Loan Borrowers
Kolkata- Credit Information Bureau (India) Ltd (CIBIL) and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) are together planning to offer a single window facility to check credit worthiness and legal status of property to lenders. The two organizations have planned to sign an agreement on 10th December. Once the [...] Continue Reading »
2011 is now known as the year of high home loan rates. Never before the loan borrowers had faced such a rapid hike. Simultaneously, year 2011 will be known for aggressive property buying in peripheral and suburban areas of cities across the country. The high interest rates ended up the developers to sell the properties [...] Continue Reading »
In the year 2011, private banks were the huge lenders in home finance who continued to impose increasing penalty on the loan borrowers throughout the year. To ease the home loan environment, ICICI Bank a private home loan financing company waived pre-payment charges on floating rate home loans for the existing as well as for [...] Continue Reading »
Bangalore residential realty market is witnessing new launches every now and then however, raising interest rates has become a major concern. Midst this concern well known developers are confident of meeting targets of 10 million square feet each in FY12. Prestige Group expert say that interest rates may not stay same in future as loans [...] Continue Reading »
Fixed loan rates has been launched against property and home loans by country’s second largest foreign lender HSBC India. The uniqueness of the loan scheme is that, a loan borrower can make pre-payments even during fixed rate period. The applicable loan rate begins from 11.25 percent for one-year loan tenors and upto 11.75 percent for [...] Continue Reading »
Home loan interest rate hike seems to have no barrier. The appetite of home loan is demanding constant hike in interest rate. However, according to the data collected by Reserve Bank of India (RBI) and National Housing Bank (NHB) rising interest rates have not decreased the rate of home loan being borrowed. NHB experts say [...] Continue Reading »
Home loan rates fluctuating, here it is back into action again! The new norm is leaving the loan payers and borrowers worried behind. It is State Bank of India (SBI) this time who has decided to change pre-payment charges in concern with both the fixed and floating loans. India’s largest lender SBI calls for this [...] Continue Reading »
Diwali in India used to record 10 percent profit every progressive month in home loan sectors. However the same time prevails no more as this Diwali recorded a flat income in home loan sales. The housing finance sectors were astonished to face a bad breakdown as this happened never before in the history. Central Bank [...] 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 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 »
