Usually, there is a lot of insecurity among home buyers till a bank approves their loan. A pre-approved loan is a product offered by banks to give some respite to such anxieties. Simply put, a pre-approved loan is an instrument that banks use to lure customers to avail a loan without much hassle. In a […]
Home loans Archive
May 2, 2016 10:00 am
Get extra tax exemption on your first home loan
The Finance Bill 2016, which is expected to be approved by Parliament during the ongoing second half of the Budget session, provides for up to Rs 50,000 tax benefit on housing loans up to Rs 35 lakh taken for first residential property. The proposal aims to promote the government’s ‘housing for all’ scheme and strengthen […]
May 1, 2016 11:00 am
Home Loans for everyone by PNB Housing Finance
In an effort to bring cheer to middle and lower income segments which dream of owning a home at affordable Equated Monthly Installments, PNB Housing Finance Ltd. launched a special home loan scheme for the salaried and self-employed professionals with income starting from Rs 10,000 per month and above for a loan amount up to […]
March 25, 2016 6:00 pm
For borrowers, interest matters
In the traditional Indian society, a ‘loan’ was considered to be a forbidden fruit. From times when ‘udhaari’ was a strict no-no, to the time when we have loans for everything, things have changed really. Now-a-days, loans are available for holidays to weddings and from homes to cars. And if this was not enough, the […]
October 10, 2015 6:00 pm
Festive cheer may overlook the realty sector
Despite real estate developers trying all kinds of marketing gimmicks like funding schemes with upfront payment as low as 5 percent of home price, interest waiver for 2-3 years and freebies, sale velocity has not picked up. The residential property market has been deserted- by investors due to slow moving market with stagnant or dipping […]
October 6, 2015 10:00 am
TREDA’s three-day property show a big hit in Telangana
The effect of a cut in home loan interest rates by RBI last week was palpable at the Telangana Real Estate Developers Association’s (TREDA) Property Show. The exhibition which concluded at Hitex, Madhapur on Sunday, was a big hit with more than 70,000 prospective home buyers visiting it. “This is the sixth time we have […]
March 26, 2015 9:00 am
In E-Auction, SBI sells 130 properties: Reports
Country’s largest lender, State Bank of India could sell only about 130 properties in its e-auction of 300 assets to release just about Rs 100 crore. As per the senior official of SBI, “we sold around 130 properties, largely residential through the e-auction process to release just Rs 100 crore: The more he added that […]
March 24, 2015 9:00 am
Changes in RBI home loan guidelines are the positive sign for EWS and LIG: DHFL
Harshil Mehta from DHFL believes that new guidelines of RBI may also get extended for middle income group (MIG) which costs around Rs 12 to 15 lacs in tier-2 and tier-3 cities. To provide a boost for affordable housing, the Reserve Bank of India (RBI) eased norms last week for home loans of up to […]
December 18, 2014 11:02 am
For low cost home loans, RBI eases rules
The Apex bank of India, RBI has eased the norms to get the fund for low-cost housing by permitting banks and other financial institutions to extend the loans against long-terms bonds of infrastructure. However, earlier Reserve Bank of India barred the lenders from providing the loans against the infrastructure bonds on long term basis by […]
October 24, 2014 12:30 am
IDFC Alternatives’ Big Fund for real estate
A big raise of Rs. 750 crore for real estate sector by IDFC Alternatives Ltd, a private equity fund managed by India’s IDFC is raising eyebrows! As per IDFC, this is their maiden real estate funding focused on residential sector in India. This fund called IDFC Real Estate Yield Fund is an indication of a […]
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