Home loans
Bajaj Finserv Lending, the financing arm of Bajaj group, will be offering home loans to salaried individuals beginning October this year. At present, the company gives loans to only self-employed individuals. Presently, about 75-80 per cent of home loan portfolio is catering to salaried individuals. Home finance companies (banks and non-banking finance companies such as [...] Continue Reading »
According to a study by credit rating agency, CIBIL, home loan enquiries increased by more than 18 per cent in the first quarter of 2012. This shows that demand for home loans have increased as more consumers are seeking home loans. Home loan enquiries have more than doubled from first quarter of 2007 to third [...] Continue Reading »
Financial insecurity is one of the reasons a property owner may want to sell his/her house. Few years after buying a home, a property owner feels the need to upgrade the house. In case of a job transfer to a different city, a person would want to dispose his/her existing property and settle down in [...] Continue Reading »
The Credit Information Bureau of India, or Cibil, says that there is a less chance for home loan defaulters, as most individual borrowers taking home loans from banks have very high credit scores. Cibil provides home loan for individual borrowers. The CIBIL Transunion Score is a three-digit number ranging between 300 and 900 assigned to [...] Continue Reading »
The real estate sector in India will find it helpful for their growth as the Indian cement companies are looking at reducing the costs of cement. The cement industry has found that in last three months, higher inflation and the lower demand for property in India due to costly home loans have impacted real estate [...] Continue Reading »
Documented property registration in Mumbai, Thane and Pune divisions fell in the last financial year. As per a rough estimate by a real estate analysis firm, at least 40,000 flats have remained unsold in Mumbai and Navi Mumbai areas. The actual number could be higher than that. Though, the amount of stamp duty collected by [...] Continue Reading »
The Reserve Bank of India has brought about many new directives and guidelines for taking Home Loans. The most controversial decision was the exclusion of stamp duty, registration fees and all other allied charges while calculating the loan to value when taking a home loan. The loan to value is the loan amount taken against [...] Continue Reading »
Before applying to home loans any individual must look into his income, current expenses and track record from Credit Bureau as these are very much important for availing any home loan. According to a higher official of HSBC, buyers must opt for floating rate of interest in the current economic scenario while going for any [...] Continue Reading »
When any taxpayer come under the highest tax bracket and have to pay 30% tax on the income, one can reduce his tax liability if he avails of the deduction on home loans, especially in case of the second house. In case of a home loan taken for a self-occupied property, the principal amount repaid [...] Continue Reading »
The RBI has announced to reduce the repo rate. This decision has raised the hope of the real estate market in Tricity. The real estate in Tricity have seen a major slowdown in last year. The rate cut by RBI will help the buyers to invest into the residential projects. The realty market in Tricity [...] Continue Reading »
