Page 9 - Home Loan

Renegotiate home loan terms after borrower's death, say analysts

If heir provides guarantees, lender may ease repayment schedule

A snapshot of home loan rates offered by various banks with details

Here's how the home loan rates offered by various banks stack up

Minor rise in interest rates won't impact home loan demand: Deepak Parekh

Says rates are at historic lows now; a housing loan is a long-term loan during which rates move up and down and a customer who wants a house won't hold back just because they are rising currently

Suffered income loss? Opt for an interest-only home loan facility

Remember the reprieve you earn from paying full EMI comes at a price

LIC Housing or IDBI will stop home loan business by Nov 2023: LIC IPO DRHP

Housing finance will be conducted only by one entity, the insurer said, in the draft red herring prospectus (DRHP) for its initial public offering (IPO)

IIFL Finance Q3 profit up 15% at Rs 310 cr backed by home, gold loan biz

IIFL Finance on Friday reported 15 per cent increase in net profit at Rs 310 crore for December quarter 2021-22, backed by growth in home and gold loan businesses. The company had logged a net profit of Rs 269 crore in the year-ago period. Total income during the period under review rose to Rs 1,071 crore from Rs 919 crore in the year-ago quarter. IIFL loan assets under management grew 11 per cent year-on-year driven by sustained growth in home loan and gold loan businesses, the company said in a release. The non-banking financial company said it has a liquidity comfort at an all-time high at Rs 9,145 crore, which is adequate to meet not only all near-term liabilities but also to fund the growth momentum. "Our annualized ROE (return on equity) remained above 20 per cent and ROA (return on assets) above 2.5 per cent. With ongoing expansion, operating cost grew 9 per cent quarter-on-quarter," it said. As of December 31, 2021, the AUM of the company stood at Rs 46,780 crore, with ho

Take a home loan before March 31 to avail benefit under section 80EEA

A key positive of this deduction is that you don't have to wait until possession to begin claiming it

With interest rate hikes likely in 2022, keep loan-to-value at minimum

Don't opt for a fixed-rate home loan even though rates have hit the bottom

A snapshot of home loan rates offered by various banks with details

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

Bank of Maharashtra slashes retail lending rates by up to 40 bps

The Pune-based lender's outstanding home loans stood at Rs 19,112 crore as of September 2021

Chinese banks quicken home loan disbursement but caution prevails

Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales

What are BPLR and MCLR, and how do they impact your home loan rates?

If you are planning to take a home loan from a bank, BPLR and MCLR are some of the terms you would come across. What are BPLR and MCLR and how do they impact home loan rates? Let's take a look

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

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

India Post Payments Bank teams up with HDFC for offering home loans

A Memorandum of Understanding (MoU) on the strategic alliance was signed between IPPB and HDFC Ltd on Monday.

Points to remember before buying a house this festive season

Experts say this is a good time to buy a house for self-use. In this Podcast, we talked about things which will help you make the right purchase decision

Improved affordability, lowest-ever interest rate pushing home loan demand

Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of the COVID-19 pandemic. In some cases, the interest rate on home loans is as low as 6.5 per cent. Asked about the likely impact of its decision to cut mortgage rates for the festive season on home loan disbursals, HDFC Managing Director Renu Sud Karnad said the lower interest rate does help but it is just one of the many variables for the pick-up in demand for home loans. "Housing today is much more affordable than it ever was. In the last couple of years, property prices have more or less remained the same across the country while income levels have gone up," she noted. Karnad further said people

Bajaj Finserv cuts home loan interest rate to 6.70% per annum

The rate of interest for salaried and professional applicants now starts from 6.70%* p.a. - 0.05% down from the earlier 6.75%* p.a.

State-run Bank of Baroda reduces home loan rates by 25 bps to 6.5%

State-run Bank of Baroda on Thursday said it has reduced its home loan rate by 25 basis points (bps) to 6.50 per cent from 6.75 per cent.

Check net savings before you transfer home loan balance: Experts

When selecting the new lender, understand the conditions attached to prepayment

HDFC launches festive offer; home loan starting from 6.7%

Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent.