Home Loans

Compare potential returns from investments against savings from reduced interest payments by prepaying the loan

As per a Knight Frank-Business Standard report, 52 per cent of surveyed urban Indian homebuyers prefer apartments

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

52 per cent of people prefer apartments, according to Business Standard-Knight Frank report

This week we report about how to review a discount home loan and what you need to take up running

Refinancing now accounts for more than 57 per cent of all mortgage applications, the data show, above the historic median of 48 per cent

Home loan originations dropped 9 per cent in the June quarter, according to a report released on Monday. From a value perspective, quantum of home loan originations was at par with the year-ago period, the report by credit information company Transunion Cibil said. The outstanding balances on home loans grew only 14 per cent during the quarter, making it the slowest growth across all categories which constitute retail lending, the report said. Interestingly, the decline in origination volumes and the sluggish growth in outstanding balances came at a time when the incidence of non-payment of loans reduced during the quarter, the report said, pointing out that the advances overdue for over 90 days stood at 0.9 per cent in June 2024, showing a 0.32 per cent improvement. "India's retail credit growth moderated in the quarter ending June 2024 as financial institutions tightened the supply of credit, particularly on consumption-led products like credit cards, consumer durable loans and .

India and the United States are working together to solve local and global problems, a senior American official said during her just-concluded trip to the South Asian country, according to a media release on Monday. Nisha Biswal, the US International Development Finance Corporation's (DFC) Deputy Chief Executive Officer, during her travel to Mumbai and New Delhi from September 10-14, highlighted the DFC's partnership with India to advance key growth and development priorities and work with the nation to solve the world's most critical challenges, the release said. While in India, Biswal announced USD 70 million in new DFC investments to support affordable home loans in India and vaccine manufacturing, it added. She spoke at the US-India Business Council's (USIBC) India Ideas Summit about the DFC's strategic vision for driving long-term growth between both countries and the broader Indo-Pacific region. She also spoke at a Milken Institute-hosted event that brought together US public

Home loan sanction process can take anywhere from a few days to a few weeks

Around 30% of Indians are unable to afford home loan EMIs at current rates, says G Hari Babu

The choice between fixed and floating rates should align with individual financial situations, risk tolerance, and long-term goals

Home loan borrowers should be aware of all the income tax breaks available on home loans, as this can substantially reduce their tax liabilities

Banks are unlikely to adjust their lending rates soon, meaning your EMI will stay the same for now

The real estate boom is expected to continue, although the growth rate might slow down slightly due to the high loan amounts already issued.

The net fees and other income increased to Rs 110 crore in Q4 FY24 from Rs 33 crore in the corresponding quarter of the year-ago period

The SC said that Monga could not be allowed to question the interest rate after having acquiesced by signing the loan agreement

Home loans sanctions contract 2 per cent; consumer loans grow 30%

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The CASA deposits of the bank grew by 2.2 per cent quarter-on-quarter(QoQ) to Rs 8.35 trillion in Q3 FY24 with CASA ratio inching up to 37.7 per cent from 37.6 per cent in Q2 FY24

Dinesh Khara also said that SBI has started leveraging technology and aims to make YONO 'a digital bank within the bank'