The third-largest private sector lender, Axis Bank, has announced a new home loan product, wherein the bank will waive off four equated monthly instalments (EMIs) each, at the end of the fourth, eighth and … READ FULL STORY
Almost all the public sector and private banks, offer loans against future rentals. With this facility, home owners can avail of a line of credit, on the basis of future rentals for their house … READ FULL STORY
Realty prices in the country, have been impacted by various factors over the past year, such as the GST, RERA, demonetisation and the support to affordable housing. Experts point out that property prices were … READ FULL STORY
The Reserve Bank of India, on August 2, 2017, slashed its benchmark lending rate by 0.25 per cent to six per cent, citing a reduction in the upside risk to inflation. This reduction in … READ FULL STORY
The government has been trying to support the cause of housing, through its ‘Housing for All by 2022’ mission. Under this mission, the government has come out with two schemes, to partly fund the … 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
There are several benefits to buying a property in a woman’s name, either as the sole owner or as a joint owner, with governments and banks offering several sops. “Aspiring home buyers can seek … READ FULL STORY
A pre-approved loan is an instrument that is used by banks, to attract customers to avail of its facility without much hassle. Generally, there is a fair amount of uncertainty for home buyers, till … 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
A borrower can shift the home loan to any other lender, who is willing to offer better interest rates. At times, a home loan applicant may also want to increase the loan’s tenure, due … READ FULL STORY
