home loan
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 »
The home loan borrowers feel so that the Reserve Bank of India (RBI) never wants to relive its customers in calm, as RBI is ahead decided to increase the interest rate. This hit is sure to damper the Diwali festive mood of the year 2011. Paras Gundecha the president of the Maharashtra Chamber of Housing [...] Continue Reading »
The property buyers are interested keenly in the suburbs in almost all the cities and suburbs that have benefited from infrastructure development. People who are working in cities prefer to invest in real estate in their home towns, since the overall capital investment is lower and much affordable compared to cities. Coimbatore, Tiruchi, Tuticorin and [...] Continue Reading »
The National Housing Bank (NHB) is upholdong a new mantra with guidelines on charges with affordable home loan. NHB in the previous financial year had announced zero percent pre-payment charges that are to be levied. Mr R.V. Verma the Chairman and Managing Director of NHB reported saying that they are looking into commercial refinance situations [...] Continue Reading »
State Bank of India (SBI) is said to be the largest lenders in home loan banking company in India. This sector has come forward in providing 25basis points of discount to the prevailing home loan rates over this festival season. This offer scheme has been encouraged out by other banking sectors such as; HDFC bank [...] Continue Reading »
Insurance and Regulatory Development Authority (IRDA) chairman J Hari Narayan reported saying that the the home insurance polices upheld the house owners in Sikkim is being checked through our IRDA department. Industry estimates proved that 2% of India’s homes have been insured to protect themselves over the natural calamities and disasters, etc. Also that crores [...] Continue Reading »
Home Loan rates have been increasing frequently. Unfair penalty has been levied on the Home Loan Borrowers. Bankers’ contention that the charge is being levied only if the borrower closes his loan by transferring his account to another lender is perverse. Bankers know that most of their borrowers do business in a competitive market. It [...] 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 »
State Bank of India has gone through teaser loan scheme by the Reserve Bank of India (RBI) in early 2009 but now ruled out relaunching a dual rate scheme for home loans due to its paying a stiff price in the form of huge provisioning. ICICI Bank and HDFC have already come up with teaser [...] Continue Reading »
ICICI Bank on Tuesday said its recently launched fixed-rate home loan scheme would not attract the higher provisioning mandated for teaser-rate housing loan products and the rates are “fixed” only for an initial period of one and two years. According to the bank, the fixed rates will “shield customers from frequent changes in home loan [...] Continue Reading »
