Page 3 - Home Loans

Home loan outstanding up by Rs 10 lakh cr: What does this mean?

The real estate boom is expected to continue, although the growth rate might slow down slightly due to the high loan amounts already issued.

PNB Housing Finance Q4 results: Net profit rises 57% to Rs 439 crore

The net fees and other income increased to Rs 110 crore in Q4 FY24 from Rs 33 crore in the corresponding quarter of the year-ago period

Terms of contract override sales pitch

The SC said that Monga could not be allowed to question the interest rate after having acquiesced by signing the loan agreement

NBFC loan sanctions increase by 6% in Q3FY24, consumer segment up 30%

Home loans sanctions contract 2 per cent; consumer loans grow 30%

Know How to Save Tax on Your Home Loan This Financial Year

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Home loans business gives HDFC Bank CASA boost, says Arvind Kapil

The CASA deposits of the bank grew by 2.2 per cent quarter-on-quarter(QoQ) to Rs 8.35 trillion in Q3 FY24 with CASA ratio inching up to 37.7 per cent from 37.6 per cent in Q2 FY24

Rooftop solar programme to be gamechanger: SBI chairman at BS IML Conclave

Dinesh Khara also said that SBI has started leveraging technology and aims to make YONO 'a digital bank within the bank'

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

Bank of Maharashtra slashes home loan rate on new year by 15 bps to 8.35%

State-owned Bank of Maharashtra (BoM) on Wednesday trimmed its home loan rate by 15 basis points to 8.35 per cent as part of its new year offer to customers. The processing fees are also waived on home loans, BoM said in a statement. This dual benefit of reduced interest rates and waiver of processing fees in home loans is a testament of bank's commitment to offer best financing solutions to all its valued customers and help them fulfil their needs, it said. In the current high-interest rate landscape, bank is making retail loans cheaper to bring in cheer among customers, it said. By introducing this offer, bank is offering one of the lowest interest rates in the banking industry for home loans, it said, adding, the bank has already waived processing fees for home, car and retail gold loans under its 'New Year Dhamaka offer'.

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

Bandhan Bank receives Rs 280 crore bid for Rs 776 crore home loan NPAs

Bandhan decided to sell housing loan NPAs, where repayment was due for over 180 days, worth Rs 776.62 crore as on September 30.

PNB Housing reaches loan book size of Rs 1,000 crore for affordable homes

Girish Kousgi, MD and CEO at PNB Housing Finance said that at the current pace, the company may add another Rs 1,000 crore to its loan book in the next six months

SBI, BoB offering home loans at 8.4%: Full list of existing loan rates

Repo rate pause coupled with new RBI guidelines giving borrowers the ability to switch to fixed-rate home loans at their discretion makes it favorable for buyers consider taking out a loan

Home financing: Who get the best loan offers, what are the lowest rates?

Credit score determines the customer character and capacity which helps customer to negotiate the commercials with the developer as well as financial institution

Would like to see 10-12% of funding met by public deposits: CEO, LIC HF

Most of our funding, around 52-53%, is through NCD issues, says Adhikari

SBI offers special discounts on home loan rates as festive season kicks in

Under a special campaign for home loan borrowers, the country's top lender is offering concessions of up to 65 basis points. The last date for the concession on home loans is December 31, 2023.

Bank credit outstanding to real estate hits record Rs 28 trn in July: RBI

Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data. It is evident from the Reserve Bank's loan outstanding data as well as property consultants data on housing sales and new launches across major cities that activities in the real estate sector are moving at a fast pace. The credit outstanding in housing (including priority sector housing) rose 37.4 per cent annually in July crossing Rs 24.28 lakh crore, showed the RBI's data on 'Sectoral Deployment of Bank Credit July 2023'. The credit outstanding to the commercial real estate increased by 38.1 per cent to Rs 4.07 lakh crore. Commenting on the RBI data, Anarock Chairman Anuj Puri said the impressive loan growth in the real estate sector is a function of a large-scale demand revival across the board. "The commercial office segment was reeling under the pandemic's press

Housing demand has power to unlock economy's potential: HDFC Bank Director

HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than other segments. "Housing holds the key to unlock the potential of the economy. I am optimistic about the demand for housing in India. It also generates huge employment," Mistry, vice-chairman and CEO of erstwhile HDFC said. Mortgage lender HDFC has now been merged with HDFC Bank. Mistry said the penetration level of mortgage lending is very low in the country as compared to the US or China. "Mortgage to GDP ratio is very low in India," he said. "The structural demand for housing in the country will always be strong," Mistry said, adding that "housing loans are safe and have better credit risk profile". Regarding corporate governance (CG), Mistry said the r

Explained: Borrowers can change tenures, EMIs, switch to fixed rates during loan resets

RBI has now made it mandatory that at the time of sanctioning a loan, the bank will have to convey in writing to the borrower the impact of a rate change.

RBI's new guidelines: Home loan borrowers can switch to fixed rate at reset

RBI guidelines bar penal interest rates on loans, negative amortisation