To boost demand in the real estate and construction sector, which employs the largest number of people in India after agriculture, the Reserve Bank of India (RBI) has reduced its lending rate to 4% … READ FULL STORY
New home buyers are often in a dilemma, over whether they should apply for a loan from a housing finance company (HFC) or a bank. The recent liquidity crisis being faced by non-banking finance … READ FULL STORY
In what might result in fresh flow of liquidity to India’s cash-starved real estate sector, the Reserve Bank of India (RBI), on October 22, 2020, made changes in the regulatory framework for housing finance … READ FULL STORY
In order to help senior citizens who own a home but do not want to sell them, and yet, supplement their regular cash flow, the government of India has introduced the ‘Reverse Mortgage Scheme, … READ FULL STORY
With housing finance, one need not wait to complete a large part of one’s working life, to save up for a property purchase. A home buyer can simply save up for a part of … READ FULL STORY
Have you taken a loan to buy your dream home? If so, you will be familiar with the process. One of the requirements that your lender would insist on, is for you to take … READ FULL STORY
In an indication that activity in India’s real estate sector may see some revival in the times to come, the inquiry volumes for home loans in the country during July-August 2020 were back to … READ FULL STORY
Borrowers always feel a sense of relief, when they close their home loans, after months and years of paying the EMIs. At this stage, although one may feel carefree, there are several checks that … READ FULL STORY
The home loan moratorium provided by banks, following the COVID-19 pandemic, came to an end on August 31, 2020. This facility was quite useful for individual borrowers who had taken home loans and were … READ FULL STORY
Salaried borrowers who have opted for the Reserve Bank of India’s (RBI’s) home loan EMI moratorium, because of the current financial stress, will also see some changes as far as their tax deductions are … READ FULL STORY
Every home loan borrower has to repay his housing loan over a pre-fixed tenure. However, most borrowers might not be aware of the various options that banks offer with respect to the loan repayment. … READ FULL STORY
With loans currently priced below the 7% level, it might be an ideal time for home buyers and investors to purchase real estate. Property prices have also seen a correction, as compared to the … READ FULL STORY
Not all borrowers prefer floating interest rate home loans. This is because rates continue to change throughout the course of the loan tenure. Even though there is scope for the EMI outgo to reduce, … READ FULL STORY
