Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Growth of Home Loan records a bad breakdown midst Diwali in India

1 Comment Sub Category:Uncategorized Posted On: Nov 10, 2011

Diwali in India used to record 10 percent profit every progressive month in home loan sectors. However the same time prevails no more as this Diwali recorded a flat income in home loan sales. The housing finance sectors were astonished to face a bad breakdown as this happened never before in the history. Central Bank of India, General Manager, Ram Sangapure reported saying over the same issue saying that they failed to record good amount of response in concern with the home loan sales as the reason being, high and also fluctuating interest rates.

However, the banking sectors said to have introduced discounts with the purchase of home loans to push up the sales of home loan records. Also public banking sectors like; Union Bank and Central Bank of India had announced special discounts and attractive schemes, Dena bank introduced 25 points basis discount points but none of them worked well. As a fact that even the loan borrowers will be severely burdened if they aimed for borrowing one.

The soaring inflation and fluctuating high interest rates have become sense of bothersome to the home loan borrowers and even the banking sectors are also not sure about the positive growth of home loans in near future. However, high interest rates are sure not to function for long time as the fact is that,  even the new players in home loan sectors are finding tough time to reach marginal growth even during a festive season.

One Response to “Growth of Home Loan records a bad breakdown midst Diwali in India”

  1. Alisha Kapoor says:

    I like the points mentioned about Home Loan!

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!