Pre-payment charges
State-run Housing and Urban Development Corporation (HUDCO) has declared to restart lending for home purchases with the launch of a competitively priced product. The new product has been dubbed as the most competitive home loan product available for salaried individuals. Interest rate on the product beats the 10.25 per cent of the largest lender in [...] 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 »
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 »
Changing times call for a change in the ways in which living spaces are rented out by people. While making background checks on potential tenants is a must, there are other legal responsibilities which come as a duty call for prospective house owners. There are few social responsibilities to be taken initiative by the house owners [...] Continue Reading »
Reserve Bank of India (RBI) has hiked the interest rates nearly 12 times for over a period of 18 months wherein all the loan borrowers are being burdened. Satish Kumar, national credit manager, mortgages, at ICICI Bank reported saying, a well planned budget for the payment of regular pre-payment charges is the best way to [...] Continue Reading »
