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RBI set to hike policy repo rate tomorrow; your home loan EMIs may go up

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday. RBI governor Shaktikanta Das is scheduled to announce the Monetary Policy Committee decisions on Friday morning.

If the repo rate increases, it will lead to a higher EMI for home loan borrowers.(Getty Images/iStockphoto)
Published on Aug 04, 2022 11:02 PM IST
By, New Delhi

Kotak Mahindra Bank hikes home loan rates by 0.05 per cent

The private sector lender will now be offering home loans starting from 6.55 per cent, as against 6.50 per cent earlier, as per an official statement.

The new rates will be applicable till December 10, a statement by Kotak Mahindra Bank said.(Mint)
Published on Nov 08, 2021 05:09 PM IST
PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

HDFC cuts home loan rates for festival season, joins SBI, PNB and Bank of Baroda

Several real estate developers and consultants said these concessional interest rates on home loans will lead to a strong consumer demand in India's residential property market.

Several banks have announced benefits on home loans during the festival season.(Bloomberg Photo)
Published on Sep 21, 2021 11:04 AM IST
By | Written by Amit Chaturvedi, Hindustan Times, New Delhi

SBI's 'Monsoon Dhamaka' offer: Bank waives off processing fee on home loans

The offer is valid for a month, till August 31.

State Bank of India (Image used for representative purpose only)
Published on Jul 31, 2021 07:20 PM IST
By | Written by Karan Manral, New Delhi

Banks double down on home loan segment

The aggregate home loan portfolio of banks grew 9.1% in the year till March 26 to ₹14.59 lakh crore. While this was lower than the 15.4% growth seen a year ago, it marks an improvement after the plunge in the first few months of the pandemic.

The aggregate home loan portfolio of banks grew 9.1% in the year till March 26 to <span class='webrupee'>₹</span>14.59 lakh crore.(Bloomberg)
Published on May 10, 2021 06:07 AM IST
Livemint | ByShayan Ghosh, Mumbai
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