Finance companies
Under the National Housing Bank’s Refinance Scheme of Rural Housing Fund, DHFL Housing Finance will grant housing loans at 9.35 per cent interest for 7 years fixed loans up to Rs 15 lakh. DHFL Housing Finance, Managing Director, R Nambirajan said in a release NHB has decreased the interest rate under this refinance scheme to [...] Continue Reading »
The Reserve Bank of India (RBI) has advised the housing banks not to impose a prepayment penalty if floating rates of interest are assured and also there will be absolutely no penalization for such borrowers. However the concern is different in terms of fixed interest loans wherein it involves on going tie up the housing [...] Continue Reading »
