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Home loan customers may have to wait till December for EMI cut, RBI holds rates

Borrowers on repo-linked credit including home loans will usually see repo rates changes reflected in their loans within 1-3 months of a rate change

The repo rate has remained completely unchanged so far at 6.5% since February 2023
Updated on Oct 09, 2024 11:22 AM IST

Man barges into UP bank with a suicide letter, gun, loots 40 lakh: Report

The man barged into the manager's cabin and told him that he had an outstanding home loan of ₹38.5 lakh.

The police are searching for the man. (Representational)
Published on Oct 02, 2024 12:10 PM IST

HDFC bank sells $717 million of home loans to reduce credit book

HDFC Bank sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures

The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios(PTI)
Updated on Sep 27, 2024 08:00 AM IST
Bloomberg |

Will home loans get costlier? SBI lending rates hiked 10 bps: See current rates

Home loans can potentially get costlier since SBI's three-year tenor MCLR is now 9.10%, from 9% earlier and overnight MCLR is now 8.20%, from 8.10 previously.

All types of loans, including home loans can potentially get costlier since the MCLR has now been hiked. (Pradeep Gaur/Mint)
Published on Aug 15, 2024 05:54 PM IST

Banks may soon use your digital footprint to give home loans, here's how

Banks are working on a new framework to give home loans using a person's spending patterns, mirroring the policy for MSME loans as seen in the Union Budget 2024

Banks will consider consumption or spending patterns of individuals while making their credit assessment (iStock/Hindustan Times Archive)
Published on Jul 27, 2024 12:47 PM IST
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