LIC Housing Finance (LIC HFL) has reduced its interest rates with immediate impact for individual home loan borrowers, the firm said in a media release. For any amount of loan, the interest rate for new customers with CIBIL score of 800 or more is 7.5%. If the customer assigns new/existing single premium term insurance policy […]
LIC Housing Finance cuts its housing loan rates to 7.4%.more
The Reserve Bank of India joined the huge battle on March 27 with a host of steps aimed at mitigating the harm from Covid-19 a day after Modi govt started his economy rescue in right earnest with a Rs 1.70 lakh crore coronavirus counter. Those steps come just hours after Moody’s Investors Service reduces India’s […]
Reserve Bank of India puts hold on Housing Loan EMI’s for the next three months.more
Indiabulls Housing Finance said on Sunday that Yes Bank owes Rs 662 crore as bonds to the firm and does not have any term loans pending from the lender. “We wish to notify that Yes Bank via additional Tier 1 (AT-1) bonds owe to Indiabulls Housing Finance Rs 662 crore,” the report said in a […]
The striking claim of Indiabulls Housing on Yes Bank for Rs 662 crore.more
The next possible extension of the Date of Commencement of Commercial Operations (DCCO) of commercial real estate project loans by one year without downgrading asset classification may be allowed in a financially sound Non-Banking Finance Companies NBFCs and Housing Finance Companies (HFCs). Official sources stated that, following the recently concluded meeting of the Monetary Policy […]
NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.more
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
Budget 2020 has given the real estate industry and the common man many surprises. Many demands were anticipated from the real estate sector in the 2020 budget, but only a few received the attention of the minister of finance. Let us check some of the main budget announcements and their effect on the real estate […]
Budget 2020: How it will benefit the real estate segment?more
Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan, 46 years old, has been arrested and brought before the specified PMLA court by the Enforce Directorate (ED), under the Prevention of Money Laundering Act (PMLA) and held under the custody of the ED until 29 January 2020. The court accepted the Agency’s claim that Wadhawan’s remand […]
Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.more
To provide a booster to the property market, on January 8, India’s leading lender, State Bank of India, has unveiled a guarantee scheme for home buyer funding whereby, if the developer fails to deliver the house within a predetermined time, the lender will reimburse the entire amount of the principal. Until the occupation certificate is […]
State Bank of India initiates Home Buyer Finance Guarantee Scheme.more
More than 500 properties worth over Rs 800 crore located in Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad will be sold through digital auction by the public sector bank India Overseas Bank (IOB). On 21 October 2019 and 30 October 2019, the mega e-auction will take place. For the e-auction, the public sector bank has associated with […]
IOB will e-auction more than 500 properties spread across different cities.more
By Abhay Shah, Realty Quarter It becomes difficult for a person to relocate to a new city in a rental flat. Apart from the rent price in a metropolitan city, there has been a situation where people can’t afford to pay for a rental deposit. People are getting an opportunity to make their career in […]
Get a security deposit loan for renting a flat.more