I don't know if you have observed that they are among the few once to increase the interest rates, but when it comes to reduce the same they are among the last few. They are not good for their existing customers. I am thinking of moving away from India bulls.MoreLess
04th Jan 17 Indiabulls Housing Finance cuts home loan rates to 8.65 percent
Indiabulls Housing Finance has reduced its home loan rates by 45 basis points. The revised home loan rates for female borrowers for loan amount up to Rs. 75 lakhs now stands at 8.65 percent. Similarly, home loan rate for other borrowers is reduced to 8.70 percent as compared to 9.10 percent earlier. The new rates are effective from 3rd January, 2017.
28th Dec 16 Home loan seekers to cheer in New Year as mortgage firms likely to cut lending rates
Mortgage firms are likely to cut home loan rates by 25 to 50 bps to revive growth in their home loan business. Demonetisation has helped the mortgage firms such as HDFC, Indiabulls Housing Finance in raising cheap funds from the market via bonds and commercial paper. Lower cost of funds is expected to allow HFCs to cut their lending rates and hence, bring cheer for new home loan borrowers.
27th Nov 16 Indiabulls Housing Finance raises Rs 500 crore via NCDs
Indiabulls Housing Finance has raised Rs500 crore by issuing debentures on a private placement basis. The bonds, with a tenor of 2 years, will carry coupon rate of 8.30 percent (payable annually and at maturity)
05th Nov 16 Indiabulls home loan at 9.15 percent
Indiabulls Housing Finance has reduced its home loan rates to 9.15 percent for loan amount upto Rs. 75 lakhs. The new rates will be effective from 4th November, 2016. With this, Indiabulls Housing Finance home loan are now available at same rate as SBI home loan and ICICI Bank home loan.
25th Jul 16 Indiabulls Housing Finance Q1 net profit at Rs.630 crore
The company has posted a PAT of Rs.630 crore for the quarter ended June 30, 2016 , which is 23.21 % higher compared to first quarter previous year .Whereas the total income has increased to Rs.2597.4 Crore i.e. 28.3 % compared to first quarter previous year .
The Board of Directors of the Company has declared an Interim Dividend of Rs.9/- per equity share (on the face value of Rs.2 per share) for the financial year 2016-2017.
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