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There may be some good news for all prospective home loan takers despite the recent increase in interest rates. The finance ministry is considering raising the tax concession ceiling for home loan borrowers. At present, interest up to Rs 1.5 lakh is tax Read More...
Now, owing a dream home in India will be slightly tough as Housing Development loans Finance Corp (HDFC) has raised the interest rates on home loans for its existing and new home loan shoppers. With effect from March 1, 2007, the floating rates have gone Read More...
MUMBAI: The State Bank of India (SBI), India's largest commercial bank, has increased its benchmark lending rate by 75 basis points (100 basis points = 1 percentage point) but it has spared existing home loan customers who have borrowed Rs 15 lakh Read More...