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 A fitness freak, Joseph likes to spread the message accross effectively in simple words.
By Joseph Samson

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Wednesday, October 1
BMB bank planning to launch another branch in Kerala

Last day the only Women bank of the country Bhartiya Mahila Bank opened its second branch in Kerala. Now the bank has announced its plan to set up third new branch of the bank in Kerala. To expand its service and faciliate more of banking services to the females the bank will establish new branch in Kozhikode.

Kerala is having the maximum literacy rate, so it will be easier for the bank to help the women...

Posted 09:42:02 AM Complete Story | Post Comment | Read Comments(45)

Thursday, September 25
New e-products introduced by Vijaya Bank

Recently public sector bank – Vijaya bank has launched new e- products for its customers. Bank has introduced customer friendly products like V-gyansagar. Basically V-gyansagar is a mobile app that will help the bank to inculcate financial literacy among the customers.

The range of new e- products is introduced to make banking easier for the customers. Chairman and Managing Director V Kannan, Executive Directors KR Shenoy and BS Rama Rao. launched the new...

Posted 11:31:20 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 24
New banking accounts opened in Gujarat under PMDJY

Recent reports displayed that banks are endeavoring to complete the target of opening more than 7 crore savings accounts under PMJDY by the end of next year. With the aim to achieve this bank are working hard, in the Gujarat so far 14 lakh bank account have been opened by the bank so far.

Reports have also stated that in total there are 1.22 crore household to be covered, of which 93 lakh households...

Posted 11:17:23 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 19
UCO bank signed MOU with

Public sector bank – UCO bank has entered in to partnership with bank At the headquarters of the bank general manager of the retail banking of bank signed the agreement with the managing director of Through this tie up the bank will enhance its online selling of its retail banking products – UCO home loans and UCO car loans. is a reputed online portal with 1.7 million visitors per month....

Posted 11:33:30 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 19
New Housing Scheme by TATA capital LTD

Yesterday one of the finest housing finance company – TATA capital housing Ltd launched a new housing scheme for the people living in rural and semi urban areas. The scheme is especially designed for the urban segment poor people.

Under this scheme the customers will be offered with the loan up to Rs 15 lakh at a special interest rate of 9.75 per cent per annum. This offer is valid till 31st December, 2014....

Posted 11:31:00 AM Complete Story | Post Comment | Read Comments(0)

Thursday, September 18
80th Foundation Day of Bank of Maharashtra

It has been reported that Bank o f Maharashtra is celebrating its 80th Foundation Day. On the occasion of its foundation Day, yesterday bank has launched a customers meet. At the different places all over the country, bank organized functions.

On this auspicious occasion Executive Director of the bank Mr. R. K. Gupta stated that they have received an overwhelming response from their customers. He also conveyed that due to the customer support the...

Posted 11:48:16 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 17
Axis bank to launch festive offer

With the aim to lure more customers and offer exciting offers to them axis bank is about to unveil its bonanza scheme. On this approaching festive season bank has decided to offer various offser on auto loans and credit cards.

In the coming few weeks bank will launch the offers. However the reserve bank is not satisfied with the banks launching schemes with low interest only for the new customers.During the festival season between september to...

Posted 10:46:05 AM Complete Story | Post Comment | Read Comments(0)

Friday, September 12
Magma Fincorp planning to raise the Auto loan disbursal

Good news is lined up for the auto loan customers. The non banking Financial company Magma Fincorp has decided to improve and enhance the auto loan facilities in Andhra Pradesh.

The company is planning to increase its loan disbursal for cars and tractors. The company is having a network of 24 branches in state, through its network it wanted to focus more on the auto loans and help its customers. The company is...

Posted 11:11:01 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 10
Home loan and car loan campaign offering exciting offers: Karnataka bank

Private sector bank – Karnataka Bank has rolled out a campaign for the home loans and car loans. Since the festival season is approaching so the bank has decided to launch special attractive offers for the customers.

On 8- sept-14 the Managing director of the bank inaugurated the campaign at the bank’s head office. Along with the MD , Chief General Manager, Sri P Jairama Hande, the Senior General Manager, the General Managers- Sri...

Posted 11:20:05 AM Complete Story | Post Comment | Read Comments(0)

Thursday, September 4
OBC bank reduced home loan rates by 0.5%

Good news for the home buyer for the Oriental Bank of Commerce. The bank has slashed down the rate by 0.5%. Earlier the rate for the home loan was 10.75%, now it has been dropped down to 10.25%

. Bank has reported that irrespective of the loan amount the customers will get the loan at the rate of 10.25%. Prior to this recently the leading bank of the country has dropped down its rate by...

