Page 5 - Home Loan

Bank of India reduces home loan rates by 15 bps to 8.3% till March 31

Public sector lender Bank of India on Tuesday announced a reduction in new home loan rates to 8.3 per cent from 8.45 per cent and fully waived off processing fees as a limited period offer till the end of this month. The bank claimed that at 8.3 per cent, it has the lowest rate among its peers. For SBI and HDFC Bank, which are the industry leaders, the lowest rate begins at 8.4 per cent. The offer is valid up to March 31, it added. The bank also said it is offering special financing for rooftop solar panels at 7 per cent interest rate and with no processing fee. At 8.3 per cent, a 30-year tenor home loan will have a starting EMI of Rs 755 per month per lakh. The loan package is further enhanced with an overdraft facility, providing a flexible and comprehensive financial support system for homebuyers, it said. Besides covering home construction, renovation and furniture, its home loan offering broadens its scope beyond traditional financing to promote clean and renewable energy ..

Banks like Bank of India, HDFC offer lowest home loan interest rates

Take a look at the interest rates offered by leading banks and the projected monthly installments for a home loan

BS IMLC: 'There's a need for re-look at affordable housing definition'

Cost of finance to housing firms is a concern, considering the inherent risks in the industry, said Adhikari

Consider consequences before stopping EMI

The National Commission observed that once proceedings before the Debt Recovery Tribunal were completed, Ahmed could file a fresh complaint if a deficiency in service existed

High-value home loans: Enhance your credit score to boost eligibility

Engage a property lawyer to carry out title and other checks for smooth approval

Realty reality: Will luxury housing in India lose its sheen in 2024?

Luxury housing in India witnessed a record-breaking year in 2023 as the sales of such homes touched an all-time high. Now, is the demand for these costlier homes likely to continue in 2024 as well?

Home loans' share of retail segment decline to 47.2% in Nov, shows data

Unsecured loans extended by banks at Rs 15.35 trillion

65% Indians looking to buy a home in 2024: NoBroker Annual Report 2023

The contributing factors include narrowing the gap between rents and EMIs, increase in affordability and security of owning a home

8.35% interest, discounts on processing fee: Cheapest home loans right now

With interest rates as low as 8.35 per cent and up to a 50 per cent discount on processing fees, it might be the perfect time to consider taking out a loan

Capitalise on festival offers for loans, but heed other conditions too

Loan amount, tenure and prepayment conditions must also suit you

A snapshot of home loan rates offered by various banks and HFCs

Here is how the home loan rates offered by various banks and HFCs stack up

Caution investors: Excess supply of properties could erode returns

The COVID pandemic sparked the desire among people to upgrade their homes both in terms of size and facilities

Urban Money aims to facilitate Rs 30,000 cr home loan disbursement in FY24

Urban Money, fintech arm of Square Yards, on Monday said it expects to facilitate home loan disbursement of Rs 30,000 crore during the current financial year. Urban Money, currently operating from 250 cities, facilitated the disbursal of about Rs 15,370 crore in the last fiscal year through various channels, including banks, housing finance companies, and non-banking financial companies (NBFCs). Facilitating a home loan mortgage transaction involves navigating complex valuation decisions, extensive documentation, and stringent regulations, besides having deep expertise in the real estate value chain, the company said in a statement. "We identified this fundamental gap in 2019 and cracked this space in last four years emerging as the largest mortgage marketplace in the country," Square Yards founder CEO Tanuj Shori said. Urban Money offers a streamlined home loan experience through its tech platform, digitizing the entire mortgage process, including AI-based credit assessments and .

HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio falls

The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago

Residential sales in India poised to breach decadal high this year: CBRE

Led by demand for homes priced between Rs 1 crore and Rs 1.5 crore, the sale of 300,000 units this year is expected to be much higher than the five-year average of 187,000 units

Reduce uncertainties of home purchase with a competent, professional broker

Professional certification and experience can boost the odds of finding the right individual

Scheme for relief on home loan interest to be launched in September

The scheme to provide relief in interest on bank loans for those dreaming of their own house in cities will be launched in September, an official of the Union Housing and Urban Affairs ministry said on Thursday. Addressing a press conference, Minister Hardeep Singh Puri said the modalities of the scheme are being worked out. "The scheme to provide relief in interest on bank loans for those looking to own houses in cities will be launched in September," Union Housing and Urban Affairs Ministry Secretary Manoj Joshi said. During his Independence Day speech, Prime Minister Narendra Modi announced the scheme for middle-class families who live in cities but do not own a house. "Middle-class families are dreaming of their own house in cities. We will soon launch a scheme for them. "We have decided to give relief in bank loan interest by providing a help of lakhs of rupees to families living in rented houses, unauthorised colonies and shanties in cities, to build their own house," Modi h

Compare Home Loan Interest Rates to Pick the Best Tenure for You

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HDFC Bank wants to ride India consumer boom after home loan dominance

The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha

Switch if you can find 50 bps cheaper home loan; lock into current FD rates

Some lenders have lowered their rates over the past couple of months by reducing their spreads