You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Home loan rates drop: Should you bite the bullet?

DNMUM390887 | 6/20/2017 | Author : Kumar Shankar Roy | WC :753

PERSONAL FINANCE

Buying a house on loan is a long-term commitment, and so many are seriously considering locking in loans at lower rates to reduce interest burden. Experts tell DNA Money buyers must consider the numbers fully and clearly, before they let emotions linked to ‘apna ghar’ rule the roost.
‘New’ loans cheaper : New home takers are at an advantage. Rishi Mehra, CEO of lending marketplace Wishfin.com says, “At the start of 2016, most lenders were charging an interest rate of around 9.40%-9.85% per annu..home-loan rates now range from 8.30%-8.90% per annum across lenders in India.
The per lakh EMI has fallen to Rs 755-797 from Rs 834-867. In the ongoing rate cut marathon, one must not forget that the new rate is applicable
Read full story



Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Srei Group plans to list two companies by March, aims to raise `2,700 crore
DNMUM394716 | 8/18/2017 12:00:00 AM | Author : Sumit Moitra | WC :281

Kolkata: Kanoria family-controlled Srei Group is surely set to get cash-rich by the end of 2017.
The group would execute initial public offerings (IPOs) of two companies -- Bharat Road Network and Srei Equipment Finance - by March, chairman and M
Add To LightboxCalculate Price

IT ministry drafts data protection law
DNMUM394717 | 8/18/2017 12:00:00 AM | Author : Mansi Taneja | WC :732

New Delhi: In the first draft of Data Protection and Governance Act, the Union IT and electronics ministry has proposed to put all digital data captured through handheld, desktop or systems manually or through biometric and point of sale (PoS) device
Add To LightboxCalculate Price

SBI adds `70,000 cr bad loans on merger
DNMUM394718 | 8/18/2017 12:00:00 AM | Author : Manju AB | WC :409

Mumbai: The merger of five associate banks with State Bank of India (SBI) has brought in about Rs 70,000 crore of bad loans into its balance-sheet, pushing its total gross non-performing assets (NPAs) to Rs 188,069 crore at the end of the first quart
Add To LightboxCalculate Price

PNB, HDFC Bank, YES cut savings account rates
DNMUM394719 | 8/18/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :210

Mumbai: Half-a-dozen banks have followed the footsteps of the State Bank of India (SBI) and brought down their interest rates on the savings bank deposits.
Most have kept their savings bank rate at 3.5%, specially for the smaller depositors. The
Add To LightboxCalculate Price