Tag: #Home Loan

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.

July 4, 2023

MUMBAI: According to the Reserve Bank’s most recent Financial Stability Report (FSR), the share of residential home loans in total advances has risen from 8.6% in March 2012 to 14.2% in March 2023. It also said that the housing sector is prospering, with sales growing by 21.6% in the fourth quarter of 2022-23 (January-March). In […]

In 11 years, the share of home loans in total advances has risen to 14.2%, according to an RBI data.more

Budget 2023 is expected to provide a boost to the real estate industry.

February 1, 2023

NEW DELHI: One of the most pressing requests from the real estate industry for the upcoming Budget of 2023 is a reduction in home loan rates. With this being Prime Minister Narendra Modi’s final budget before the primary elections in 2024, there are high hopes. According to Samyak Doshi, director of Bhoomi Group, there should […]

Budget 2023 is expected to provide a boost to the real estate industry.more

LIC Housing raises lending rates by 0.35%; home loans will now cost 8.65%.

December 27, 2022

MUMBAI: LIC Housing Finance, like its peers, raised its lending rate by 0.35 percent. The move, which comes a week after a similar increase by bigger rival HDFC, means that the minimum rate of interest for the best-rated borrower will be revised to 8.65 percent. The company said in a statement that it has raised […]

LIC Housing raises lending rates by 0.35%; home loans will now cost 8.65%.more

Ludhiana residents are fighting for NOCs, and a building plan has been approved.

November 16, 2022

LUDHIANA: Despite several claims made by municipal corporation (MC) officials here, people continue to struggle to obtain no-objection certificates (NOCs) for plot regularisation, building plan approvals, and change of land use certificates. Building construction is prohibited without building plan approval, and NOCs are required for the sale or purchase of any property, particularly in unauthorized […]

Ludhiana residents are fighting for NOCs, and a building plan has been approved.more

SBI’s home loan book has surpassed Rs 6 lakh crore.

October 13, 2022

MUMBAI: The country’s largest lender, State Bank, announced on Wednesday that its home loan book has surpassed Rs 6 lakh crore, making it the industry’s largest. To commemorate the occasion, the bank also announced a holiday promotion for home loan buyers, which includes a 25 basis point discount on interest rates starting at 8.40% and […]

SBI’s home loan book has surpassed Rs 6 lakh crore.more

India Post Payments Bank and LIC Housing partner to sell home loans

September 7, 2021

According to a statement issued on Tuesday, India Post Payments Bank (IPPB) has partnered with LIC Housing Financing to market the latter’s housing finance products to its 4.5 crore clients. According to the announcement, IPPB would make LIC Housing Finance Ltd’s (LICHFL) home loan products available to its clients across India through its robust and […]

India Post Payments Bank and LIC Housing partner to sell home loansmore

Home loan interest rate reduced to 15-year low, will real estate be able to recover from recession?

March 13, 2021

When searching for a home, home buyers consider the interest rate of the home loan the most. In the last one year, home loan interest rate has come down to a 15-year low of 6.6 per cent. At such low rates, home loan interest rates seem attractive even to a casual observer. Therefore, this may […]

Home loan interest rate reduced to 15-year low, will real estate be able to recover from recession?more

Reactions from Real Estate Experts on reduction in home loan interest rates by leading banks

March 9, 2021

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 […]

Reactions from Real Estate Experts on reduction in home loan interest rates by leading banksmore

After the EMI of the home loan is completed, do not mistake it accidentally, do this job.

October 7, 2020

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 […]

After the EMI of the home loan is completed, do not mistake it accidentally, do this job.more

How to calculate interest rates on a home loan?

February 10, 2020

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 […]

How to calculate interest rates on a home loan?more

Tag: #Home Loan

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