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
31st Jan 17 Indiabulls Finance achieves a reasonable growth across its various loan portfolios during the third quarter of FY17
Indiabulls Finance has reported a decent growth across its various loan segments including commercial loans, home loan and loan against property during third quarter of FY17 as compared to third quarter of FY16. Portfolio of individual home loan and loan against property has grown by 35 and 20 percent respectively during the quarter on year on year basis.
23rd Jan 17 Indiabulls Housing Finance reduces home loan interest rate for existing borrowers
Indiabulls Housing Finance has reduced its home loan interest rate for existing home loan borrowers by 15 basis points. The revised floating rate of interest for home loan now ranges between 8.90 to 10.50 percent for different borrowers. The new rates will be effective from February, 2017.
21st Jan 17 Indiabulls registers a growth of 25 percent in its net profit for the third quarter of FY 17
Indiabulls Housing Finance reported a growth of 25 percent in its net profit to Rs. 751 crore for third quarter ending on 31st December, 2016 as compared to Rs. 602 crore for the corresponding period a year ago. The growth in profit has been contributed by a healthy growth in volume of loan disbursements across various loan types including affordable housing loans and loan against property.
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.
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