RBI's new guidelines have given the domestic scheduled commercial banks a big fillip in their branch opening plans. As per the new guidelines, domestic scheduled commercial banks do not need explicit permission(license) to open new branches in cities with less than 50,000 population.
what this means for some of the banks
- PNB can open 440 more branches this year without bothering about RBI approval
- UCO plans to open 140 branches this year but would need licenses for only 89

Clearly, RBI wants the financial system to reach smaller towns & cities and this would be a big step in that direction.

The Home Loan market is getting hotter with each new scheme launched by the biggies in the space. And it seems the dual rate game is here to stay.

Axis bank has just launched ‘Power Advantage Home Loan’ scheme- wherein customers can lock in their home loan rates at 8.25 per cent for the first two years followed by a floating rate.

HDFC has followed SBI in launching a dual rate offer for Home Loans.

SBI had offered- 8% for 1st Year | 8.5% for 2nd & 3rd years | From 4th year the consumer had a choice between fixed & floating (SBI's floating rate is 275 basis pts beloe its benchmark rate)

Now HDFC has come into the market which sounds very similar- fixed rate of 8.25% till March 2012 and then a floating rate which is 500 basis points below the PLR.

HDFC had made a lot of noise about the SBI scheme when it was launched. They had attacked the scheme as being opportunistic and a sure shot path to higher default ratio in the portfolio.

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HDFC BANK LOAN AGAINST PROPERTY

Loan against property is a secured form of loan and can easily be provided by the banks. If you have property on your name and you need a large amount of cash to expand your business, or for wedding purpose

HDFC bank helps to provide you the loan at attractive rate of interest with its unique features & benefits.

Do find attached the Loan Against Property Rates (according to our research) for April 2009.

BEST LOAN AGAINST PROPERTY RATES APRIL 2009

Disclaimer: The actual rate(s) offered to you might differ from the ones quoted here. The above information has been collected from market sources and the authenticity of the same is not guaranteed by Deal4Loans.

ICICI Loan Against Property|Icici lap

Loan Against property is the ideal line of attack to use your property in many ways. It is the perfect way to fulfill your aspirations.
ICICI Home Finance Loan Against Property helps you to fund at your disposal by providing you a loan against the security of your accessing property with lesser interest rates & with a contended pay back period.

Features :

• Attractive Interest Rates.
• No fee on part prepayment.
• Insurance options at attractive premium.
• Service at your Doorstep.

HDFC BANK LOAN AGAINST PROPERTY

HDFC BANK brings to you Loan Against Property (LAP). You can now take a loan against your residential or commercial property, to increase your business, plan a dream wedding, and fund your child's education and much more.

1. Loans from Rs. 2 Lacs onwards depending on your needs.
2. Borrow up to 50% of market value of the property.
3. Give to choose between an EMI based loan or an Overdraft - We also offer to you overdraft against your self-occupied residential or commercial property and you save money by paying interest only on the amount utilized
4. High tenure loans for ease of repayment.
5. Attractive interest rates.
6. Simple and speedy processing.

ICICI Bank is the second amongst all the companies listed on the Indian stock exchanges in terms of free float market capitalisation. The Bank has a network of about 1,308 branches and 3,950 ATMs in India and presence in 18 countries.

The bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.