home loans
DBS Bank to enter affordable home loan segment this fiscal
Tue, Apr 11, 2023
DBS Bank India on Tuesday said it will enter the affordable home loan segment by the end of this financial year as the lender looks to expand the retail portfolio. The bank is looking to launch the product during the fourth quarter.
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India 360: RBI MPC Curbs Arbitrary Penal Interest On Loans For Consumer Protection, Watch This Special Report
Wed, Feb 08, 2023
Today Reserve Bank of India increased the repo rate by 25 bps to 6.50 per cent. RBI has hiked the interest rates for the sixth time in a row this year. Announcing the monetary policy, RBI Governor Shaktikanta Das said that that it has now been decided that the penalty charge for delay or default in loan repayment will be limited and transparent. RBI said that the penalty imposed by banks or NBFCs cannot be a source of income. Watch this special report on India 360.
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Costlier home loans, properties hit home buying affordability marginally in 2022: Report
Thu, Dec 29, 2022
In its annual proprietary study 'the Affordability Index 2022', Knight Frank India pointed out that home buying affordability levels in Indian markets have declined in 2022 compared to 2021, according to a statement.
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Why rate hikes unlikely to impact asset quality of home loan portfolios – rating agency ICRA explains
Tue, Nov 08, 2022
Mortgage lenders have limited headroom to extend the loan tenures given the fact that the prime home loan segment already has long tenures, and a further extension in loan tenures will lead to overall tenures extending beyond the working life of the borrower, rating agency Icra said.
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Money Guru: How To Reduce EMI Of Home Loan, Car Loan? Experts Explained | Watch This Video
Fri, Aug 05, 2022
RBI raised the repo rate by 50 basis points. With this the repo rate has increased from 4.90% to 5.40%. In all, the RBI has raised benchmark lending rate by 1.40% points since May this year. Now all types of loans will be expensive. EMI will be increased on home loan, car loan. On increasing the EMI, the existing savings will be less. On increasing the loan rate of the bank, the bank will increase the tenure. Make a plan to improve the budget, reduce expenses, make a list of necessary expenses. Keep repaying the loan when you get the lump sum amount. Increase EMI if you can pay EMI with extra savings: Pankaj Mathpal, MD, Optima Money Managers and Jitendra Solanki, SEBI Registered Investment Adviser.
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Money Guru: Should You Buy Flat, House With Home Loan Or Avoid Paying EMIs?
Tue, Jul 05, 2022
The EMI of the house should not exceed 50% of the income. Homes can also be bought for investment purposes. Keep the amount for the house only up to 50% of the portfolio. Home loans are available from banks, financial institutions. EMI increases due to increase in home loan rates. You can buy a home by taking a home loan: Feroze Azeez, Deputy CEO, Anand Rathi Wealth Ltd
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Money Guru: Where To Invest Lumpsum? Should You Go For SIP Or Pay EMI? Expert Decodes The Right Solution
Wed, Jun 29, 2022
Banks made home loans expensive. The effect of increase in interest rate can be reduced by pre-payment. You can cut down on EMIs by making higher prepayments. In between, one can pre-payment in lump sum. The prepayment amount is deducted from the loan principal. Do not take too many loans. Pay EMI on time. Do not use credit cards excessively. Pay your credit card bills on time. Take loan only when you need: Hemant Rustagi, CEO of WiseInvest Pvt Ltd. Watch Money Guru.
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Wealth Guide: How rising interest rates will impact home buyer's affordability, explains Knight Frank India's this report
Tue, Jun 14, 2022
Reserve Bank of India (RBI) on last Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months.
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Wealth Guide: RBI Policy Impact - Which rates are affected by rate hikes? What loan borrowers should do? Expert advice
Thu, Jun 09, 2022
Wealth Guide: RBI Policy Impact: "As higher repo rates would eventually increase the cost of funds for the lenders, floating rate loans linked to MCLR and previous benchmarks would be eventually increased by the lenders depending on the change in their cost of funds."
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HDFC Ltd raises retail prime lending rate by 5 basis points; EMI on home loans likely to go up
Wed, Jun 01, 2022
According to an official statement, “HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 5 basis points, with effect from June 1, 2022.”
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