The Reserve Bank of India (RBI) in its third bi-monthly policy of the current fiscal, on August 1, 2018, raised the benchmark repo, or the short-term rate at which it lends to other banks, … READ FULL STORY
What is Primary Lending Rate regime After the deregulation of interest rates following the liberalisation of the economy, banks used to lend at a rate that was benchmarked against their internal rate, which was … READ FULL STORY
There are various factors that determine whether you will get a home loan or not. Consequently, it is advisable to know your home loan eligibility in advance, so that you can plan the purchase … READ FULL STORY
The Reserve Bank of India (RBI), for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 per cent to 6.25 per cent, on inflation concerns, … READ FULL STORY
With little space left in the developed areas of metropolitan cities, home buyers have shifted their focus towards upcoming locations. In Kolkata, there are many advantages to buying a home in an emerging location, … READ FULL STORY
Public sector banks, such as the State Bank of India and private sector lender, ICICI Bank, have recently announced an increase in their marginal cost of funds-based lending rate (MCLR). Consequently, the interest rates … READ FULL STORY
Non-banking finance companies’ (NBFCs’) and housing finance companies’ (HFCs’) wholesale credit book, which includes real estate and infrastructure lending, is likely to grow at 21 per cent annually till 2020, said a report. Asset … READ FULL STORY
Piramal Finance, the financial services arm of diversified firm Piramal Enterprises, on April 24, 2018, said it has expanded its housing finance business to Pune, marking its foray into the market. Piramal Housing Finance, … READ FULL STORY
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the … READ FULL STORY
Despite a surge in delinquencies, lenders are increasingly focusing on the self-employed segment, to fuel home loan growth but there is a need to tread cautiously in this risky segment, given the massive spike … READ FULL STORY
Non-banking finance companies (NBFCs) and mortgage lenders, which control the lion’s share of developer loans, are using all the tricks in the marketing and finance trade books to help realtors, who are still reeling … READ FULL STORY
People at the beginning of their careers, are generally not in a position to spare huge money for servicing a home loan, which they have to invariably take in order to finance the purchase … READ FULL STORY
When it comes to a women home buyers and investors, they are now getting special attention from the government and banks. “As women increasingly become financially independent, their propensity to purchase a home and … READ FULL STORY
