Housing finance companies
ICICI Bank has planned a particular kind of home loan to cater to the needs of Non-Resident Indians (NRIs) who plan to buy properties in India. ICICI Home Loan to NRI offers an extensive range of products considered to facilitate NRIs to buy or build their long dream home in homeland. The bank has specific [...] Continue Reading »
Housing finance is a preferred market choice for many of the non banking finance companies. These finance companies provide loan for the builders as well as they are considered good option for home loans. It is noticed that the residential price index has a rising curve in the tire 2 cities while it is decreasing [...] Continue Reading »
The realty scenario for the year 2011 was a roller coaster ride. Too many residential projects were paused, with plenty of apartments are still left unsold! The housing finance companies were in a complete dilemma with the interest rates hiked many times during this year. The delay in project execution was a major drop down! [...] Continue Reading »
Finally, Reserve Bank of India (RBI) has kept the interest rates unchanged! This is the first time midst this year RBI has paused the hike. During this year RBI has hiked the interest rate nearly 13 times within a span of 21 months. Also central bank has shown clear signs of interest rates dropping down [...] Continue Reading »
Reserve Bank of India (RBI) recently had set up a committee to taken initiative of ensuring proper flow of finance in India. This was also aimed to ensure transparent and non-discriminatory pricing of credit. Meanwhile the Deputy Governor of Reserve Bank of India, K C Chakrabarty reported saying that the housing finance companies and the [...] Continue Reading »
The home loan borrowers can now cheer as the National Housing Bank (NHB) has banned levy of pre-payment taxes. The house owners can now avail loans from more than 54 various Housing Finance Companies (HFC). The NHB has passed on a mandatory rule to all the HFC to receive a stable interest payment from all [...] 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 »
National Housing Bank (NHB) is planning to set up a finance company over the end of this financial year. The housing finance head Reserve Bank of India, will compensate on banks and housing finance companies in respect with the home loan borrowers. The application for the mortgage finance company will be handled by the Reserve Bank of India by [...] Continue Reading »
HDFC posted a marginal growth in the net profit; however LIC Housing and Dewan Housing both reported a severe drop in the financial market. During the month of June 2011, both of these financial sectors reported a severe decline in sanctioning loans and there are few borrowers approaching them for funding. The actual impact is [...] 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 »
