Home loan seekers
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 »
The RBI has suggested that banks must effect any change in floating rate loans only at the agreed-upon reset date. This is aimed at ushering in transparent and appropriate pricing of credit, according to an RBI working group. This is good news for existing home loan borrowers. What this means is that any change in [...] Continue Reading »
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 [...] Continue Reading »
Home loan seekers can access their credit information details from the Credit Information Bureau (India) Ltd (CIBIL). Credit Information Reports (CIRs) of CIBIL have become an important tool for banks and housing finance companies. They provide vital information on the credit history of applicants. A home loan application was liable to be rejected on account [...] Continue Reading »
