Housing Loans

Economic uptick boosts credit offtake beyond 20% in retail, services

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

Bank of Baroda slashes home loan rates by 25 bps for limited period

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

LIC Housing Finance plunges 13% on disappointing September quarter results

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.

Navigating the affordable housing finance market

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

Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO

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

HDFC hikes retail prime lending rate on housing loans by 25 bps from Aug 9

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

'Housing loan disbursals up in tier 3, 4 cities with more female 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

Rising interest rates won't impact housing demand: HDFC chairman Parekh

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

HDFC raises home loan interests by 30 bps after RBI's repo rate hike

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

HDFC hikes retail prime lending rate on housing loans by 5 bps

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 Home Finance ties up with SBI for affordable housing loans

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

Scrutinise agreement before signing it

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

Forget Squid Game, here are some strategies to get out of debt in real life

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

RBL Bank Q3 net doubles to Rs 147 cr on other income, low operating costs

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

L&T Finance: Retail shift slowly playing out, credit cost remains a concern

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

Going for a joint home loan with a relative can boost chances of approval

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

RBI announces measures to boost credit flow to real estate sector

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

LIC Housing Finance expects Q3 loan growth to be in double-digits

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

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

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

Subsidy extension to spur demand for affordable housing, say experts

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