Page 7 - Home Loans

Piramal Capital ties up with IMGC to offer home loans of Rs 5 lakh-75 lakh

Piramal Capital & Housing Finance Ltd (PCHFL) has partnered with India Mortgage Guarantee Corporation to offer home loans ranging from Rs 5-75 lakh to salaried and non-salaried customers. Under this arrangement, India Mortgage Guarantee Corporation (IMGC) will provide guarantee on a part of the loan so that it is secured in case of a default. The housing finance company aims to generate 10-12 per cent of its business from this partnership by the end of FY23, PCHFL said in a statement on Wednesday. The product 'Gruh Setu Home Loan' aims to cater to the aspirational needs of salaried and self-employed customers across geographies. It is designed to extend loans to individuals who receive salary by bank or cash, pensioners, employees of proprietorships and partnership firms. It will also cater to self-employed professionals like doctors or architects, small business owners, proprietors and partners of partnership firms. PCHFL, the wholly-owned subsidiary of Piramal Enterprises, said

Chinese city cuts home down-payment ratio in bid to boost demand

Regulatory curbs on borrowing have driven China's property sector -- a major economic growth driver -- into a sharp downturn, squeezing the cash-flow of many developers and chilling buyer sentiment

RBI monetary policy review: Lenders split on home loan rate cut

The Reserve Bank of India's (RBI) signal that the repo rate is not going to increase any time soon has left home loan players divided on pricing, going ahead

TMS Ep79: Real estate, WazirX GST probe, FMCG stocks, home loan rates

Will omicron impact the real estate sector? What are the lessons from the GST probe against WazirX? Stock-price correction awaits FMCG? What to consider while taking a home loan? All answers here

Home loans assigned by HDFC to HDFC Bank in Q3 up marginally at Rs 7,468 cr

The mortgage lender keeps liquidity buffers worth Rs 55,000 cr

Credit growth of banks recovers; festivals help demand: Ratings agency

Bank credit grew by 180 basis points from the year-ago level of 5.1 per cent in the fortnight ended October 23, 2020: CARE.

Home loans grew 76% to Rs 79,043 crore in March quarter, shows data

Property loans also showed 21.9 per cent expansion at Rs 23,418 cr against Rs 19,207 cr in Q4FY20

TMS, Ep 34: Implication of net-zero goal, Prakash Mallya Q&A, and Fed taper

What will be the economic impact of India's emission-reduction commitments at COP26? What role will Intel play in India's 5G and EV goals? Will the US Fed announce a taper today? All answers here

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

Industry's share in bank loans at record low of 26%, shows data

Personal loans, including housing, now at 26.7% of bank credit, highest ever

Scrutinise the deals and discounts while buying a house this festive season

Be guided by more crucial considerations such as the budget, the location, and the projects that are right for you

Bank of Maharashtra launches digital lending platform for home, car loans

State-owned Bank of Maharashtra on Friday said it has launched a digital lending platform for its home and car loan customers.

Market yet to respond to rate cuts on home loans, share prices unaffected

Lower rates to aid loan demand for financiers who can offset discounts over the long tenure

ICICI Home Finance to recast 4-5% of its loans, raise Rs 2,000 cr via NCD

Its pool of recast loans stood at 3.4 per cent of AUM by the end of June, according to CRISIL

HDFC launches festive offer; cuts home loan interest rate to 6.7%

Customers can avail of new home loans starting at an interest rate of 6.70 per cent per annum, irrespective of the loan amount or employment category

PNB cuts rate on home loan above Rs 50 lakh by 0.5 pc; RLLR by 0.25 pc

A day after SBI and Bank of Baroda announced festival season offer, Punjab National Bank on Friday slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent

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, LIC Housing tie up to sell home loans

India Post Payments Bank (IPPB) has joined hands with LIC Housing Finance for selling housing finance products of the latter to its 4.5 crore customers, a statement said on Tuesday.

NHB disburses over Rs 30,000 crore in interest subsidy under PMAY

The National Housing Bank said it has disbursed over Rs 30,000 crore so far in interest subsidy to affordable home loan borrowers under PMAY since the launch of the scheme in June 2016

Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans

Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans