ING treats home-loan borrowers with rate cuts

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 · He said variable home loan borrowers should be paying a rate in the low to mid three per cent range. But borrowers should expect more cuts, with many economists tipping another RBA drop in July or.

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Bankwest, and BlueBay Home Loans recently cut rates by up to 20 basis points, reduced investment loan loadings for low documentation loans and boosted features for borrowers who might.

ING last night confirmed that it will cut variable rates for new owner-occupiers, but appears to be backing away from extending relief to existing borrowers and new investors. In an email sent to mortgage brokers last night, ING said it was lowering rates on principal and interest home loans to new owner-occupiers by 0.17 per cent from today.

Good news for home loan borrowers as ICICI Bank has cut its home loan rates by 30 bps for up to Rs 30 lakh for new borrowers. With this reduction, salaried borrowers can avail home loans at among.

RAMS Home Loans said it would cut its variable home loan rate by 0.9 of a percentage point to 8.39 per cent, effective October 13. RAMS also said its rate relief home loan offered new borrowers a further 1 per cent discount on new standard variable rate loans for the two years of the loan to 7.39 per cent .

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In good news for the home loan borrowers, the State Bank of India (SBI) has slashed its marginal cost lending rates by 5 basis points. The new rate, that is effective from today, has come after a.

As for old home loan borrowers, they still have to pay a higher rate on their home loans. "Even today there are some old borrowers who are paying an interest rate of 12.5% on their housing loan. But today a new borrower can get a housing loan even at 10.5-11%, which is 1.5-2% cheaper," says VN Kulkarni, chief counsellor with the Bank of India-sponsored abhay credit counselling centre.