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Home loan in India: Facts and Reviews
An expert on home loans in India, Joseph Samson passionately follows every single development in this personal finance segment in his blog on rupeetimes.com. A fitness freak, Joseph likes to spread the message accross effectively in simple words.
By Joseph Samson

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Monday, December 15
Andhra Bank reduced rates on Home , car and gold loan

The customers of Andhra Bank will now get to enjoy the home loan, car loan and gold loan on the cheaper rates. The Andhra Bank has reduced its rates on home, car loan and loan against gold ornaments.

It has been informed that home loans for up to Rs 10 lakh have been reduced by 1%, earlier the rate was 11.25% and now it has been reduced to 10.25%. For the loan above...

Posted 11:37:52 AM Complete Story | Post Comment | Read Comments(0)

Monday, December 15
Synd transport week organized by Syndicate bank

Recently Syndicate bank celebrated the ‘Synd Tranport week’. As the part of this synd transport week the bank distributed Rs 1.10 crores loans for 25 cars under the ‘ Synd Transport scheme’.

This was organized at the various branches of the bank from 8th December to 13th December 2014. With the perspective to increase the car loan portfolio of the bank the bank has handed over the keys of the car to the...

Posted 11:34:11 AM Complete Story | Post Comment | Read Comments(0)

Friday, December 12
BOM bank has lowered its lending rates

State owned bank – Bank of Maharashtra has slashed down its rates by 15bps. The bank has reduced its lending rate by 0.15% making home loans and car loans cheaper. The base rate of the bank has dropped down to 10.25%.

Earlier the base rate of the bank was 10.40% p.a. The new rates will be effective from 15th December 12, 2014. Bank of Maharashtra is the first one to lower its...

Posted 11:51:43 AM Complete Story | Post Comment | Read Comments(0)

Thursday, December 11
Second new branch of BMB bank in Tamil Nadu

The women oriented bank of the country- Bhartiya Mahila Bank is moving towards the progress. The bank is making its efforts to expand its banking business. Recently the bank has launched its second branch in Tamil Nadu. The bank has established its new branch in Coimbatore.

While inaugurating the new branch the CMD of the bank stated that this is the 36th branch of the bank. Within a period of one year the...

Posted 12:05:29 PM Complete Story | Post Comment | Read Comments(0)

Wednesday, December 10
Axis bank introduced new fixed home loan scheme - Nischint

One of largest lending Bank of the country – Axis bank has rolled out a new 20 year fixed rate home loan product. The scheme is named as “Nischint”. This product is introduced for the affordable housing.

The bank has reported that under this scheme the bank will offer the home loan at the fixed rate of 10.4% and the maximum amount that will be sanctioned under this scheme is Rs 50 lakhs....

Posted 11:58:41 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, December 10
Yes Bank tied up with 'Hero Women's Indian Open 2014' to promote sports in India

Young Generation Bank – Yes Bank has planned to support the Women’s India Open 2014. To support the Women’s India Open 2014 the bank has tied up with Women's Golf Association of India (WGAI) for the eighth edition of 'Hero Women's Indian Open 2014'.

Through this partnership bank wants to promote the sports in the country. The bank wants more of the youngsters to come up for the golf. The bank also stated that...

Posted 11:47:46 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, December 9
Canara Bank organized Mega retail Mela in Thiruvananthapuram

Yesterday, Canara Bank launched a mega retail Mela and MSME Mela in Thiruvananthapuram. All the branches of the bank in Thiruvananthapuram circle were involved in the mela.

The Mela was inaugurated by Mr. P Sudeep, CEO, Norka Roots. At the event Sanction letters for over Rs100 crore were handed over to various borrowers of various branches. Number of senior personalities of the banking attended the event including K Kishore Kumar and TV...

Posted 11:36:06 AM Complete Story | Post Comment | Read Comments(0)

Monday, December 8
A group bank to allow inter bank fund transfer through ATM

A group of banks including Yes Bank, Union bank of India, Canara Bank, Andhra Bank and Saraswat co-op bank have decided to provide the inter bank fund transferring through the ATM cards. The customers of these banks will get the facility to transfer the amount from their own bank to any of these banks easily by visiting the ATMs.

The fund transfer will become quite easy through this facility. In order to transfer...

Posted 11:20:51 AM Complete Story | Post Comment | Read Comments(0)

Friday, December 5
Vijaya bank organized an event at Devalapur under PMJDY

It has been reported that under the Pradhan Mantri Jan Dhan Yojana the VIjaya Bank has organized an event in Devalapura in Mandya District. In the event the bank opened several new savings account and issued the rupay debit cards to the customers.

The banks are progressively working under the PMJDY scheme with the desire to accomplish their task. The executive director of the bank Mr. K Ramadas Shenoy reported that bank...

