interest rates on housing finance
National Housing Bank has signaled a reduction in interest rates for housing finance companies (HFCs) by reducing its prime lending rate from 10.5 per cent to 10 per cent. The rate reduction is set to affect medium and smaller-sized players in the industry as NHB accounts for 25-30 per cent of the resources raised by HFCs. [...] 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 »
Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 per cent for loans up to Rs 30 lakh and 11 per cent or more on loans above Rs 30 [...] Continue Reading »
