Repo rate hikes have been passed on to home loan borrowers, which have led to a significant increase in EMIs ranging from 10-25 percent, says Amit Diwan, Chief Distribution Officer, IMGC
This partnership with IMGC will help RBL Bank extend mortgage guarantee-backed home loans to new borrower segments through the bank’s network of over 500 branches across the country
Sagen, the largest private-sector residential mortgage insurer in Canada, is owned by Brookfield Business Partners LP, which is a group entity of Brookfield Asset Management Inc.
The firms mentioned that this product is for customers who are receiving salary through a banking channel and have at-least 10 years of service remaining.
The India Mortgage Leadership Conclave (IMLC), hosted by India Mortgage Guarantee Corporation (IMGC) and CNBC TV18, brought together experts, thought leaders and stakeholders to discuss on important parameters in the mortgage industry and gave insights and key learnings on what needs to be done in terms of risk, credit, liability, management, liquidity, digitisation, etc.
The following article is an initiative of IMGC and CNBC TV-18 and is intended to create awareness among readers
In an interview to Moneycontrol, Amitava Mehra, CEO, IMGC, says he expects Finance Ministry Arun Jaitley to take measures to boost home sales.