EMI
The Confederation of Real Estate Developers’ Associations of India (CREDAI) have flavored in a sense of relief to the property buyers in Noida extension. CREDAI has decided to pause the interest on pending EMI payments to the property buyers who have already made 10 percent booking payments. High Court (HC) orders forced the developers to [...] Continue Reading »
Purchasing a second home is hundred times better idea than investing on a new property says real estate experts. This is said to work better when it is in consideration of urban family. The main agenda behind this is that, the property tax will be less compared to the newly built house. Its definitely a [...] Continue Reading »
Reserve Bank of India (RBI) has hiked the interest rates nearly 12 times for over a period of 18 months wherein all the loan borrowers are being burdened. Satish Kumar, national credit manager, mortgages, at ICICI Bank reported saying, a well planned budget for the payment of regular pre-payment charges is the best way to [...] Continue Reading »
Sachin Chaudhary the business head of India bulls Housing Finance has advised the loan borrowers not to go for fixed-rate loans or to extend loan tenors and he also reported saying that a high rate scenarios are increasing in the payment of EMI. The fixed rate loans are expected to soften. The India bulls Housing Finance head also explained saying [...] Continue Reading »
Home loan borrowers are now facing a tough time as there is a slight raise in the EMI (Equated Monthly Installments). Banks have agreed to increase pre-payment charges at the meeting with RBI (Reserve Bank of India). The Central Government is concerned about the home loan burden on the loan borrowers. Henceforth they have put [...] Continue Reading »
Banks are a large source of funds for the housing finance companies (HFCs) and an increase in their lending rate would push up the cost of funds for the HFCs. Since the latest round of monetary tightening by RBI last week, a host of banks and lending institutions have raised their rates and HDFC is [...] Continue Reading »
