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LIC Housing Finance Ltd will roll out a completely fixed interest rate home loan product next month, according to Mr V. K. Sharma, the company’s Director and Chief Executive. “The product is ready. There is a possibility of interest rates going down. We plan to fix interest rate after the Reserve Bank of India’s policy […]

Godrej Properties signs MOU with ICICI Bank Godrej Properties Ltd, the real estate development arm of the Godrej Group and ICICI Bank, India‟s largest private sector bank, signed a Memorandum of Understanding (MOU) on extending their projects and financial services to customers in various geographies. Under this tie-up both entities will host various co-promotional activities […]

The third largest private lender Axis Bank today said it is working towards taking its retail loan-book to 30 per cent of the total assets over the next three to four years, as it sees the retail loan segment as a large market opportunity going forward. “We want to increase the share of our retail […]

The unyielding attack on interest rates in a bid to rein in runaway prices is elastic results: the demand for vehicle loans has come down. The growth rate of Car loan volumes have almost halved so far in 2011-12 compared to the same period last fiscal,RBI. While vehicle loans disbursed by banks in April to […]

Fixed-rate home loans are the flavour of the season. Last week, HSBC India launched a fixed-rate home loan and loan against property product. Prior to this, Axis Bank home loan had launched in October 2011. But unlike the Axis Bank’s rate which was fixed for the entire loan tenor, HSBC home loan with fixed rate […]