LOWEST HOME LOAN INTEREST RATES
PSU banks may take a hit on margins as interest rates dip
State-owned banks saw a 26% profit surge in FY25. However, net interest margins may face pressure this fiscal year. Banks like State Bank of India, Canara Bank, and Punjab National Bank anticipate lower margins. Geopolitical factors and potential US tariffs contribute to uncertainty. Credit growth forecasts are also tempered. Overall bank credit is expected to grow.
Time to be selectively bullish again? 9 mid-cap stocks from different sectors with an upside potential up to 52%
As the sound of gunfire faded at the border, the Nifty and Sensex witnessed a sharp jump. Don't expect a similar reaction every day. But with a major issue behind it, the chances are that the street will see greater risk appetite. So, directionally, you can up the bullish quotient in your actions. At the same time, it would be prudent to be cautious and selective when it comes to mid-cap stocks. Reason: While mid-caps have done reasonably well, the risk of higher correction exists if the market cracks. But chosen with proper checks and balances, they offer better returns.
Home loan EMIs of Bank of Baroda, PNB, Canara Bank loans set to fall for these tenures
State-owned lenders Bank of Baroda, Punjab National Bank, and Canara Bank have reduced their marginal cost of funds-based lending rates across various tenures, effective from May 2025.
PNB takes aim at 3-4 specific sectors as it gears up for big loan play
Punjab National Bank is strategically shifting its focus to renewable energy, defence, and infrastructure sectors, aiming to leverage a substantial corporate loan pipeline exceeding Rs 1.3 lakh crore. PNB anticipates a 15-16% growth rate, driven by lower interest rates and significant market activity.
Should home loan be the only factor to see while choosing between old and new income tax regime?
Budget 2025 brought significant changes to India's income tax structure. Under the new tax regime, the basic exemption limit was hiked to Rs 12.75 lakh for salaried individuals. This could potentially make traditional tax planning less relevant for many, since several deductions are no longer available. For those looking to opt for a home loan interest deduction, the old regime may still be better, but only if other deductions are also high.
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5 things you need to know about debt trap
A debt trap arises from the struggle to repay borrowed funds, often fueled by credit card overuse, high-interest loans, and job loss. This situation causes financial stress and lowers credit scores, hindering future loan prospects. Read on to know how to avoid a debt trap and manage credit effectively
Residential mortgage securities may reshape realty market
Residential mortgage-backed securities (RMBS) have been listed on the NSE for the first time in India, potentially raising over ₹10,000 crore this financial year. This development is expected to reshape the property market by providing new funding avenues and enabling lenders to extend more credit, aligning with the 'Housing for All' initiative.
IIFL Finance Q4 Results: Profit falls 42% to Rs 251 crore
IIFL Finance Thursday reported a 42% year-on-year fall in consolidated net profit for the March quarter mainly because of flat loan book, which led to 9% shrinkage in net interest income.
Time to have all three: Growth, risk, and stability. 6 large-caps from different sectors with an upside potential of up to 43%
How would you rate the stock of a retailer that was once a multibagger but has been underperforming since the arrival of quick commerce. On operating parameters, the company is probably best placed amongst its peers. So, after a four-year underperformance, does it make sense to risk exposure to the stock? Similarly, a company whose income is literally assured and there is little risk of competition (because it would require billions of dollars in investment for a competitor to emerge). After six months of correction and almost four years of valuation adjustment in some segments, there are interesting options on the table. So, it is probably time to have a look at growth, risk, and stability.
The Fed held interest rates steady; Will it cost you or make you richer? Find out how it changes your accounts, loans, and investment game plan
The Federal Reserve's interest rate pause, holding steady between 4.25%-4.5%, continues to impact various financial aspects. While standard savings rates linger around 0.41%, high-yield options offer returns near 4%. Mortgage rates remain in the mid-6% range, and credit card rates have surged past 21%, highlighting the widespread effects of the Fed's decision.
Donald Trump breaks records for all the wrong reasons with lowest Presidential 100-day approval rating in the last 80 years
Donald Trump's second term began with historically low approval ratings. A recent poll indicated only 39% of Americans approved of his performance. Most Americans foresaw a recession due to Trump's economic policies. Tariffs and rising prices raised alarm among the public. Skepticism extended beyond the economy, with concerns about overstepping presidential power. Strong support for Trump was fading away.
HDFC Bank cuts these lending rates by up to 15 bps; check details
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates. This will benefit borrowers with loans linked to this benchmark. The bank has lowered the MCLR by up to 15 basis points on select loan tenures. The revised MCLR rates have come into effect from May 7, 2025.
ICICI Securities maintains Buy on SBI, raises target price to Rs 950
ICICI Securities suggests buying State Bank of India shares. The target price is now Rs 950. The bank's financial performance shows growth in total income. Asset quality is strong. RoE is expected to be around 15% in the coming years. The brokerage firm finds the stock inexpensive. A major economic slowdown poses a risk.
