Are there times when you feel really impatient about the fact that you need to wait several more years to free your home from debt? Well, here is a thought for you.
Leading non-banking financial company (NBFC) Shriram Finance on Friday said Japan-based MUFG Bank would invest Rs 39,618 crore, or $4.4 billion, to acquire a 20 per cent stake on a fully diluted basis through a preferential issue of equity shares.
Will your home loan rates drop now that the RBI has signalled the onset of lower interest rates after 0.25 per cent cut in repo rate and CRR?
The government has infused over Rs 3,100 crore into women-led startups over the past six years, through its three schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to boost female entrepreneurship across the country, according to an update shared by the Ministry of Commerce and Industry.
Home loan expert Harsh Roongta advices borrowers on points to consider before going to a home loan lender.
The interest rates on housing loans are expected to go up by 25 to 50 basis points in the coming months but it would not affect demand from retail borrowers, an industry official said on Monday.
State Bank of India is keen to encourage women to take home loans.
S Padma, a street cleaner in Chennai, found a box full of gold worth more than Rs 45 lakh and returned it. 'I have been sweeping the streets of Chennai for 21 years. Nobody in the street knew me. I was just a faceless, nameless sanitation worker in an orange and blue uniform.'
Borrowers wanting to prepay home loans can look forward to some relief as RBI on Tuesday indicated that it would scrap prepayment penalties charged by banks.
The credit policy annouced by the RBI on July 31 is likely to have no impact on the home loan interest rates feel experts.
HSBC India has announced a new home loan package offering to pay back part of the interest to borrowers. Yes, like the foreign bank claims, it is a first in the home loans business. But if one takes a careful look, it might not be such a big deal after all.
Yes, you need to be safe when dealing with third party agents who act as intermediaries between you and the lending institutes.
It is not being argued SBI is doing a bad thing by announcing low rates, but it is understanding the full implications of such loans before taking one, says iTrust Financial Advisors.
Most first time home loan borrowers have no idea about how to bargain for one. Here are a few important things that you should watch out for while bargaining for a home loan.
Punjab National Bank has slashed floating home loan rates to 7.50 per cent for upto 10 years while pegging it at 7.75 per cent for 10-20 year maturity.
Ajit Pawar became a ray of hope for Muslims, the only man in power who could resolve their grievances.
As liquidity eases and inflation turns negative, Dewan Housing Finance Corporation on Friday said it expects home loan rates to come down by 25-50 basis points in the near-term.
HDFC, the pioneer, ICICI, the game-changer, and SBI, the original teaser, turned the market on its head.
Here are a few useful recommendations to help you close your home loan early and save on interest costs.
State Bank of India's decision to freeze home loan interest rates at 8 per cent for a year has stirred a controversy with the country's largest mortgage player HDFC on Tuesday terming the move as a 'gimmick'. SBI executives retorted by saying that the package was not a 'teaser rate', as HDFC chairman Deepak Parekh described the move.
With banks offering competitive interest rates, no processing fees, EMI waive offs, cash backs and an additional deduction of Rs 1 lakh on interest amount, home loan customers need to make merry
After the Reserve Bank of India (RBI) raised key policy rates by 25 bps in the third quarter review of monetary policy, banks have started raising lending and deposit rates.
Young borrowers have the opportunity to get bigger loans because age is on their side.
Readers' queries on when, why and how to change their home loan lenders answered.
"We have revised our interest rate by 1.5 per cent from 13 per cent to 11.5 per cent," an ICICI Bank spokesperson said. This cut will, however, be applicable for only new home loans, the spokesperson said.
Card and Internet banking frauds formed 56.5% of all cases in FY25.
All it requires is to begin early and a bit of discipline. Here's a to-do list for those in who want to buy their own home without going for a home loan.
Borrowers burdened with increasing EMIs because of increasing interest rates can now heave a sigh of relief.
Can one claim both HRA and home loan benefits? This seems to be a confusing factor for most tax payers.
The Reserve Bank has paved the path for increasing the liquidity for banks, enabling several positive steps in the real estate sector.
If one is an existing borrower or looking for a loan, there's reason for cheer.
It has also got the Reserve Bank's nod to set up a non-banking finance company subsidiary for its consumer loan business, which would primarily focus on vehicle loans and lending to SMEs. Both HFC and consumer finance subsidiaries would be in place in the next two months, and the employees currently working with the related businesses at Reliance Consumer Finance Ltd would be relocated to the new entities.
Wiser from last year's free-fall, realty firms discovered a new mantra in 'affordable housing' and found help from banks who offered low interest home loans to build their businesses in 2009.
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