Page 4 - Home Loan

EMIs set to fall: PNB, Bank of Baroda, RBL Bank cut retail loan rates

The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday

Budget 2025: Why scrapping home loan tax benefits could hurt the common man

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny

Budget 2025: Will home loan relief become a reality? Experts weigh in

The affordability of home loans depends heavily on fiscal policies and potential relief measures in Budget 2025

IMGC, GIC Housing partner to offer mortgage guarantee-backed home loans

India Mortgage Guarantee Corporation (IMGC), has announced a partnership with GIC Housing Finance Ltd (GICHFL) to offer innovative mortgage guarantee-backed home loan products. This strategic collaboration aims to introduce innovative mortgage guarantee-backed home loan products to prospective salaried and self-employed home loan customers, specifically designed to enhance accessibility and affordability in the growing housing finance sector, a joint statement said on Monday. By combining IMGC's expertise in mortgage guarantees with GICHFL's extensive network, the partnership will enable it to offer more flexible and secure home loan products to a wider range of borrowers, it said. Mortgage guarantee as a product plays a crucial role in helping lender partners foray into responsible lending with minimal risk and helping home buyers fulfill their dreams of owning a home through higher eligibility and lower equated monthly installments, it said. Speaking on the partnership, IMCG Chie

Lenders must offer fixed-rate products for EMI-based loans, says RBI

While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans

Buying a home? Explore the best loan rates in January 2025

Terms vary and are influenced by several factors including your creditworthiness, loan amount, profession

Looking to buy a new house? Here are the best home loan rates this year

Here are various home loan rates from various public and private sector lenders

Reducing home loan: Switch to lower-cost loan if credit profile improves

Until repo rate cuts begin, borrowers can explore other options to lower their home loan burden

Single table to know home loan rates and terms of various companies

Home loan interest rates are currently at or near peak levels

Most urban Indians aspire to own homes, prefer home loans: Report

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

Buying a home? Explore the best loan rates offered by banks

Terms vary and are influenced by several factors including your creditworthiness, loan amount, profession

RBI allows home loan disbursals sanctioned before Oct 20: Navi Finserv

Sachin Bansal's Navi Finserv, which has been barred from giving fresh loans, on Tuesday said the Reserve Bank has allowed it to make scheduled home loan disbursals sanctioned before October 20. Earlier this month, the RBI had ordered Navi Finserv to cease and desist from sanctioning and disbursing loans effective from the close of business of October 21 on material supervisory concerns, including usurious pricing. "The Reserve Bank of India (RBI) has allowed Navi Finserv to start making scheduled home loan disbursals, sanctioned before October 20, 2024. The permission has been provided until December 31, 2024," the Bengaluru-based firm said. It further said the decision offers substantial relief to many homebuyers whose home loans were sanctioned before the regulatory action by the RBI and who are awaiting their already scheduled disbursals. Besides Navi, the central bank had put similar restrictions on three other NBFCs -- New Delhi-based DMI Finance Private Limited, Kolkata-based

Festival offers on home loans: Avoid teaser rates that reset after months

Compare offers from various lenders on criteria like interest rates, processing charges, tenure, discounts, repayment flexibility

Real deal about festival home loan offers; starting marathon running

This week we report about how to review a discount home loan and what you need to take up running

Housing finance firm WEAVER acquires Capital India Home Loans for Rs 267 cr

The company will raise up to Rs 800 crore from private equity funds to finance the acquisition and fuel its expansion plans

Planning to buy a home? Explore the best loan rates offered by banks

Interest rates depend on the customer's creditworthiness, loan amount, professional background, among other factors

Paying off home loan or making an investment: Which is a better option

Younger people may invest for they have a longer time horizon, while those nearing retirement might focus on debt reduction

Home loan origination volumes decline 9% in June quarter, says report

Home loan originations dropped 9 per cent in the June quarter, according to a report released on Monday. From a value perspective, quantum of home loan originations was at par with the year-ago period, the report by credit information company Transunion Cibil said. The outstanding balances on home loans grew only 14 per cent during the quarter, making it the slowest growth across all categories which constitute retail lending, the report said. Interestingly, the decline in origination volumes and the sluggish growth in outstanding balances came at a time when the incidence of non-payment of loans reduced during the quarter, the report said, pointing out that the advances overdue for over 90 days stood at 0.9 per cent in June 2024, showing a 0.32 per cent improvement. "India's retail credit growth moderated in the quarter ending June 2024 as financial institutions tightened the supply of credit, particularly on consumption-led products like credit cards, consumer durable loans and .

A place of your own: How to decide about buying a home in a big city

More and more Indians are buying apartments rather than living on rent

Madras High Court judge disputes home loan repayment; SBI seeks transfer

The dispute stems from a home loan taken by the Madras High Court judge for a partially constructed property that was later demolished