Housing Loans

The company would also participate in affordable housing loan schemes of governments

Demand for premium housing in the country has been strong even as the affordable segment saw some pressure due to high interest rates

SMICC has separately invested Rs 150 cr in a subsidiary to expand its affordable housing finance solutions

IMGC's guarantee will mitigate the risk of defaults for the bank, allowing it to potentially offer more favourable loan terms to borrowers, the company said in a statement

The October-December quarter included some key festivals that typically spur demand. Most Indian lenders have reported double-digit loan growth for the period

LIC Housing Finance is aiming to more than double the share of affordable housing loans in its loan book to 20-25 per cent in the next two years, a top official said on Monday. The home finance arm of the insurance behemoth has witnessed a slower loan growth at 5 per cent in the December quarter due to internal restructuring and management changes, its chief executive and managing director T Adhikari, who assumed charge in August, told reporters. He said the company has been focused on the salaried and the high credit scores segment till now, which has led to a lower focus on affordable housing finance till now. "At present, affordable housing is 8-10 per cent of the portfolio, and we are targeting to take it to 20-25 per cent of the loanbook in two years," Adhikari said. He said the segment provides handsome growth opportunities, given the demand for such credit, and offers wider margins to financiers. There will be additional help coming by way of the government's priorities as

Indiabulls Housing Finance on Friday said its Rs 3,693 crore rights issue will be open from February 7-13. The issue consists of 24,62,26,515 partly paid-up equity shares for an amount aggregating to Rs 3,693.39 crore. The issue price is fixed at Rs 150 per share, having a face value of Rs 2, meaning the issue comes at a premium of Rs 148 per share, the company said in a statement. Of the total proceeds from the issue, Rs 273.4 crore will used to augment the capital base and Rs 83.99 crore will be utilised for general corporate purposes. A participating shareholder will get one equity share for every two shares she/he owns as of February 1, 2024 (the record date), the statement said, adding that the last date for credit of rights entitlements is February 6 and the last date for renunciation rights is February 8, which means the rights entitlements can be bought and sold on February 7 and 8. Indiabulls Housing pre-dominantly offers housing loans and loans against property to salari

Bharat Housing Network, backed by Homeville Consulting, operates on a hybrid capital model and off-balance sheet lending to drive its growth

'HDFC Bank has a very ambitious DNA; we expect this to translate into a higher appetite for market share'

Sequentially, the sanctioned shrunk by 20.3 per cent over the quarter ended March 2023 (Q4FY23), data from Finance Industry Development Council (FIDC)-CRIF showed

The loan will be for the long term, that is, up to 15 years

The rise in credit was largely driven by housing and vehicle loans segments

New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders

LIC Housing Finance's net interest income (NII) declined by 0.8 per cent to Rs 1,163 crore in the reporting quarter from Rs 1,173 crore a year ago.

The demand for affordable housing finance is very high, but housing finance companies have not disbursed loans up to their potential, owing to a lack of awareness among customers about such firms

The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra

The mortgage lender has raised rates by 140 bps since May, passing on the entire repo hike to borrowers

Among top 20 districts with highest share of female borrowers in fresh home loan disbursal in FY22 (mostly rural), six districts are from Chhattisgarh and three from Gujarat and Haryana each, SBI said

A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said

For new customers, on loans upto Rs 30 lakh, interest rate charged will be 7.10 per cent.