Posted 11:11:36 AM Complete Story | Post Comment | Read Comments(0)

Thursday, December 4
New co-branded credit card rolled out by SBI bank

The highly networked bank of the country – State Bank of India yesterday rolled out a new co- branded credit card. In association with Fashion at Big Bazaar (fbb), the fashion destination of the Future Group, the bank has launched this new credit card. This new co-branded credit card will offer an exclusive discount of 10% on the fashion apparels.

The card will come up with a joining gift of worth Rs 500 and...

Posted 11:39:53 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, December 2
SBI joined hands with Nissan

The largest bank of the country – State Bank of India has tied up with the Nissan. The bank has planned to offer easy Vehicle loam schemes to its customers through this tie up. The bank is delighted to work with one the retail networking company- Nissan.

Through this tie up the Nissan will get the chance to reach the wide network of SBI bank spread all across the country. As per the...

Posted 11:56:24 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 28
Payments will now provide more facilities to the people in unbanked areas

In order to promote the banking and make the people in rural and backward areas use bank for their savings the Apex bank of the country has introduced new rules for the payments banks. Yesterday RBI announced that payment banks will be allowed to accept the deposits of Rs 1,00,000 from the customers in the unbanked areas.

The payments banks in deed are established to support the Financial inclusion and help the migrant labourers. The...

Posted 07:31:49 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 27
PNB allowed customers to have free transactions without any cap

Last day the Punjab National Bank unveiled its plan to continue to allow the customers have free transactions from ATMs. The bank will allow the customers to make free transactions irrespective of the number.

However the apex bank has asked the banks to allow 5 free ATM transactions to the customers, but PNB has decided not to go with it and allow its customers free transactions without any cap. PNB account holders can enjoy...

Posted 11:48:55 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 25
AREIDA in association with SBI organized a home loan Fair

It has been reported that The Assam Real Estate & Infrastructure Development Association (AREIDA) yesterday launched a Home loan fair in association with the highly networked bank of India- State Bank of India. The AREIDA along with the SBI organized the home loan fair in Guwahati under the banner “Areida Realty Summit-2014” at Hotel Brahmaputra Ashok.

The fair was inaugurated by the Ajanta Neog, Minister of PWD along with the Chief General Manager, State...

Posted 11:23:28 AM Complete Story | Post Comment | Read Comments(0)

Monday, November 24
Bank of Baroda expanding its banking network

With the intent to expand its banking network, the Bank of Baroda has plans of setting of 400 new branches across the country. With the addition of these branches the bank wants to have a total of 5400 branches. In the south the bank is having 271 branches and bank wants to add 65 more new branches to the southern region by the next fiscal year.

In addition to this bank will also add...

Posted 11:38:41 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 21
Kotak Mahindra Bank acquired ING vysya bank

Last day Kotak Mahindra Bank acquired ING vysya bank. Kotak Mahindra is a well developing bank of the nation with a huge network of 641 branches. After acquiring the ING bank, Kotak Mahindra bank will have add 573 more branches of ING Vysya Bank.

ING vysya bank also had a great banking presence in south with a mixture of rural as well urban branches. Kotak Mahindra has a major presence in metro cities;...

Posted 11:27:33 AM Complete Story | Post Comment | Read Comments(0)

Thursday, November 20
Canara Bank completed its 109 years of banking

On Wednesday a state owned bank – Canara Bank launched 109 branches of the bank across the country. On the occasion of the founders of the bank the bank launched 109 new branches and equal number of ATMs. The bank has completed 109 years of its successful banking.

The founder’s day ceremony was celebrated in Bangalore, on the occasion the executive director of the bank stated that bank wanted to expand its service and...

Posted 11:33:50 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 18
New Branch inaugurated by Dhanlaxmi Bank at Thiruvananthapuram

An old private sector bank – Dhanlaxmi Bank inaugurated a new branch at Thiruvananthapuram. Bank has opened the new branch at Sabarimala at the festive season. This branch is operational only for a period of two months and will be working to offer the Point of Sales facility. The facility through which the customers will be able make the donations through credit / debit card.

As in previous years, coupons for getting ‘appam’,...

Posted 11:24:37 AM Complete Story | Post Comment | Read Comments(0)

Friday, November 14
Govt. interview candidates for CMD post for highly reputed banks of the country

It has been reported that govt. will interview new candidates for the post of Chairman and managing directors of seven banks. Currently there are seven vacant positions of CMDs and one more will get vacant in the month of December.

Today the government will interview 19 candidates for the posts of chairman and managing director in the public sector banks. The list of banks without CMDs include Punjab National bank, Bank of Baroda,...

Posted 11:25:41 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, November 11
Manappuram to venture into Microfinance, Home and vehicle loans

The country’s leading gold lending company Manappuram has planned to venture in to the three areas Microfinance, Home loans and vehicle loans. By the early next year company has plan to venture the three areas.

It has been reported that company will infuse 100 cr of capital and will expand the presence of the company in central and western parts. Earlier his year, Manappuram Finance had acquired Milestone Home Finance. Five years ago Manappuram...

Posted 11:15:29 AM Complete Story | Post Comment | Read Comments(0)

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