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Home loan market may become more competitive
The Rs 4.8 lakh crore home loan market in India is expected to see more competition in the next months. The competition would increase due to the steady pressure from some non banking finance companies (NBFCs). These companies are experiencing a compounded annual growth rate (CAGR) of 15% for the earlier 5 years. Laxmi Vilas Bank has introduced its housing finance division. Others in the line include... [Read more]
Home loan market braces for increased competition
BANGALORE: India’s Rs 4.8 lakh-crore home loan market is expected to see increased competition over the next few months thanks to a constant trickle of non-banking finance companies (NBFCs) looking to get a toe-hold into a market which has been witnessing a compounded annual growth rate of 15% during the last five years. While Karur-based Lakshmi Vilas Bank has floated a home finance NBFC, others... [Read more]
CorpBank new home loan at 8.25%
Corporation Bank has introduced new home schemes at 8.25 per cent interest rate. Known as ‘Corp Home Smart’, the schemes are valid from July 19 to December 31. Under the scheme, for loans up to Rs 50 lakh, the rate of interest is 8.25 per cent for the first year and 8.75 per cent for the next two years. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=9420&cat_id=2 Read More →
Rupeetalk.com explains different factors which need to be considered before availing a home loan.
Mumbai, Maharashtra — (SBWIRE) — 06/14/2010 — Availing home loans in India have become extremely easy, convenient and hassle free. Today, with almost all banks and financial institutions operating in India offering home loan to potential borrowers, the dream of owning a house can now be turned into reality. Banks and other lending institutions are advertising their loan products... [Read more]
Increase your home loan eligibility
When you apply for a home loan, banks normally sanction between 70 per cent and 80 per cent of the loan-to-value ratio. The eligibility can be increased if collaterals are provided in the form of life insurance policies, national saving certificates (NSC) and other investments. However, what happens if the borrower were to expire? While the best way to hedge against any eventuality is to buy a home... [Read more]
