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Home loan enquiries up over 18 per cent: CIBIL

Comments(4) Sub Category:Mumbai,Realty News Posted On: Jun 26, 2012

According to a study by credit rating agency, CIBIL, home loan enquiries increased by more than 18 per cent in the first quarter of 2012.

This shows that demand for home loans have increased as more consumers are seeking home loans.

Home loan enquiries have more than doubled from first quarter of 2007 to third quarter of 2011.

The first three quarters of 2011 had also shown an increase in the home loan enquiries by 21 per cent.

The study also reveals that the number of home loans taken were connected to the interest rate cycle.

To read more real estate news:

How to buy or sell a house on loan

CBI conducts raids on housing loan scam

Source: The Economic Times

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