Home Loans

Home loan repayment: Opting for longer tenure? Here's what it could mean for mortgage borrowers

According to BankBazaar’s analysis, buyers who took a home loan of Rs 50 lakh for a tenure of 20 years at 7 percent in the past two years have seen the rate increase to 8.9 percent

RBI rate hike: Home loans to get dearer, impact on residential sales to be moderate

With a hike in repo rates by 50 basis points, interest rates on home loans will rise and the affordability of buying homes will reduce

Applying for a home loan? Here's a step by step guide to the procedure

The bank scrutinises the documents submitted by the applicant like their proof of income, ability to pay back the loan, identity proof and more. A background check is also done to verify the applicant’s details

ICICI Bank cuts home loan rate to 6.70% at par with SBI; new rate available till 1 March

Borrowers of up to Rs 75 lakh will get credit at 6.70 percent while those above that threshold will need to pay 6.75 percent, the bank said

SBI cuts home loan interest rates by 10 basis points to 6.7%; offers additional benefits till 31 March

The bank said the home loan interest rates will start from 6.7 percent for loans up to Rs 75 lakh and 6.75 percent for loans in the range of Rs 75 lakh to Rs 5 crore

HDFC reports 22% fall in net profit at Rs 2,233 cr during Q4, interest income up 17%; announces dividend of Rs 21 per share

HDFC said in a statement that 36% of home loans approved in volume terms and 18% in value terms in FY20 were to economically weaker section and low-income groups.

IOB, Bank of Maharashtra cut lending rates; personal, car and home loan EMIs to become cheaper

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)

COVID-19: Double stress fund for stalled affordable housing projects to Rs 50,000 cr, says EY

The government has so far cleared Rs 540 crore worth projects and preliminary clearance has been given for due diligence in nearly 14 housing projects.

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers

Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans

LIC Housing Finance cuts lending rates to 7.5% for new homebuyers with at least 800 CIBIL score

Mortgage financer LIC Housing Finance Ltd (LICHFL) on Thursday announced to reduce its lending rates to 7.5 percent for new homebuyers having a CIBIL score of 800 and above