As per a notification issued by the RBI, new housing loans will attract a risk weight of 35 percent where LTV is less than 80 percent and a risk weight of 50 percent where LTV is more than 80 percent but less than 90 percent.
Repco has gone through a rough period marked by a lack of growth in home market and the rising delinquencies in the non‐salaried segment
Can Fin Homes maintains the least risky portfolio with negligible builder/developer funding book
Provisioning is likely to increase for LICHF, given challenging times, and will weigh on earnings and compress return ratios in FY21
If you can, it is better to keep paying your EMIs and not take the moratorium
LICHF's stock price has corrected 50 percent from the all-time high of Rs 587 in July 2019.
Floating rate home loans are more transparent and flexible
Here's a list of banks that are offering lowest interest rates on home loan.
Know the reasons for which your home loan can be rejected by a lender or a bank
If you are planning to transfer your home loan to a new lender, Check-out the five things you should ensure before transferring your home loan.
Home Loan Transfer: If you are planning to transfer your home loan to a new lender, Check-out the five things you should ensure before transferring your home loan. Click here to know more!
Moneycontrol’s Shraddha Sharma gets in conversation with Preeti Kulkarni to find out whether you should you go for the scheme or not.
Home Loan Eligibility: The housing loan eligibility criteria differs from bank to bank. Check-out the eligibility criteria for some of the top banks in India & know if you are eligible candidate for the loan.
The floating rate is linked to an external benchmark and will be independent of the loan amount or duration.
The bank has fixed its lending rate based on the external benchmark (EBR) at 8.05 percent.
The lender has also voluntarily extended the benchmark to micro and small enterprises from October 1
The banking regulator that has recently been entrusted with supervision of non-banking finance companies (NBFCs), is “studying” loan pricing methods in the sector, while no review is in the works as of now.
The step could especially benefit those without steady income flows and credit histories, the group that has traditionally turned towards the informal sector for high-cost credit
The external benchmarking mandate may lead to ALM risk in banks' books if they are unable to address the interest rate risk between floating rate loans and fixed rate deposits.
Fino Payments Bank eyes profitability by March 2020, RBI selects vendor for developing mobile app for visually impaired and other developments from the banking sector
Das said that banks have responded positively to linking interest rates to external benchmark but the process needs to be faster.
Union Bank of India also said that it expects MCLR to ease by 15 basis points going ahead. It plans to link its home and auto loan portfolios to RBI's repo rate, as against MCLR presently.
In a letter to shareholders published in the annual report, Parekh said that the housing finance company will continue to focus on the government’s initiative of “Housing for All.”