Wednesday December 10, 2014
Axis Bank on Tuesday launched a 20-year home loan scheme at a fixed rate of 10.40 per cent for loans of up to Rs 50 lakh.
Thursday November 27, 2014
The Reserve Bank of India (RBI) has eased norms to fund low-cost housing by permitting banks to extend loans against long-term infrastructure bonds.
Saturday November 22, 2014
With inflation taming on the one hand and the sluggish growth rate on the other, the RBI is under pressure to cut short-term interest rates when it reviews its monetary policy on December 2nd. While interest rates, growth rate and inflation are words...
Sunday October 26, 2014
After it waived off the processing fee late September as part of its festive offering, the bank is disbursing close to Rs 200 crore home loans every day.
Sunday December 14, 2014
Till about a couple of years back, one had reason to be worried about the prepayment of one's home loan because of the costs involved. But that does not hold true any longer, with the RBI having directed banks and financial institutions to do away wi...
Monday October 13, 2014
Tata Value Homes, a wholly-owned subsidiary of Tata Housing, on Monday launched an exclusive e-commerce platform to sell flats and is eyeing up to Rs 1,000 crore revenue by financial year 2015-16.
Monday November 3, 2014
Many of us often take payments for granted on having achieved a healthy Cibil score. But credit score algorithms do not understand human nature. To demystify this concept, discussed here is the impact of a small payment miss on your Cibil score.
Saturday October 11, 2014
Shweta Kohli has always paid her own way. Her straight-A average won her a full scholarship to San Francisco State University at the same time she worked a 40-hour week as a waitress at a cafe. But when she applied for a credit card after graduation,...
Thursday October 9, 2014
Muthoot Finance has launched a new scheme to finance margin money needed to avail of home loans. As per norms, a home loan borrower has to contribute 20 per cent margin money (equity) to avail a housing loan for up to 80 per cent of the property's va...
Sunday September 14, 2014
In order to obtain a good Cibil score you need to maintain a good credit history, the details of which will show up in your Cibil report. The Cibil score can therefore be compared to a grade or a rank based on how you have been servicing your credit.
Wednesday September 3, 2014
Oriental Bank of Commerce (OBC) on Wednesday cut home loan rate by 0.5 per cent to 10.25 per cent.
Monday September 1, 2014
Banks are rolling out attractive offers to woo customers in a bid to cash in the upbeat sentiment during the upcoming festive season. Bankers say demand for consumer loans has started to grow since the formation of a strong government at the Centre i...
Friday October 24, 2014
When the stakes are so high, it is bound to affect us, we do get nervous, but also excited at the same time because buying a home is a big achievement too.
Tuesday August 26, 2014
In order to increase business in the festival season, Punjab National Bank (PNB) on Tuesday said housing loans of up to Rs 2 crore will attract an interest rate of 10.25 per cent and also announced full waiver of processing fee and documentation char...
Tuesday August 26, 2014
State Bank of India (SBI), the country's largest lender, on Tuesday slashed home loan rates by up to 0.15 per cent and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.
Tuesday August 5, 2014
Rupa Rege Nitsure, chief economist at Bank of Baroda says Governor Raghuram Rajan is giving a clear signal that one should not expect any monetary policy easing in a fairly long period of time because while RBI is confident that it will attain inflat...
Thursday July 24, 2014
The report noted that conservative lending standards and stable interest rates are crucial to the performance of home loan portfolios.
Cities | mid-day.com | Monday July 21, 2014
Shubhangi Ivalekar has tears in her eyes and a dazed look on her face that betrays several haunting questions on her mind how will she repay the home loan, how will she raise her two daughters?
Wednesday July 16, 2014
EMIs on home loans are expected to come down by 8-10 per cent following the recent move by Reserve Bank of India to ease norms for banks to raise long-term funds for financing affordable housing projects, consultancy KPMG said on Wednesday.
Wednesday July 16, 2014
The Reserve Bank has also changed the definition of affordable housing to factor in rising property prices and inflation. In the six metros, property valued up to Rs 65 lakh will qualify for housing loans up to Rs 50 lakh under priority sector lendin...