Page 2 - Home Loan

8.35% interest, discounts on processing fee: Cheapest home loans right now

With interest rates as low as 8.35 per cent and up to a 50 per cent discount on processing fees, it might be the perfect time to consider taking out a loan

Capitalise on festival offers for loans, but heed other conditions too

Loan amount, tenure and prepayment conditions must also suit you

A snapshot of home loan rates offered by various banks and HFCs

Here is how the home loan rates offered by various banks and HFCs stack up

Caution investors: Excess supply of properties could erode returns

The COVID pandemic sparked the desire among people to upgrade their homes both in terms of size and facilities

Urban Money aims to facilitate Rs 30,000 cr home loan disbursement in FY24

Urban Money, fintech arm of Square Yards, on Monday said it expects to facilitate home loan disbursement of Rs 30,000 crore during the current financial year. Urban Money, currently operating from 250 cities, facilitated the disbursal of about Rs 15,370 crore in the last fiscal year through various channels, including banks, housing finance companies, and non-banking financial companies (NBFCs). Facilitating a home loan mortgage transaction involves navigating complex valuation decisions, extensive documentation, and stringent regulations, besides having deep expertise in the real estate value chain, the company said in a statement. "We identified this fundamental gap in 2019 and cracked this space in last four years emerging as the largest mortgage marketplace in the country," Square Yards founder CEO Tanuj Shori said. Urban Money offers a streamlined home loan experience through its tech platform, digitizing the entire mortgage process, including AI-based credit assessments and .

HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio falls

The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago

Residential sales in India poised to breach decadal high this year: CBRE

Led by demand for homes priced between Rs 1 crore and Rs 1.5 crore, the sale of 300,000 units this year is expected to be much higher than the five-year average of 187,000 units

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Professional certification and experience can boost the odds of finding the right individual

Scheme for relief on home loan interest to be launched in September

The scheme to provide relief in interest on bank loans for those dreaming of their own house in cities will be launched in September, an official of the Union Housing and Urban Affairs ministry said on Thursday. Addressing a press conference, Minister Hardeep Singh Puri said the modalities of the scheme are being worked out. "The scheme to provide relief in interest on bank loans for those looking to own houses in cities will be launched in September," Union Housing and Urban Affairs Ministry Secretary Manoj Joshi said. During his Independence Day speech, Prime Minister Narendra Modi announced the scheme for middle-class families who live in cities but do not own a house. "Middle-class families are dreaming of their own house in cities. We will soon launch a scheme for them. "We have decided to give relief in bank loan interest by providing a help of lakhs of rupees to families living in rented houses, unauthorised colonies and shanties in cities, to build their own house," Modi h

Compare Home Loan Interest Rates to Pick the Best Tenure for You

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HDFC Bank wants to ride India consumer boom after home loan dominance

The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha

Switch if you can find 50 bps cheaper home loan; lock into current FD rates

Some lenders have lowered their rates over the past couple of months by reducing their spreads

More clarity on EMIs, tenor: Borrowers can soon switch between floating, fixed loans

RBI is also asking for options to switch to fixed rate loans, which are not typically offered by most banks.

Top Benefits of Transferring Your Home Loan Balance to Another

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Realtors hopeful of sustaining strong sales with RBI keeping rate unchanged

India's housing market will continue to witness higher sales velocity with the RBI keeping key interest rate unchanged, real estate industry experts said while hoping for a repo rate cut in the next round of monetary policy to boost growth. The Reserve Bank of India (RBI) on Thursday decided to keep the repo rate unchanged at 6.5 per cent. Commenting on the development, realtors' body CREDAI National President Boman Irani said, "... We expect both housing supply and demand to sustain its ongoing momentum." "However, given that the inflation is at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, to stimulate growth across all industries," Irani added. Real estate industry body Naredco's President Rajan Bandelkar hailed the RBI move, saying it will help the housing sector that has been performing well from the past two years. Nonetheless, he said, adding the sector needs announcements that could further fuel the growth. With the festive

RBI policy: Is the worst over for home loan borrowers?

Global housing markets outlook brightens despite higher rates, finds survey

House prices rising in some markets are complicating central banks' efforts to bring overall inflation under control as rental costs can make up about a third of inflation baskets

Housing loans rise 15% to Rs 19.36 trn despite high-interest rates

Housing loans outstanding rose 15 per cent year-on-year to a record Rs 19.36 lakh crore at March-end, notwithstanding the Reserve Bank's rate hike spree since May last year, showed central bank data released on Friday. The housing loan outstanding at March-end 2022 was Rs 16.84 lakh crore, a growth of 12.9 per cent year-on-year. The loan outstanding for housing (including priority sector housing) was Rs 14.92 lakh crore in March 2021. The Reserve Bank has hiked the benchmark rate by 250 basis points since May 2022, leading to a firming up of interest rates on all loans, including for purchasing residential properties. Releasing the data on 'Sectoral Deployment of Bank Credit March 2023', the central bank said personal loans registered a growth of 20.6 per cent (year-on-year) in March 2023 compared to 12.6 per cent a year ago, primarily driven by housing loans'. The personal loans segment includes consumer durables, housing, advances against fixed deposits, credit card outstanding,

Home loan borrowers turn to refinancing amid rise in interest rates

Lenders cut spread to attract new customers

Home loan demand declines, special interest rates to continue

CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity