If there is a failure in the home loan EMI payment, the bank may send you a legal notice and consider you as a loan defaulter. Recently, the government of India strengthened the laws … READ FULL STORY
The National Housing Bank (NHB) has directed housing finance companies to desist from extending loans under the subvention scheme. This move by the NHB, is expected to squeeze the liquidity position of real estate … READ FULL STORY
When you buy a property or book a property, it is necessary for you to have sufficient funds at your disposal. These liquid assets can be in the form of bank balance or investments … READ FULL STORY
When it comes to taking a home loan, borrowers have to consider numerous options – different interest rates offered by various banks (which may be fixed rate, floating rate, or semi-fixed rate), in addition … READ FULL STORY
Despite the presence of big financial institutions and banks, housing finance companies (HFCs) have performed incredibly well, in reaching out to needy home buyers. In an exclusive interview with Housing.com News, Ramratthinam S, CEO … READ FULL STORY
Update on July 5, 2019: Finance minister Nirmala Sitharaman, while presenting the Union Budget 2019-20, on July 5, 2019, said the government is proposing additional tax deduction of Rs 1.50 lakhs on the interest paid … READ FULL STORY
Finance minister Piyush Goyal, on January 28, 2019, exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors and also assured these lenders of all kinds of … READ FULL STORY
Traditionally, property investment has been viewed as a safe and stable long-term asset in India. It is often an emotional decision for Indians and is perceived as an indication of one’s status and wealth … READ FULL STORY
It is important to do your homework well, before you apply for a home loan. There are many reasons due to which a loan application can be rejected by a bank. Also, you may … 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
Housing loans of up to Rs 35 lakhs, for dwellings costing less than Rs 45 lakhs, will be treated as priority sector lending (PSL), to give a fillip to the low-cost segment, the Reserve … READ FULL STORY
In a statement on June 6, 2018, the Reserve Bank of India (RBI) said that it has decided to revise the housing loan limits for priority sector lending (PSL) eligibility from Rs 28 lakhs … READ FULL STORY
The government of India, on November 16, 2017, approved an increase in the carpet area of houses for the two middle-income group (MIG) categories, under the Pradhan Mantri Awas Yojana – Urban. Under the … READ FULL STORY
