The Karnataka High Court recently ruled that a bank cannot criminally prosecute a homebuyer for a builder’s breach of contract, but this does not mean the borrower’s obligation to repay the loan ends. Pritesh Bari v State of Karnataka involved a ₹39.92 lakh home loan from State Bank of India (SBI). The builder left the project incomplete, did not register the flat in the buyer’s name and resold it to a third party without clearing the loan. When can repayment pause? Continue to pay your equated monthly inst ...

What are the various fixed and floating interest rates on offer for home loans today? Let's take a comprehensive look at interest rates across banks and housing finance companies.–InstitutionLoan amountUnder Rs. 30 lakhRs. 30 to75 lakhRs. 75 lakh PlusBANKS (Floating rates)Axis Bank8.0-9.108.0-9.108.0-9.10Bank of Baroda7.40-9.157.40-9.157.40-9.15Bank of India7.35-10.257.35-10.257.35-10.25Bank of Maharashtra7.25-9.907.25-9.907.25-9.90Canara Bank7.40-10.257.35-10.257.30-10.15Central Bank7.25-9.07.25-9.07.25-9. ...