Home Loans

Is there a charge on prepayment of home loan?

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

BFSI Summit: Home loans remain top financing choice for urban Indians

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

Most urban Indians aspire to own homes, prefer home loans: Report

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

Most urban Indians aspire to own homes, prefer home loans: Report

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

Real deal about festival home loan offers; starting marathon running

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

US 30 year mortgage rate slips to 6.13%, refinancing activity jumps

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 origination volumes decline 9% in June quarter, says report

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 .

US-India partnership to solve global challenges, advance growth: Official

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

How long does it take for a home loan to be sanctioned after applying?

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

Rs 25 lakh loan at 5% needed for middle-class homebuyers: Naredco president

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

Planning a home loan? A guide on choosing between fixed & floating rates

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

Maximise tax savings with home loan deductions: Check details to know more

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

RBI monetary policy: Why borrowers may continue facing high home loan rates

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

Home loan outstanding up by Rs 10 lakh cr: What does this mean?

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

PNB Housing Finance Q4 results: Net profit rises 57% to Rs 439 crore

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

Terms of contract override sales pitch

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

NBFC loan sanctions increase by 6% in Q3FY24, consumer segment up 30%

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

Know How to Save Tax on Your Home Loan This Financial Year

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Home loans business gives HDFC Bank CASA boost, says Arvind Kapil

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

Rooftop solar programme to be gamechanger: SBI chairman at BS IML Conclave

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