NHB expects 20% growth on home loans
No Comments Sub Category:Other cities,Realty News Posted On: Oct 25, 2012
With lenders cutting interest rates and other charges for home loan, the National Housing Bank expects a growth of 20% this year from 17% in 2011-12.
The environment has become competitive due to lowering of the interest rates and abolition of some of the fees
The demand and growth of housing loan has been good and sustained this year in spite of slowdown in the other sectors and NHB have distributed Rs 17,000 crore as refinance support to banks and housing finance institutions in 2012-13 against Rs 14,400 crore in 2011-12.
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