By Realty Quarter Bureau HDFC, the country’s largest housing finance company, has increased home loan rates by up to 20 basis points (100bps = 1 percentage point). It said the revision follows an increase in the cost of funds from last year. Most of the bank’s customers would be affected only marginally. Interest rates on loans up […]
By Realty Quarter Bureau India Mortgage Guarantee Corporation (IMGC) signed an MOU with State Bank of India to offer mortgage backed home loans. “This tie-up will enable us to improve housing loan volumes in non-salaried segment,” said PK Gupta, MD (Retail & Digital Banking), SBI. The bank will offer the said home loan to non-salaried and self-employed customers. “Taking such […]
By Realty Quarter Bureau The ‘Dena Retail Loan Carnival’ will offer loans in the range of 8.25 per cent – 9 per cent from November 16, 2017 to December 31, 2017 State-owned lender Dena Bank today announced to offer home loan at 8.25 per cent, leaving behind industry leader SBI in terms of the cheapest loan rate offered by any player. […]
MUMBAI: According to a top official on Monday, LIC Housing Finance wants to more than quadruple the percentage of affordable housing loans in its loan book to 20–25 percent over the next two years. Due to internal reorganization and management changes, the insurance giant’s home financing division saw a slower rate of loan growth in […]
NAMAKKAL: A man has been ordered by the Namakkal District Consumer Disputes Redressal Commission (NCDRC) to receive Rs 25,000 from ICICI Home Finance for the three years that the company neglected to execute his loan application. In January 2019, R Murugesan, 46, a resident of Kothur near VG Patty in the district and a worker […]
On February, the Reliance Home Finance Company, which is owned by Anil Ambani, defaulted to repay Rs 40.08 crore loan, it reported in a regulatory filing on March 10. The company has some Rs 700 crore funds in the form of liquid mutual fund investment, it said. “However the delay in debt servicing is due […]
By Realty Quarter Bureau Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve Bank said, on June 19, 2018. PSL loans are relatively cheaper than market interest rates. “With a […]
BENGALURU: A consumer court has recently ruled against CanFin Homes Ltd, a housing finance company, for failing to return the property documents to a Bengaluru resident despite him having fully repaid his loan. The court has ordered the company to hand over all the documents and also compensate the borrower with over Rs 1.3 lakh. […]
AHMEDABAD: With the dramatic increase in home loan disbursals and the number of applicants, many people in the state are starting to fulfill their dream of owning the house of their dreams. D emand for homes in both the budget and luxury categories has been fueled by rising disposable incomes and increased aspirations. According to […]
To expedite the resolution of cases, the Uttar Pradesh Real Estate Regulatory Authority (UP RERA) began a pre-hearing review of complaints on Monday. Homebuyers and promoters can file complaints through the e-courts facility provided by UP RERA. On December 2, 2023, it released updated standard operating procedures (SOP) for the submission, review, and hearing of […]