Personal loan interest rates May 2025: Which bank is offering the lowest interest rate?
Personal loan interest rates are influenced by several factors, such as your credit score, income level, employment stability, loan amount, repayment tenure, and the lender's evaluation of risk.
Cheaper home loan from Bank of Baroda: Lowest rate starts from 8% for these borrowers
Bank of Baroda has reduced home loan interest rates by 40 bps, starting at 8.00% p.a. for new borrowers, effective May 5, 2025. This reduction follows the RBI's policy rate cut, with revised rates applicable to fresh and home improvement loans above Rs 15 lakh. Concessions are available for women, young borrowers, and balance transfers.
Bank of Baroda cuts home loan rates by 40 bps for new borrowers
Bank of Baroda has decreased its home loan interest rates. The reduction is 40 basis points for new borrowers. The new rate starts at 8.00% per annum. Indian Bank also announced a rate cut on home and vehicle loans. These changes follow the Reserve Bank of India's policy rate cut in April.
Pakistan central bank cuts policy rate by 1 pc amid easing inflation
Pakistan's central bank has reduced the policy rate by 1% to 11% due to easing inflation, as announced on Monday. The State Bank of Pakistan's Monetary Policy Committee (MPC) cited lower-than-expected inflation in April, driven by reduced prices in essential food items and energy. This cut is expected to stimulate economic growth by making loans more accessible for businesses.
Want to repay your home loan without a huge prepayment? This wealth advisor shares a strategy that can cut the tenure by 7 years
Anmol Gupta suggests Indian homeowners invest a portion of their EMI in equity mutual funds to shorten their home loan tenure, potentially reducing it by 7 years. He also cautions against using the 4% retirement rule in India, as it may underestimate retirement savings needs due to higher inflation and lower returns.
Factors that affect personal loan interest rates and how to get the best deal
Personal loan interest rates are influenced by credit score, loan amount, income stability, and market conditions. Borrowers can secure better deals by improving their credit score, shopping around for rates, and considering secured loan options. Understanding these factors empowers individuals to make informed decisions and potentially save money on their loans.
Interest rates are falling, time to switch your home loan regime: Save above Rs 8 lakh by switching to EBLR; Know how
Home loan interest rates are decreasing after the Reserve Bank of India repo rate cut. Borrowers can save money by switching to the External Benchmark Lending Rate or EBLR. EBLR is more transparent and linked to the repo rate. Converting from older regimes like BPLR or MCLR can lead to substantial savings. Read below to know the full calculations.
Lower home loan EMIs: List of banks that have reduced home loan interest rates after RBI rate cut
Home loan EMIs: Following the Reserve Bank of India's repo rate cut, several public and private sector banks, including SBI, Bank of Baroda, and HDFC Bank, have reduced their lending rates across various retail loan segments. Here is the list of prominent banks that have reduced their home loan interest rates.
Best way to prepay your home loan: Save Rs 7 lakh and pay off 36 months early with this prepayment strategy
With recent repo rate cuts by the RBI, home loan borrowers now have opportunities to accelerate their repayment. Strategies like utilising surplus funds for occasional prepayments, making fixed annual prepayments, or incrementally increasing EMIs can significantly reduce interest costs and shorten loan tenures. Read below to know how to use these strategies.
Home loan interest rates are falling: Check the latest home loan rates offered by SBI, HDFC Bank, ICICI Bank, PNB, Canara Bank
PHome loan borrowers whose loans are linked to the latest floating rate interest regime EBLR, will see a change in their Equated Monthly Installments (EMIs). Here's a quick comparison of the latest home loan rates from top banks including HDFC Bank, SBI, Bank of Baroda, Canara Bank, and others.
U.S economy in dire straits? Housing market roiled as mortgage demand drops and hiring slows
US housing market faces headwinds as mortgage applications decline amid economic uncertainty and a weakening labor market. Despite relatively flat mortgage rates, consumer confidence is dampened, leading to subdued home purchase activity. Refinancing also slows, with borrowers awaiting more significant rate drops, while concerns rise over slower wage growth and its impact on hiring decisions.
LICHFL cuts home loan interest rates for both old and new home loans; new home loan interest rate starts from 8%
Life insurance coporation of India housing finance has cut its benchmark home loan rates by 0.25%. This means now both old and new customers of LIC HFL can get the benefit of a lower home loan interest rate. In a press release, LIC HFL informed that the new interest rates start from 8% per annum. The name of the benchmark is: LIC Housing Prime Lending Rate (LHPLR).
Loan tenure, interest rate- Remember this while taking a home loan
Experts suggest considering loan tenure and fees before narrowing down on home loans. Borrowers should evaluate loan terms i.e. whether interest is charged at fixed or floating rate and service factors such as processing fees and more, along with sanction timelines and disbursal time. Careful evaluation helps in making an informed decision.
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