Home loan interest rates to edge higher after repo rate hike
This is the third consecutive rate hike and finally marks the end of the all-time best low-interest rates regime, says Anuj Puri of Anarock.
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HDFC Bank, ICICI Bank raise interest rates after RBI repo rate hike
HDFC Bank raises MCLRs by 35 bps across all tenors; ICICI Bank says EBLRs hiked by 50 bps to 8.60% per annum from June 8.
Loan EMI to get costlier after RBI's repo rate hike
The rate hike will push up home loan interest rates, which had already started going up after the surprise monetary policy announcement last month.
Consumer Credit Growth At All-Time High
Restructured standard advances ratio, especially of services and retail loans, has shown a sharp increase in FY21 though. Some of these could turn into NPAs, adding to banks’ stress assets.
RBI's U-turn: Is it the end of low interest rates on home loans?
This rise in interest rates will ultimately impact overall acquisition cost for homebuyers and dampen sales, says Anuj Puri of ANAROCK Group.
Bad news for homebuyers! Loan EMI to get costlier
The repo rate hike will translate into higher EMIs for home loans, say industry experts.
Real estate supply plummets 44% post-DeMo
Cash deals decline 75-80%; average home loan ticket size rises as interest rates dip.
Housing as an asset will not depreciate: HDFC's Renu Sud Karnad
The MD of the country’s largest mortgage lender says with the shortage of housing and burgeoning population, housing as an asset class is a need and its value will not depreciate with time.
Home loan interest rates fall: should you refinance?
Look at processing and other fees as well in order to save money in the long run.
