India’s top lenders, State Bank of India (SBI), Kotak Mahindra Bank, HDFC Bank and now ICICI Bank have reduced the interest on home loan rates. In addition to the all-time low-interest rates, there are various offers including discounts on processing fees or special benefits for women buyers to lure the home buyers. Mr. Pritam Chivukula […]
Tata Housing has announced a scheme. Under this, home buyers will have to pay 3.99 percent interest rate on home loan for one year. The company will bear the remaining cost itself to attract potential customers. The scheme is valid for 10 projects till 20 November. The company has said that under this scheme, customers […]
The Reserve Bank of India (RBI) has changed the rules for new home loans. Their purpose is to promote real estate sector. The central bank has decided to rationalize the risk weight on home loans with only LTV ratio. These rules will apply to all new housing loans to be held by 31 March 2022. […]
After taking home loan from any bank or financial institution, repaying its full EMI is a big relief. However, after paying EMI, you can be sure to complete the required work once. In fact, after home loan repair, you should get a NoC – No Objection Certificate. NoC is a type of certificate that shows […]
Although several repo rate cuts (the rate at which banks borrow from the central bank) was made by the Reserve Bank of India (RBI), lending rates have not witnessed a corresponding shift. Homebuyers, therefore, are often eager to know why this occurs, and how banks and housing finance companies (HFCs) charge interest rates. Below are […]
The real estate industry has urged the government to lower the interest rate on home loans to 7% and to raise the deduction of income tax on interest paid on housing loans to Rs 5 lakh to help revive demand after home sales rose by just 1% in 2019. The industry body National Real Estate […]
The affordable housing based lending arm of JM Financial Group (JM Financial Home Loans) proposes a five-fold increase in the next fiscal year’s loan book with a co-lending tie-up with the Bank of Baroda. Two years back, as part of diversifying of its developer financing business (JM Financial Credit Solutions, the joint venture with ex-Citi […]
By Abhay Shah, Realty Quarter As the property market is reckless, selling a residential apartment can be difficult. But certain factors like location, apartment design, and public transport can influence people to buy a property. This all factors are generally considered by a buyer, but the only factor which can ruin the deal is the […]
By Abhay Shah, Realty Quarter A senior finance ministry official said the government is proposing a fund that will provide guarantees to those who would otherwise not be entitled to a housing loan, enabling them to borrow funds to purchase a house. As part of a plan being formulated by the government to assist the housing […]
By Abhay Shah, Realty Quarter The Indian real estate market provides non-resident Indians (NRIs) a profitable investment opportunity. NRIs are also permitted to purchase property in India, through home loans, just like residents of India. But for NRIs and resident Indians, the rules on home loans are not the same. Therefore, key distinctions are essential […]
