Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Positive of Recovery Banks Plan Big Push for Retail Loan Segment

Posted: 12 Feb 2010 11:20 PM PST

Betting big on economic recovery, public sector banks in India are planning to give a big push to retail loans. While State Bank of India (SBI), the country's largest lender, claims to have overtaken Housing Development Finance Corp. Ltd, the largest mortgage firm, and ICICI Bank Ltd (in the case of auto loans), other public [...]

Banks to Withdraw Low Rate Home Loan Schemes Very Soon

Posted: 12 Feb 2010 09:08 PM PST

The special invitational or teaser rates for new home loans which were less than those offered to earlier customers are set to be withdrawn. This means a hike of up to 2% in interest rates offered by both private and public banks in the next one month. The withdrawal of the offers, which typically cover [...]

Canara, Union Bank End Low Home Loan Rate Schemes

Posted: 12 Feb 2010 08:09 PM PST

Teaser loans may be on their way out with Canara Bank and Union Bank of India opting to withdraw the scheme in anticipation of a high interest rates. The decision to terminate the schemes ahead of schedules comes less than a week after Axis Bank closed its fixed-cum-floating scheme. While Union bank of India will [...]

CREDAI Tamil Nadu comes up with Low Home Loan Offer

Posted: 11 Feb 2010 09:30 PM PST

The Tamil Nadu chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI) on Thursday announced an interest subvention scheme for those purchasing properties from its 45 members. Addressing a media conference on 'Fairpro 2010,' the third in the series of annual property fair of CREDAI-Tamil Nadu, Chairman of Fairpro 2010 Sandeep Mehta [...]

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