interest rates on home loans
Due to the slowing economy, banks want to cut the risk weights on home loans to revive the housing sector. Indian Banks’ Association committee on housing described that if the risk weights are lowered, there will be more funds for the banks to lend. This move enable banks to give loans up to 85 per [...] Continue Reading »
Developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) has expressed hopes that housing sales are expected to improve by about 20 percent in major cities during the festival season. The main propellant has been identified as the marginal fall in interest rate on home loans. Buyers waiting for last two years to buy [...] Continue Reading »
