In the financial landscape of India, Loan Against Property (LAP) have emerged as a popular and versatile financial tool, allowing individuals to unlock the value of their property for various purposes. Over-The-Counter (OTC) platforms … READ FULL STORY
A loan against property can be an effective way to deal with emergency situations or fund your business expansion plans. Since the interest rates would be among the most dominant factors when you choose … READ FULL STORY
ICICI Bank, on November 11, 2020, announced that its mortgage loan portfolio has crossed the milestone of Rs 2 trillion (Rs 2 lakh crores), making it the first private sector bank in the country … READ FULL STORY
A home loan is taken for the purpose of either buying a ready-to-move-in house or for the purpose of booking an under-construction property. Home loans are available for residential, as well as commercial properties. … READ FULL STORY
Property is an asset that not only provides you with a roof over your head throughout its life but also acts as a saviour in times of need. For example, a property owner who … READ FULL STORY
Investment in real estate, especially residential properties, is quite popular amongst the investors. However, the benefit and opportunities available for investments in commercial spaces, could be far more significant than residential properties. Rental yields … 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
Delinquencies in the loan against property (LAP) market are set to rise 70 basis points (bps) to 3.3 per cent this fiscal, even as underlying risks stemming from moderating growth, intensifying competition and falling … READ FULL STORY
Amidst excess liquidity, the largest private sector lender ICICI Bank, on September 28, 2017, launched a mortgage product assuring borrowers a one per cent cash-back on their monthly installment payment. The product, which comes … READ FULL STORY
Financial services company, Piramal Finance, on September 27, 2017, announced its entry into the retail housing finance business, through its wholly-owned subsidiary, Piramal Housing Finance. The company will offer home loans, as well as … READ FULL STORY
Rating agency, India Ratings and Research, has warned that signs of early stress are clearly visible in the loan against property (LAP) business, indicated by a sharp rise in 90 days past due (dpd) … READ FULL STORY
