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22/07/2015

A lethal cocktail of high prices, drying up of bank lending and government efforts to reduce black money may combine to produce what many have anticipated -- in vain -- for long: a crash in realty prices in the country's metropolitan cities.

03/05/2013

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22/04/2013

Let’s strive together to make our Earth even more beautiful.

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21/04/2013

NGO to provide loans for bright, young entrepreneurs in need: A tiffin service started by a household cook, ho...

http://bit.ly/13pg1nb

A tiffin service started by a household cook, homemade nutritional supplements from a woman whose husband has HIV, eco-friendly products from a woman in rural Karnataka: all of these entrepreneurs are low-income people without collateral or land, reports Bhavya Dore.

16/04/2013

SBI domestic loans grow 21% in FY13, deposits up 15% -

http://www.moneycontrol.com/news/business/sbi-domestic-loans-grow-21fy13-deposits15_853665.html

India's largest lender the State Bank of India (SBI) expanded its domestic loans by 21% year-on-year to approximately Rs 9.17 lakh crore surpassing the 16% mark as projected by the Reserve Bank of India for the entire industry. Deposits too grew around 15% y-o-y to about Rs 11.30 lakh crore. However...

09/04/2013

We just don't provide Loans... We provide SOLUTIONS !!

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05/04/2013

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V Serve Loans is a team of High Profiled Experienced Consultants having one goal in life – CUSTOMER RELATIONSHIP.

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05/04/2013

We are empanelled with almost 37 banks worldwide and the count's still increasing...

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30/10/2012

It's Raining Incentives

SBI has halved its processing fee on home and car loans last week, while ICICI BankBSE -2.59 % reduced rates on housing loans. Similarly, many other banks also have either slashed interest rates or waived off processing fees on loans on both auto and housing loans.

ICICI Bank is offering floating rate home loans at 10.25% for ticket sizes under Rs 30 lakh and at 10.50% for amounts above Rs 30 lakh and up to Rs 3 crore until the end of the calendar year. The rate is around 0.25% to 1% lower than the normal rate on housing loans.

HDFC, too, has followed suit by reducing its rates. For loans of up to Rs 30 lakh, the effective rate is now 10.25%, while it is 10.5% for loans above Rs 30 lakh.

Vijaya Bank has also announced its festive scheme, valid till January 31, where it is charging between 10.5% and 11.5% on home loans. Interest rates on car loans, too, have been reduced by 30 basis points to 11%.

Similarly, Bank of BarodaBSE -4.92 % has slashed interest rates on home loans by up to 1.50% and auto loans by up to 1.75% in addition to waiving off processing charges. These concessions are on offer till November 30.

Union Bank of India's offer period — processing fee waiver for home and vehicle loans - extends till the Republic Day, January 26.

Corporation BankBSE -1.59 % is offering a concession of 0.25% on interest rate for vehicle loans, if the borrower avails of both home and car loans. It has done away with the processing fee as well. Both these offers will be valid only if the borrower applies for a loan before November 30.

Similarly, UCO BankBSE -3.59 % offers a 'combo' proposition to its borrowers taking both car and home loans, albeit in the form of waiver of processing fee on the latter.

The reduction in interest rates may be a reflection of a softening interesting rate scenario. In that sense the rates may remain lower or go down further even after the festive season.

However, the discounts on processing fees are available only for a limited period. For instance, SBI's reduction in processing charges will be valid till December 31. During the period, SBI will charge a minimum of Rs 1,000 and a maximum of Rs 5,000 as home loan processing fee.

30/10/2012

MUMBAI: Housing finance regulator National Housing Bank (NHB) today said there is scope for “further price wars” in the country’s housing mortgage space as demand continues to be robust.
The NHB expects housing loans to clip at 20 per cent in the current financial year compared to 17 per cent observed last fiscal, especially after looking at the demand in the first half.
“Going forward, we do not rule out further price wars amongst banks themselves and the housing finance companies also,” NHB chairman R V Verma told reporters at an event here.
Pointing to the signs of heightened competition, he said, some banks have lowered interest rates on housing loans, some have cut their base rates (the minimum rate of lending), while many have abolished/reduced processing fees.
“The demand for housing loans has been good and sustained and we are seeing a growth of close to 20 per cent this year compared to last year’s 17 per cent,” he added.
Retail lending so far has been showing signs of resilience amidst a slowdown in demand by larger borrowers due to the overall macroeconomic atmosphere.
A majority of banks are focusing on the retail sector now to overcome problems and deploy funds. Housing finance is a lucrative area for banks due to low incidences of stress, smaller ticket sizes etc.
Verma said banks account for 70 per cent of the overall lending in the housing finance. Housing Finance Companies (HFCs) constitute the rest.
On asked about how the HFCs will face the much larger in size banks in the market, Verma said HFCs have some inherent advantages like personalised services and quicker turnarounds, even though their cost of funds is high.
He said NHB will be able to meet its refinance target of Rs 17,000 crore for the July 2012-June 2013 period given the demand for housing loans and it has already disbursed Rs 3,500 crore to the bank in the first quarter ended September.
HFCs have explored newer sources of borrowings and the demand for loans will compensate for the higher cost of funds, he said.
To a question, Verma said the NHB is not considering increasing the capital adequacy requirement for HFCs from the current 12 per cent.

30/11/2011

Thanks a lot to all our V Serve fans... Here we come with the Facebook official fan page. :)

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