Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
NEW DELHI: Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates, Yes Bank and Indiabulls Housing Finance said in a joint release on Wednesday. The partnership aims at […]
UBI, Allahabad Bank to offer repo rate linked home loans
KOLKATA: Two city-based banks, United Bank of India (UBI) and Allahabad Bank, have decided to offer select loan products linked to repo rates to pass on the benefit of the RBI’s rate cut to their customers, bank officials said on Friday. UBI sources said the bank would offer housing and car loan products with repo […]
Central Bank to offer repo-linked interest rate on home loans
MUMBAI: State-run Central Bank of India on Sunday said it will be offering repo-linked interest rate (RLIR) on home and vehicle loan products with immediate effect. The lender said the existing borrowers will also be given an option to switch over to the new repo-linked interest rate at a fee, a statement said. It will […]
SBI to link home loans to repo rate from July
NEW DELHI: After linking its short-term loans and large savings deposits rates to the repo rate, the largest lender State Bank of India (SBI) on Friday said it will introduce repo-linked home loans from July. The lender has also reduced interest rate on cash credit account (CC) and overdraft (OD) customers with limits above Rs […]