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Home loan news cannot be categorized as a home loan article. Home loan news is usually found online, on general home loan websites. Home loan news can also be found in economic magazines, leaflets and newspapers. Such news is usually in the format of property loan news and updates on home loans. This type of home and property loan news is designed to keep the general public abreast of latest happenings and developments in the home loan market. At the same time, this news also aims to inform the reader of latest updates on home loans about interest rates, EMI schedules, required documentation and tax benefits.

In recent times, there has been a sharp dip in home and property loans alike. Banks such as Dena Bank, HDFC and ICICI have remarked that the rising property prices had primarily attributed to the public hesitancy and apprehension. But, home loan news sites later revealed that the fall occurred due to rising interest rates. Rise in home loan rates severely affected the housing sector as their growth has fallen to 26.6 percent in 2006-07 from 29.1 per cent in 2005-06. Notably, the interest rates on home loans rose from 7 per cent to 12-14 per cent in the past 5-years that made the lending largely unaffordable. On the other hand, property loan news sites suggest that estate prices have almost doubled in most parts of the Western India while the same holds true with the Northern and Southern part of the country as well.

A side effect has been that major Indian banks have decided to cut their losses. The recent updates on home loans showed that today very few banks in India offer unsecured personal home loans. In fact, international and national banks such as Bank of Baroda and Bank of India has decided to reduce the number of home loan benefits to NRI. ICICI Bank is organizing property symposiums in Delhi to keep people abreast of all property loan news. It was further concluded that an applicant could not change the rate of interest on a home loan application once approved. This meant that now home loans are restrictive in nature. An applicant cannot change from a fixed rate of interest to an adjustable rate of interest if his or her financial status is in jeopardy. Corporation Bank, an Indian bank in public sector, has brought a drop in its floating home loan rates by a quarter per cent.

Another recent update on home loans has been the increase in the EMI schedule. This had an adverse effect on insurance companies as more home loan applicants are dipping into insurance savings to pay off their EMI. State Bank of India which is the largest bank in India, is considering revising the equated monthly installments (EMIs) on its home loans as interest rates have risen up by more than two percent in one year. Right now, property loan news depicts a dismal picture of high and stringent interest rates. People are staying away from home loans.