If you are planning to buy a house, it is important to have a clear understanding of the home loan process, which is mainly classified into three stages – application, loan sanction and disbursal. … READ FULL STORY
Acquiring a home is a major life goal for many, and a home loan is often a necessary tool for achieving this dream. However, the equated monthly instalments (EMIs) associated with these loans can … READ FULL STORY
The Reserve Bank of India (RBI), on April 6, 2023, decided to leave the repo rate unchanged at 6.5%. Most experts had predicted the banking regulator would increase the repo rate, at which it … READ FULL STORY
The Reserve Bank of India (RBI) on February 8, 2023, increased the repo rate by 25 basis points to bring its benchmark lending rate at 6.50%. The largely anticipated hike will increase the cost … READ FULL STORY
If banks were to increase lending rates by another 25 basis points in future, loan EMIs would increase by 200 basis points (2%), says the latest report by Motilal Oswal Financial Services. The analysis … READ FULL STORY
The Reserve Bank of India (RBI) data suggests home loan outstanding of banks has doubled in the last five years. Contrary to the general perception that interest rates have a tangible impact on home … READ FULL STORY
Improved buyer sentiment has resulted in home loan outstanding of India’s banks doubling in the past five years, RBI (Reserve Bank of India) data show. According to the numbers available with the India’s banking … READ FULL STORY
If the Reserve Bank of India (RBI) continued to increase its benchmark lending rate in future monetary policy announcements, India’s real estate sector would be adversely affected, industry body CREDAI has said. The comment … READ FULL STORY
Hours after the Reserve Bank of India (RBI) increased the repo rate by 50 basis points on September 30, 2022, several banks in the country, including SBI, ICICI Bank and HDFC, have announced a … READ FULL STORY
There are a number of financial institutions from which you may choose if you are interested in applying for a home loan in the amount of Rs 8 lakh. You should, however, be aware … READ FULL STORY
Reports of an impending housing recession in the US are a worrying factor for a section of analysts in India. As per a report by the National Association of Realtors, home sales have slowed … READ FULL STORY
LIC Housing Finance (LIC HF) has increased its prime lending rates by 50 basis points, with effect from August 22, 2022. With the hike in rates, the home loan interest rate at the housing … READ FULL STORY
In a move that would greatly benefit those planning to switch lenders to bring down the overall cost of their housing loans during festive season 2021, private lender HSBC India has reduced its home … READ FULL STORY