Posted 11:32:00 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, September 3
Festival Dhamaka for Corporation bank customers

On the occasion of the approaching festival season the corporation bank has planned to allure number of customers through its exclusive offer. The corporation bank is launching ‘Grand Festival Dhamaka’ on the home and auto loans. The bank will be offering exciting offers on auto, home loan and loans for medical and business professionals.

A special offer for the corporation bank customers, available till the month of December. Under the corp...

Posted 11:06:32 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, September 2
RBI asked banks to set time frame for sanctioning loan

The apex bank of the country – RBI has asked the banks to provide the time limit by which the loan amount will get sanctioned. The banks will now be responsible to completely clarify the details of loan borrowing to the customer.

The banks are supposed to implement these two things within 30 days. This is to ensure more transparency in loan approval process. Observing a number of complaints related to the delay in...

Posted 11:13:38 AM Complete Story | Post Comment | Read Comments(0)

Friday, August 29
Sundaram BNP Paribas Home Finance offering the home loans at lower rates

In order to improve the home ownership in the rural areas, a private home financing Company Sundaram BNP Paribas Home Finance, has decided to offer the home loans on exclusive rates to women and Schedule caste and schedule tribe people. The company will be offering the home loans at the rate of 9.60%.

The rate of interest will be fixed for the period of 7 years and after that floating rate will be applicable. For...

Posted 12:01:27 PM Complete Story | Post Comment | Read Comments(0)

Thursday, August 28
Corporation bank inaugurated new branch in New Delhi

Yesterday, Corporation Bank opened new Corp Excel branch at Karol Bagh in New Delhi. Chairman and managing director S.R Bansal of the bank inaugurated the new branch with well equipped and furnished e-lobby.

These new Corp Excel branches are built completely in accordance with the needs and comfort of the customers. The main feature of this branch is the E-lobby that offers the 24X7 self-service automation kiosks. The bank is planning to set...

Posted 11:17:30 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, August 27
Reduction in home loan rates by SBI

Good news lined up for the home loan buyers – The State bank of India has decided to cut down he home loan rates. The bank has reduced the rates by 0.15%. For the women the rate has been revised to 10.10% irrespective of the amount.

SBI reported that bank will be charging 10.15% interest rate on the home loans irrespective of the amount. Earlier for the loan up to Rs 75 lakh the...

Posted 12:06:21 PM Complete Story | Post Comment | Read Comments(0)

Monday, August 25
Rise in home loans

A renowned home loan lending company HDCF has reported that an increase by 23% is seen in home loan in first quarter of this year. Another housing finance company Sundaram BNP Paribas Home Finance has seen the growth by 15% i.e. Rs 4,413 crore as against Rs 3,847 crore during the same period last year.


The finance ministry has also announced special discounts for the home loans and increase in allocation under rural housing. The...

Posted 07:53:07 AM Complete Story | Post Comment | Read Comments(0)

Friday, August 22
Canara Utsav – Canara bank’s CSR responsibility

On a large scale banks are working for the social development of the society. The banks are taking up more activities as their corporate social responsibilities (CSR). Canara bank is one among them. As a part of the CSR canara bank has planned to support women entrepreneurs.

The bank has organized a three days Exhibition named – ‘ Canara Utsav’. In the products manufactured by women entrepreneurs will be displayed for the sale....

Posted 11:37:54 AM Complete Story | Post Comment | Read Comments(0)

Thursday, August 21
Affordable Home loans for underprivileged

It has been reported that home loans may went cheaper for the underprivileged section. Too curb with the problem of the home loan burden the govt. is introducing new interest subvention scheme. In this scheme govt. will be providing an interest subvention of 5% to the customers on the loan up to Rs 5 lakhs. Govt. is planning to make the housing cheaper and affordable to all. The final plan of the scheme is...

Posted 11:32:06 AM Complete Story | Post Comment | Read Comments(0)

Wednesday, August 20
New Centralized Hub of UBI bank in Kolkata

To make the loan processing smooth and speedy the United Bank of India has initiated a new centralized hub. The bank has set up this new hub in the Kolkata city which will assist in making loan clearing process faster.

The bank report stated that the hub will be offer convenient way of managing the housing and mortgage loan. This new centre was inaugurated this independence day by bank’s Executive Directors, Sanjay Arya and...

Posted 11:36:42 AM Complete Story | Post Comment | Read Comments(0)

Tuesday, August 19
Savings bank account campaign by Canara Bank

Canara Bank has recently rolled out a Savings Bank opening account Campaign. The bank organized this mega campaign across all its branches in the country. This Campaign has been started as predecessor of the Jan Dhan Yojna announced by Prime Minister Narendra Modi to be launched by the 28th of this month.

This campaign is the part of the banks the initiative to provide the banking accounts in all the households. The...

Posted 11:40:58 AM Complete Story | Post Comment | Read Comments(0)

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