Page 8 - Home Loans

Switch home loan if you can reduce cost by at least 50 bps: Experts

Don't go by the lowest advertised home loan rates; find out what you are eligible for

HDFC, LIC Hsg: Stick to sound HFCs as SBI cuts home loan rate, say analysts

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts

SBI cuts home loan interest rate by 10 bps to 6.7% linked to CIBIL score

Sanctions loans worth Rs one trillion till date in FY21

State Bank of India, Shapoorji Pallonji Real Estate sign MoU

State Bank of India and Shapoorji Pallonji Real Estate on Thursday signed a Memorandum of Understanding (MoU) to enable faster processing of home loans, approvals and to provide other benefits. The lender's head and chief general manager (Real Estate & Housing Business Unit) Shreekant said the collaboration will create win-win business opportunities for all stakeholders. "We sanction home loans in five days in all our approved projects, which is the key benefit for the customers apart from complete waiver of legal and valuation charges, he said in a release. Shapoorji Pallonji Real Estate CEO Venkatesh Gopalkrishnan said the tie-up will cover the new and existing housing projects across key markets. Earlier this month, SBI Chairman Dinesh Khara had said the bank is looking at more builder tie-ups so as to reduce the turnaround time for approving home loans to five days as against 12 days.

SBI, Shapoorji Pallonji sign MoU to offer faster home loan approvals

As part of the agreement, customers of SBI and Shapoorji Pallonji Real Estate will be able to avail the benefits of faster processing of home loans and approvals

A term policy is the preferred option for covering home loan liability

A home loan protection plan could pose problems if you wish to switch or foreclose your loan

Demand for affordable housing to rise on extension of tax sops: Realtors

The government has extended additional tax deduction of Rs 1.5 lakh on home loan interest till March 2022

Jefferies expects home prices to surge by over 10% in next two years

Leading realtors say it's difficult to judge the trend

Realtors' body CREDAI seeks tax sops in Budget to boost housing demand

CREDAI suggested government to increase tax exemptions in upcoming Budget to boost housing demand and enhance limit of deduction under section 80C of income tax for principal repayment on home loans

How to organise your financial documents for a clutter-free 2021

Tips on figuring out which document needs to go straight into the dustbin and which needs to be kept, just in case

Going for a joint home loan with a relative can boost chances of approval

In case of default, credit score of co-borrower would also get affected

HDFC reduces its retail prime lending rate on housing loans by 0.10%

The change will benefit all existing HDFC retail home loan customers

Conditions apply: Festive season offers on home loans decoded

In this podcast, Business Standard's Sanjay Kumar Singh demystify the process of choosing your lender. Tune in to know more

HDFC net profit dips to Rs 2,870 cr in Q2, net interest income rises 21%

The Assets Under Management (AUM) rose 10.2 per cent to Rs 5,40,270 crore in Q2FY20 from Rs 4,90,072 crore in the previous year

Home loan offers: Keep an eye on caveats before choosing a lender

They may be available only to those whose credit score exceeds a specified level or who buy insurance also

SBI increases sops for home loans above Rs 75 lakh in festive push

Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh

Top headlines: Bonus for central govt employees, SBI hikes home loan sops

Business Standard brings you the top headlines of the day

RBI announces measures to boost credit flow to real estate sector

The requirement of standard asset provision of 0.25 per cent will continue to apply on all such loans, the notification added

LIC Housing Finance biz back to pre-Covid levels: MD Siddhartha Mohanty

The business done by the company in September is not only better than the previous year but also the best for the company in the same period, he said.

SBI to waive processing fee on YONO loans, offers 10 bps off on home loans

The country's largest lender is offering the lowest interest rate starting from 7.5 per cent to customers opting for car loans