Housing Loan

Indians have borrowed more to finance discretionary consumption than housing

Early RBI warnings on top-up loans is fair, but LAP is the real worry

Small ticket loan against property is expected to grow 20-25 percent CAGR over next five years

Centre considering to widen scope, size of housing subsidy under PM Awas scheme: CNBC-TV18

In the expanded ambit of the housing scheme, those who are self-employed, shop keepers as well as small traders are likely to be covered under the scheme, said the source.

Beware of employer-assisted housing loans. It is the ultimate golden handcuffs

It's already a nightmare that health insurance is tied to employment, lumping in housing would further reduce a worker’s flexibility to leave, which, of course, is the intent. For an employee, handing over this level of control may not be in their best long-term interests

HDFC hikes lending rate by 35 bps to 8.65%

The revised rates would be effective from Tuesday.

RBI Monetary Policy : New measures introduced for co-operative banks

RBI governor mentioned that these new measures will ensure better credit flow to the housing sector.

Housing demand to rise on SBI's decision to offer home loan at 6.7% interest rates: Realtors

On Thursday, the country's largest lender State Bank of India announced various festive offers for prospective home loan customers, including a credit score-linked home loan starting at 6.70 per cent, irrespective of the loan amount.

Housing loan market grows by 9.6% in December quarter: Report

The portfolio outstanding of the sector stood at Rs 22.26 lakh crore as of December 2020, as compared to Rs 20.31 lakh crore as of December 2019, according to a quarterly report released by credit information bureau CRIF High Mark.

Is this the right time to buy your dream home?

The ready to move in houses are the best option as it reduces the risk for the buyer.

Putting a limit on loans against property could hinder SMEs' growth

NHB's proposal will have a bigger impact on the growth of small and medium enterprises which have been relying on LAP to meet their short-term requirement of funds.

SBI cuts affordable home loan rates to 8.35%, lowest in market

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 &#82

SBI makes EMIs cheaper, cuts benchmark lending rate by 0.15%

Ahead of the Reserve Bank of India‘s (RBI‘s) monetary policy this week, the country’s largest bank, State Bank of India (SBI), on April 3, 2017, reduced its benchmark lending rate by 0.15% to 9.10%, &#82

Home loan interest too high for Indian buyers: Report

High housing loan interests and reluctance to borrow are dissuading Indian buyers who have to dig into savings to own a house, a study has revealed.

Filing income tax return simplified further; e-filing to start from April

Individuals with salary and interest income will have to fill fewer columns as some of these for claiming income deductions have been clubbed in ITR1 form called 'Sahaj'.

Interest subsidy scheme for MIG housing to be effective from January 1, 2017

The Centre’s credit-linked interest subsidy scheme, for housing loans taken by people in the mid-income groups (MIGs), has been made effective from January 1, 2017, with EMIs to go down by over Rs 2,000 &#82

Rs 2 lakhs cap on interest deduction: How it impacts property investors

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 &#82

Budget 2017: What the real estate industry wants from Jaitley

The real estate sector has been plagued by many challenges, including delays in projects owing to funding issues, complicated government diktats, unclear records and land titles and delays in obtaining approvals. The passage of &#82

Wanted: A budget for budget housing

Right before Union Budget 2017-18, the issue of budget or affordable housing, is once again in the spotlight. As the central government reiterates its commitment towards ‘Housing for All‘, this aim cannot be fulfilled &#82

Interest subsidy on home loans: A gift for the first-time home buyers!

Prime minister Narendra Modi, on the eve of new year, had announced an interest rate subsidy scheme on home loans. It is expected that this move, will provide a huge boost to the realty &#82

Budget 2017: 5 taxation changes that could boost real estate

The real estate sector is expecting Budget 2017 to give greater relief to first time home buyers, more incentives on home loan and introduction of tax relief on home insurance

Banks cut base rates; home loans to be cheaper

Taking a cue from State Bank of India, other lenders including India‘s largest private sector lender ICICI Bank and state-owned Oriental Bank of Commerce and Andhra Bank, have announced cuts in their marginal cost &#82

Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Prime minister Narendra Modi‘s new year‘s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank &#82

Loan rates slashed, should you buy a home now?

MCLR-based lending system ensures that any future cuts are transmitted to the borrowers. So even if interest rates are cut in the future, borrowers will be able to get the benefits of the rate cuts.