Page 9 - Home Loans

HDFC clears Rs 47,000 cr loans to 200,000 home buyers under subsidy scheme

These homebuyers belong to the Economically Weaker Section, Low Income Group and Middle Income Groups, HDFC said in a statement

Are you in financial trouble? Ask your bank to restructure your loan asap

Take your repayment capability and the extra interest cost involved when choosing a restructuring option

Residential property launches back on track as consumer sentiment improves

Pent-up demand, cheaper home loans, availability of completed units and WFH seen pushing up demand

Aavas Financiers reports 11% rise in net profit at Rs 50 cr in Q1

The company had posted a net profit of Rs 45.3 crore in the corresponding quarter of the previous fiscal year

Lower rates an opportunity to re-negotiate your home loan interest

Start by shifting to repo-linked rates, then seek the lowest rate being offered by lender

HDFC cuts prime lending rate by 20 bps, move to benefit home loan customers

Following the rate cut, the new rates of HDFC will be in the range of 7.5% to 8.5%

Worries over liquidity to boost credit card, personal loans: CIBIL

Unlike the slowdown a decade ago, demand for credit cards and personal loans will remain as consumers look to secure funds to bridge gaps in personal finance.

Financially stressed due to Covid-19? You may find it hard to get loan

Lenders are treading cautiously, and in some cases even cancelling previously sanctioned or pre-approved loans

RBI rate cut a boon for borrowers? Know how your EMIs will be impacted

Here's how borrowers are likely to gain from RBI's rate cut, subject to banks, non-banking financial companies passing on the benefits to customers

HDFC cuts prime lending rate by 15 bps; move to benefit home loan customers

The reduction in rate comes after the RBI provided a boost to the banking system through its policy measures and also introduced a targeted long term repo operation (TLTRO)

Financial groups: Focus shifts to their ability to boost parent's valuation

While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched

'Pay when you stay', 'EMI waiver': LICHF's plan offers relief to borrowers

But you need to stay for the entire period of the loan to get this benefit

Existing home loan borrowers must move to external benchmark loans

Yes, there will be some cost, but it will be limited to administrative and legal expenses

JM Financial Home Loans eyes Rs 2K-cr loan-book by FY21 with BoB pact

Sheth further said they will also be tapping the customers from those developers whom it funds now to grow the loan book

Want to avail of home-loan overdraft? Do it only if you have surplus funds

Savings done by depositing extra money into the home loan overdraft facility should outweigh the higher interest cost charged from you

Still paying high interest on loans? Compare, choose best offer, switch!

Bargain with your current home loan lender first before deciding to shift to a new player

Don't go overboard taking loans just because the lender is generous

While NBFCs are increasingly willing to lend to below-prime borrowers, the latter should remember that failure to repay can have dire consequences

Planning to take a home loan? A snapshot of rates offered by various banks

Here's how the home loan rates by public and private sector banks stack up

Seven reasons why you should go for a joint loan to buy property

Besides increasing the eligibility, tax benefits will also double

Are fixed-floating rates a sound option for retail home loan borrowers?

Two leading industry experts debate the merits and demerits of the new fixed-floating rate product that the SBI chairman proposed recently