Page 2 - Home Loans

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'

High-value home loans: Enhance your credit score to boost eligibility

Engage a property lawyer to carry out title and other checks for smooth approval

Bank of Maharashtra slashes home loan rate on new year by 15 bps to 8.35%

State-owned Bank of Maharashtra (BoM) on Wednesday trimmed its home loan rate by 15 basis points to 8.35 per cent as part of its new year offer to customers. The processing fees are also waived on home loans, BoM said in a statement. This dual benefit of reduced interest rates and waiver of processing fees in home loans is a testament of bank's commitment to offer best financing solutions to all its valued customers and help them fulfil their needs, it said. In the current high-interest rate landscape, bank is making retail loans cheaper to bring in cheer among customers, it said. By introducing this offer, bank is offering one of the lowest interest rates in the banking industry for home loans, it said, adding, the bank has already waived processing fees for home, car and retail gold loans under its 'New Year Dhamaka offer'.

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

Bandhan Bank receives Rs 280 crore bid for Rs 776 crore home loan NPAs

Bandhan decided to sell housing loan NPAs, where repayment was due for over 180 days, worth Rs 776.62 crore as on September 30.

PNB Housing reaches loan book size of Rs 1,000 crore for affordable homes

Girish Kousgi, MD and CEO at PNB Housing Finance said that at the current pace, the company may add another Rs 1,000 crore to its loan book in the next six months

SBI, BoB offering home loans at 8.4%: Full list of existing loan rates

Repo rate pause coupled with new RBI guidelines giving borrowers the ability to switch to fixed-rate home loans at their discretion makes it favorable for buyers consider taking out a loan

Home financing: Who get the best loan offers, what are the lowest rates?

Credit score determines the customer character and capacity which helps customer to negotiate the commercials with the developer as well as financial institution

Would like to see 10-12% of funding met by public deposits: CEO, LIC HF

Most of our funding, around 52-53%, is through NCD issues, says Adhikari

SBI offers special discounts on home loan rates as festive season kicks in

Under a special campaign for home loan borrowers, the country's top lender is offering concessions of up to 65 basis points. The last date for the concession on home loans is December 31, 2023.

Bank credit outstanding to real estate hits record Rs 28 trn in July: RBI

Bank credit to housing as well as commercial real estate witnessed nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data. It is evident from the Reserve Bank's loan outstanding data as well as property consultants data on housing sales and new launches across major cities that activities in the real estate sector are moving at a fast pace. The credit outstanding in housing (including priority sector housing) rose 37.4 per cent annually in July crossing Rs 24.28 lakh crore, showed the RBI's data on 'Sectoral Deployment of Bank Credit July 2023'. The credit outstanding to the commercial real estate increased by 38.1 per cent to Rs 4.07 lakh crore. Commenting on the RBI data, Anarock Chairman Anuj Puri said the impressive loan growth in the real estate sector is a function of a large-scale demand revival across the board. "The commercial office segment was reeling under the pandemic's press

Housing demand has power to unlock economy's potential: HDFC Bank Director

HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than other segments. "Housing holds the key to unlock the potential of the economy. I am optimistic about the demand for housing in India. It also generates huge employment," Mistry, vice-chairman and CEO of erstwhile HDFC said. Mortgage lender HDFC has now been merged with HDFC Bank. Mistry said the penetration level of mortgage lending is very low in the country as compared to the US or China. "Mortgage to GDP ratio is very low in India," he said. "The structural demand for housing in the country will always be strong," Mistry said, adding that "housing loans are safe and have better credit risk profile". Regarding corporate governance (CG), Mistry said the r

Explained: Borrowers can change tenures, EMIs, switch to fixed rates during loan resets

RBI has now made it mandatory that at the time of sanctioning a loan, the bank will have to convey in writing to the borrower the impact of a rate change.

RBI's new guidelines: Home loan borrowers can switch to fixed rate at reset

RBI guidelines bar penal interest rates on loans, negative amortisation

Home loan EMI in affordable housing category up 20% in last 2 yrs: Anarock

Home loan EMIs for customers who bought properties less than Rs 40 lakh have gone up 20 per cent in the last two years due to a rise in mortgage rate, according to real estate consultant Anarock. The consultant pointed out that the affordable housing segment suffered the most during the COVID pandemic and has not recovered in the last two years. Anarock said that affordable home buyers have been paying almost 20 per cent more in their EMIs over the last two years. The floating interest rates for home loans up to Rs 30 lakh have risen from 6.7 per cent in mid-2021 to nearly 9.15 per cent now. "Home loan borrowers who were paying an EMI of approx. Rs 22,700 in July 2021 are now paying about Rs 27,300 today -- an increase of approx. Rs 4,600 per month. This 20 per cent increase in the EMI has resulted in a jump of approx. Rs 11 lakh in the overall interest component - from approx. Rs 24.5 lakh interest payable in 2021 to approx. Rs 35.5 lakh today," Anarock Head-Research Prashant Thaku

Affordable home buyers suffer most, EMIs up 20% in just last two years

The total interest payable over a 20-year tenure is now more than the principal amount.

Govt told banks not to take harsh action against borrowers for loans: FM

Union Finance Minister Nirmala Sitharaman on Monday said both public and private banks have been instructed that harsh steps should not be taken when it comes to the process of loan repayment and that they should handle such cases with sensitivity. Sitharaman said this while making an intervention during the Question Hour in the Lok Sabha on a question related to repayment of loans taken by small borrowers. "I have heard complaints about how mercilessly loan repayments have been followed up by some banks. The government has instructed all banks, both public and private, that harsh steps should not be taken when it comes to the process of loan repayment and they should approach the matter with humanity and sensitivity in mind," she said.