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  • Location Location Location : How important it is ???

    Location: The Most Important Questions Every Buyer Should Ask It's a maxim in real estate that the three most crucial factors in selecting a house are "location, location, location." It's also true! No matter how wonderful the house is, the location is key to how well you'll like living in it and how well it sells when ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on March 12, 2007
  • STATE BANK HIKES PRIME AND HOME LOAN RATES

    [photo:listing:834060:4][photo:listing:828319:2] The country’s largest commercial bank, State Bank of India (SBI), on Monday announced a hike in its benchmark prime lending rate (BPLR) by 75 basis points, the highest by any bank so far in the latest round of rate hikes. The hike includes home loans, excluding existing loans falling under ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on February 20, 2007
  • HOME LOAN RATE HIKE TO HIT OLD BORROWERS : Is it Fair ?

    Rising interest rates on home loans is bad news for any borrower, but it is particularly bad for those who got loans at floating rates in late 2004 or early 2005. Such borrowers are effectively paying between 0.5 and 2.0 percentage points higher than new borrowers. Why is that the case? Read on. Both the main lenders in the home loan segment, ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on February 17, 2007
  • HDFC HIKES INTEREST RATES BY 50BPS AS CRR EFFECT KICKS IN

    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 ...
    Posted to Ramprasad Padhi (Weblog) by 23609 on January 7, 2007