Housing Loans

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.

HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier

IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans

The National Commission indicted the bank for having obtained signatures on the loan agreement in which critical spaces had been left blank

The most-expensive-debt first approach is cost-effective, while debt snowball has been found to be the most successful

Affordable housing and tractor loans are the new business segments that the bank is entering

While disbursements improved in Q3, asset quality trend remains an uncomfortable patch

In case of default, credit score of co-borrower would also get affected

The requirement of standard asset provision of 0.25 per cent will continue to apply on all such loans, the notification added

India's second-largest pureplay mortgage lender LIC Housing Finance expects a bumper festival season as it eyes loan growth to be in double-digits

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

The scheme, which has been extended to March 2021, offers interest subsidy of 3-4% to middle-income groups, depending on their income levels