Bajaj Housing Finance Limited

The company's total income for Q2FY24 came in at Rs 11,206.84 crore, compared to Rs 10,536.56 crore year-on-year

The company booked 6.76 million loans in Q2FY23, up 7 per cent YoY compared to 6.33 million loans booked in the year-ago period

Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked its rate by 0.50 per cent, and the lowest priced product for the salaried and professional applicants will be 7.70 per cent now, as per an official statement. Despite the latest hike, the company claimed to be offering loans at competitive rates compared to most of its peers. LIC Housing Finance has increased its prime lending rate (LHPLR) by 0.50 per cent and the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent previously. The company's chief executive and managing director Y Viswanatha Gowd said the RBI's decision to hike the repo rate by 0.50 per cent has caused "minimum fluctuation" in monthly instalments or tenure of home loan

Dividend Rs 20 per share for FY22

Its overall borrowings stood at Rs 39,128 core, and the mix was 62:38 between banks and markets in September 2021

After the process, the effective date for listing of commercial papers (CPs) with the exchange will be January 1, 2020, it added.

Total Income grew by 40 per cent year-on-year, though profitability of life and general insurances business dragged the overall show

Growing income levels in India are giving rise to multiple investment options to individuals looking to park some of their disposable income across different asset classes.Apart from investing in the stock markets, gold and mutual funds; real estate seems to be the most preferred asset class in India. An average Indian household invests about 77 percent of their total assets in different forms of real estate like - residential properties, weekend homes, open plots, etc.However, investments also need to be planned to consider one's tax planning exercise, regular income generation, and future security. Taking all this into consideration, one of the most viable investment options comes in the form of purchasing a second home. While the value of the second home will appreciate over time, it can also generate money in the form of rentals, which not only takes care of the maintenance costs but also adds to one's savings. On top of this, buying a second home can also help you get a home loan