home loan
In March 2015, the Reserve Bank of India (RBI) changed the norms for home loans of up to Rs.10 lakh. Now, banks are allowed to include stamp duty, registration charge and documentation expenses to calculate the total cost of a unit. Currently, these charges form around 15 percent of the cost of the house, and [...] Continue Reading »
Non Performing Assets or NPAs are on the increase of over Rs.1000 crore over the 6 months duration of the calendar 2014. The default payment by the home loan customers are on the rise. Around Rs.6200 crores is said to be the total of the various banks lending such loans to the customers. Details According [...] Continue Reading »
Poor real estate sales in the residential sector have made significant impact on home loan disbursements, revenues and balance sheets of banks etc. Most buyers reluctant of making immediate purchases are now being lured into the market by being offered lucrative financing schemes by Banks. The residential property sector of the real estate market suffered [...] Continue Reading »
The delays in project execution & under construction properties has made several home buyers opt for ready-to-move-in properties. This was revealed by a survey of first-time homebuyers across the country conducted by one of property portal recently. As many as 43 percent respondents showed preference for ready-to-move-in properties in the survey. This can be considered a [...] Continue Reading »
Homebuyers seem to be coming back in strong numbers, going by the increase in the home loan portfolio of public sector banks. The first quarter numbers reveal that there has been a significant increase in the number of home loans extended compared to the year-ago period. State Bank of India (SBI) has recorded 15.6 percent [...] Continue Reading »
India’s largest private lender ICICI Bank has slashed the home loan interest rates for loans up to Rs 5 crore drawn by salaried individuals. The bank has revealed in a recent announcement that, for all floating rate home loans up to Rs 5 crore for salaried individuals, there will be only one single interest rate [...] Continue Reading »
The home-loan figures released by home financiers for the first quarter of fiscal 2014-15 have revealed that potential home buyers are no longer postponing their decision to purchase a home. According to the statistics shared by mortgage bigwig HDFC, the company witnessed a year-on-year growth of 23 percent in its retail home loan book during the [...] Continue Reading »
The realty market is picking up after the change of the government in the center and that is evident in the financial balance sheet of HDFC Ltd. The Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 1,344.66 crore, up by 14.62 % year-on-year (Y-O-Y), for the quarter ending June 30, [...] Continue Reading »
This is an age old belief that the salaried person has a steady income and the businessman a fluctuating one. Sometimes the businessman will be flooded with money, and sometimes he might even find it difficult to make the ends meet. Hence salaried people are preferred for matrimonial alliances too by the parents of the [...] Continue Reading »
ICICI Bank has implemented a reduction in interest rates on home loans by 10 basis points – to 10.15 percent – for borrowers who draw loans for an amount up to Rs 75 lakh. The new reduced interest rate on home loans brings ICICI Bank at par with India’s biggest lender, the State Bank of [...] Continue Reading »
