Sluggish growth has had an adverse impact on several real estate players, resulting in many of their loans turning into non-performing assets (NPAs) for the banks and financial institutions. Recently, the government of India … READ FULL STORY
Earlier, whatever interest that a borrower paid against a housing loan, was allowed to be completely adjusted from the income, as a deduction. Now, this deduction has been capped to Rs 2 lakhs and … READ FULL STORY
While there is a lot of buzz over the Goods and Services Tax (GST) in the market, most people remain unsure about how it will impact various businesses. In the real estate sector, people … READ FULL STORY
The overall housing credit as on March 31, 2017, stood at Rs 14.4 trillion, as against Rs 12.4 trillion as on March 31, 2016, indicating a growth of 16 per cent in the financial … READ FULL STORY
How much loan should one take? This is a dilemma that most home loan seekers face when buying a home. Taking more loan than needed, can have an adverse impact, warns Rajiv Raj, co-founder … READ FULL STORY
Due to the options of staggered payments and lower rates, many people opt for an under-construction property without realising its financial risks. Here are some of the benefits of a ready-to-move property as compared … READ FULL STORY
Reduction in loan-to-value ratio While lending money against any tangible security, the lender can advance a loan up to a certain percentage of the asset’s value. This is called the loan-to-value (LTV) ratio. This … READ FULL STORY
Close on the heels of the Reserve Bank of India’s (RBI’s) policy action, India’s largest lender, State Bank of India, on June 9, 2017, announced a lowering of interest rates by 10 basis points, … READ FULL STORY
The Reserve Bank of India (RBI), on June 7, 2017, reduced the risk weight for individual housing loans above Rs 75 lakhs, to 50 per cent from the earlier 75 per cent, while for … READ FULL STORY
The Reserve Bank of India (RBI), on June 7, 2017, kept interest rates unchanged, as widely expected but raised concerns over fiscal slippages in view of a rush for farm loan waivers. The fifth … READ FULL STORY
The National Housing Board (NHB) has given its nod, for the merger of Dewan Housing Group companies Aadhar Housing Finance Ltd and DHFL Vysya Housing Finance Ltd. “We have received the NHB’s nod in … READ FULL STORY
To whom are these reduced rates applicable The reduction in State Bank of India’s (SBI’s) rates, is not as widely applicable, as is made out to be. It is not that the home loans … READ FULL STORY
State Bank of India, on May 8, 2017, announced a steep reduction in its affordable home loan rates by up to 25 basis points, with the lowest rate of 8.35 per cent for new … READ FULL STORY
