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Housing loan News

08 Jun 2018

Affordable housing loan to become cheaper due to this RBI decision

The RBI has raised the loan limits under PSL Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.

Investment in property

16 Mar 2018

How to build your dream home: A step-by-step financial guide

Let us explore some of the key factors to consider before applying for a home loan and understand how you can financially plan the same.

30 Mar 2017

Home loan interest too high for Indian buyers, study finds

There is significant demand for affordable housing amongst the younger age (25-44 years) in smaller towns than in metros and mini-metros.

24 Feb 2017

EPFO to launch housing scheme for over 4 crore members in March

Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.

16 Feb 2017

How people can benefit from PM Modi's new housing scheme

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

12 Jan 2017

NAREDCO demands infrastructure status, tax incentives for housing sector in Union Budget

In order to effect a revival of real estate sector, realtors' apex body NAREDCO on Thursday demanded infrastructure status to housing and tax incentives for home buyers and developers in the upcoming Union Budget.

Business News 2016

19 Dec 2016

Bonanza for Central government employees: 7th Pay Commission recommendations rolled out

The government had in January 2016 had set up the high-powered panel to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of nearly 50 lakh central government employees and 58 lakh pensioners.

15 Dec 2016

Jharkhand slashes housing loan interest rate for MLAs

The ruling Bharatiya Janata Party in Jharkhand has shown generosity towards legislators by slashing interest rate on housing loan to a mere four percent.

23 Jun 2016

Money Guru : Benefits of Housing Loan

07 Apr 2016

SBI, ICICI cut home loan rate by 0.10%

Leading banks SBI and ICICI on Thursday cut their home loan rates by 0.10 percentage point to 9.4 percent following implementation of a new interest rate calculation regime mandated by RBI.

housing companies

09 Oct 2015

Housing finance companies gain as much as 9.3% on RBI move

RBI said that banks can now provide loans up to 90 percent for properties that cost Rs 30 lakh or below.

25 Feb 2015

Budget 2015: Expectations of Home Buyers

Here are some changes that the Home Buyers expect in this year’s Budget.

Real estate development

22 Jan 2015

Priority sector lending benefits for housing sector likely

In order to boost real estate development, government is planning to extend priority sector lending benefits to the housing sector and work on bringing down the interest rates to 7-8 percent.

19 Jan 2015

Bank can't recover EMI on undisbursed loan, rules Forum

Even though the loan amount was not actually disbursed to the complainant till March 2009, the recovery of the housing loan principal and interest at the rate of 10 percent was made by the bank.

09 Dec 2014

Enhance exposure in Housing finance firms: PMO to EPFO

Retirement fund body EPFO is considering significantly increasing its exposure to housing finance companies to comply with PMO's suggestion to fund low cost housing in the country.

27 Aug 2014

SBI cuts interest on home loan by up to 0.15%, makes rate structure uniform

Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15 percent on housing loan and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.

12 Jul 2014

Budget 2014-15 OVERVIEW: Income tax exemption limit raised to Rs 2.5 lakh; PPF cap hiked

Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh.

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