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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 up by 75 basis points while interest rates for customers seeking fixed home loans have been ...

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 or less. SBI has raised its benchmark prime lending rate (BPLR) or the rate it charges its most ...