It’s important to have strong financial plan and avoid missteps while availing a home loan.
Banks disbursed Rs 2.52 lakh crore of loans in October and Rs 2.39 lakh crore in November.
SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.
A home loan is termed a ‘good’ loan since it helps you own an actual property that gains value over the period of time.
The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.
PTCs issued in mortgaged-backed securitisation should be mandatorily listed if the securitisation pool is larger than Rs 500 cr.
The one-year MCLR will come down to 8.15 per cent per annum from 8.25 per cent per annum from Tuesday.
Home loans up to Rs 75 lakh with a tenure of up to 35 years will be offered at interest rate of 8.30 per cent per annum onwards.
The move will also lead to cheaper working capital loans for industry.
The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.