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Now, banks stop giving in-principle loan sanctions on central bank directive. Don’t be surprised if your neighbourhood banker suddenly starts asking more questions before sanctioning your housing loan. Following a Delhi High Court order, the Reserve Bank of India (RBI) recently issued a directive asking banks to check the reasons a ...

Floating interest rates have surged up by three percent and millions of housing loan customers has begun to pay a heavy price. A customer who was paying 7.25 percent for his floating home loans just over a year ago is today forking out as much as 10.25 percent. There is more bad news from the banking industry. "Interest rates are likely to ...

HDFC, the country’s largest housing finance company has raised interest rates on loans by 50 basis points, the third hike during the current financial year. HDFC has, however, left fixed rates unchanged at 11 percent. Floating rate loans have gone up to 9.5 percent for loans above Rs 10 lakh while interest rates on loans below Rs 10 ...