all major lenders discontinuing prepayment charges on floating rate loans, including those refinance

You don’t need to provide documents and collateral for to up loans. The tenure of a top up loan can be as long as the outstanding tenure of the home loan. This will help you to reduce your overall cash outflow.

The rapidity of expansion in home loans is on the decline after for a short time gaining momentum in mid-2011. High interest rates on housing loans are indeed larceny home buyers, forcing them to postpone investment decisions.

Everyone has their own reason for refinancing, but usually to save money or take cash out. Refinancing your home loans can be an excellent way to manage your debt load, reduce stress and save yourself a lot of money.

At a time when interest rates on home loans are hovering around 11-14 per cent, realty firm BPTP has ties-up with HDFC to finance new purchases of houses at just 5.99 per cent for a limited period till December 31.

Most of the major banks discontinuing prepayment charges on floating rate loans, including those refinance , banks say that floating rates will now indeed float.

We were apprehensive, but it hasn't come down as much as we had thought. The loan growth for housing finance companies was 18percent in the first quarter, as opposed to 19percent in the corresponding quarter last year.

Personal loan come in range of 14-28% and most consumers confuse what will get them loan at the lowest rate. So lets tell you how does bank define such pricing which is in such a bring range.

LIC Housing Finance Ltd will roll out a completely fixed interest rate home loan product next month, according to Mr V. K. Sharma, the company's Director and Chief Executive.

Godrej Properties Ltd, the real estate development arm of the Godrej Group and ICICI Bank, India‟s largest private sector bank, signed a Memorandum of Understanding (MOU) on extending their projects and financial services to customers in

The unyielding attack on interest rates in a bid to rein in runaway prices is elastic results: the demand for vehicle loans has come down. The growth rate of Car loan volumes have almost halved so far in 2011-12 compared to

Fixed-rate home loans are the flavour of the season. Last week, HSBC India launched a fixed-rate home loan and loan against property product. Prior to this, Axis Bank home loan had launched in October 2011.

Customers must spot lapses before credit bureau, bank can take corrective steps. For customers who want to know their individual credit rating scores, buying a credit information bureau’s (CIB) report will take just a few minutes.

Axis Bank, the third largest private sector lender, is in the midst of a makeover. From being known as a corporate bank with a focus on infrastructure financing, the bank wants to step up its retail lending operations.

LIC Housing Finance, India's fourth-largest mortgage lender, for one, is working out a new floating rate product with an initial interest rate of 10.4% for loans up to Rs30 lakh, to be launched in January, and will discontinue its fixed-cum

YES Bank has been a strong proponent of deregulation of savings rate for over a year. The Reserve Bank of India's move will be a game changer for YES Bank, the banking industry and, most definitely, the savers.

Housing Development Finance Corporation (HDFC) has said slowing economy and rise in interest rates are unlikely to dampen the appetite for home loans in the country.

The Reserve Bank of India (RBI) has hiked interest rates 12 times in the past 20 months effectively increasing the rates by 3.75 percentage points. This leaves no option for banks but to pass on the rate hike to customers. Home-loan rates

RBI had asked banks to cut pre-payment penalties. NHB had says to housing finance companies (HFCs) to cut pre-payment penalties earlier in October. While all HFCs have complied with the guidelines, most banks are reluctant to do so.

The new rate is available for one to five years for home loan and five years for loan against property, with applicable rate beginning at 11.25 % for one-year tenor to 11.75 % for a five-year home loan.

Prepayment penalty on home loans waived off by home loan lenders. Though prompted by regulatory persuasion and directives, some leading banks are using the abolition of prepayment charges to entice home loan borrowers

Indian automobile Bazaar is facing a spiky slowdown in sales growth as compared to growth registered in last few years, the luxury car segment seems to remain unaffected by the slowdown.

Axis Bank is "closely examine" its exposure to infrastructure projects, Indian banks who have turned cautious amid a slowdown in the sector.

NHB –National Housing bank a wholly owned subsidiary of The Reserve bank of India and a regulator for all housing finance companies has announced that no HFC shall be allowed to charge prepayment penalty on home loans.

Domestic inflation and the depreciation of the rupee are likely to keep interest rates high for a while, Chanda Kochhar, managing director and CEO, ICICI Bank.

SBI has decided to waive Pre-payment charges on home loans to both Floating and Fixed rates, for old and new home loan customers. With this decision, SBI is the only bank which does not charge any fee from pre payment their home loans

India rupee declined to its all time low level of rs. 14.35 Against the Dirham. The local unit plunged to 52.50 against the greenback as foreign exchange markets opened, causing further problems for the RBI as it tries to

Rich Indian of Arab Countries are transferring huge volumes of money to homes in India. NRIs are line up for personal loans, cash advance through credit cards and salary advance to send huge amounts back home so that they can collect high profits.

The NBFC sector has been under pressure due to rising cost of funds, which have gone up for mainly and that is one of the reasons stocks have been under pressure. In past year, major NBFCs have cracked 40-50 % under pressure.

The most common problem among investors is poor management of liquidity. By its very nature, it is not easy to estimate the need for liquidity.

Peoples of kolkata found sharp rise in property value. Mr. Akash sold his flat at Rs.34 Lac, he paid only 18 lac in 2009 for that flat. Some peoples like retired persons dreams was shattered because hike in property values.

State bank of india assumed a sharpest growth in loans of real Estate Sector. But rapid growth in real estate sector increase volumes of bad loans for SBI. SBI’s gross non-performing assets, or NPAs, grew to 4.19% of total assets,