With banks competing for the ever-increasing pie of home loan borrowers with new schemes every second month we decipher what HDFC's latest teaser home loan scheme is all about and whether you should opt for it or not.
In order to promote the housing sector, Reserve Bank of India on Friday decided to rationalise risk weightage on housing loans, making the product attractive for both borrowers and lenders. With revision in the risk weightage, the requirement of capital provision for banks will come down. This will encourage banks to push housing loan products with attractive features.
What should you do in such a situation? Here are a few things that every home loan borrower must remember now that home loan rates are expected to increase further.
Will the intense rate cut war help Indian consumers of home loans? What are the pros and cons of availing home loans that have fixed rates for the first two to three years and then switch to floating rates?
Defaults due to rising rates resulted in the move.
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Housing Development and Finance Corp Ltd (HDFC), the largest mortgage finance company in the country, on Monday launched a fixed-cum-floating rate scheme which would offer home loans at a fixed rate for the initial three or five years and at a floating rate thereafter.
In an online chat with readers on August 3, home loan expert Harsh Roongta provided answers to how home loan borrowers should cope with their rising equated monthly installments.
SBI, the country's largest lender, first announced a rate cut of 0.25 per cent in its home loan rates on Thursday, forcing HDFC, the second biggest home loan financier, to respond.
The story of a common man who overcame hurdles posed by public sector banks and availed of a home loan to buy his dream house.
It makes sense to prepay your home loan if you have surplus funds, says home loan expert Harsh Roongta.
SBI's home loans, which offer a lower interest rate in the initial years and rate increases in the later years, were termed teaser loans by the Reserve Bank of India.
The present home loan non-performing asset figures of banks understate the extent of delinquency in the sector as loans given in the last three years
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you.
Did you know these options existed? Their pros and cons? Here's a lowdown...
The government should provide home loan up to 25 lakh at a lower interest rate of 5 per cent to the people of the middle class, a prominent realtors' body appealed to the government against the backdrop of soaring home prices. G Hari Babu, president of the National Real Estate Development Council (Naredco), in an online interaction with Business Standard, said that the middle class in India accounts for roughly 30 per cent of the total population and is dependent on rental accommodation.
Are you planning to prepay your expensive home loan partly or fully? Do you know what you should keep in mind before doing this? Read this for the answers.
Understanding the calculations involved while computing the home loan eligibility has seldom been easy for individuals
Home loan expert Harsh roongta answered home loan queries of Get Ahead readers. Here's the chat transcript for those who missed the chat.
Home loans portfolios of swelled over the past couple of years as banks used the opportunity to expand their size, but in the process the Reserve Bank of India (RBI) was left worried.
The growth in housing loans had fallen from a high of 31.2 per cent in December 2006 to 4.1 per cent in March 2009.
More interest hike shocks are to come with no signs of the rates having peaked up.
Are there any existing provisions that restrict you from claiming tax deduction on a number of houses you own? Can you and your spouse claim tax deductions on the house bought jointly by you?
The Indian home loan market, bedazzled by the low rate home loans, forgot to ask one basic question: what is my floating rate loan benchmarked to?
The monthly saving that the individual can use to service his EMI (Rs 25,000, in this example) is divided by the monthly EMI on a Rs 1-lakh loan. This ratio is multiplied by Rs 1 lakh, to arrive at the final loan amount.
State Bank of India has raised interest rates on the domestic term deposits by 0.25 to 0.50 per cent across various maturities effective from November 29.
Choosing to partially pay your loan can vastly reduce your interest burden. Find out how!
Home loan expert Harsh Roongta discusses how to cope with rising EMIs as floating rates move up.
Here's how to go about applying for a home loan.
ICICI Bank Home Loans is recruiting Sales Executives.
In what could trigger another round of rate cut war, National Housing Bank on Wednesday slashed lending rates by 0.40-0.65 per cent just two weeks before the Reserve Bank of India announces its busy season credit policy.
Before opting for a joint home loan with your parents or spouse you must first understand the implications of this loan.
Individuals need to bear in mind the actual costs of borrowing on a home loan. This will help them in their tax planning exercise with respect to investments in other tax-saving avenues falling under the Section 80C gamut.
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