Its not Interest Rates reduction its Under Cutting for Housing Financiers

By Accommodation Times Bureau By Dr Sanjay Chaturvedi On the pretext of reducing the interest rates on home loans, Teaser Rates are back. Housing Financiers follow their own Prime Lending Rates (PLR) and for this, RBI have already released the banks to follow the PLR. RBI announces PLR just for indicative level only. Hence every bank has its own PLR. More...

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By Staff Reporter On Wednesday, June 6th, 2012
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No Prepayment levy on Foreclosure of home loan: RBI

By Accommodation Times Bureau The Committee on Customer Service in Banks Chairman M.Damodaran had observed that foreclosure charges levied by banks on prepayment of home loans are resented upon by home loan borrowers More...

By Staff Reporter On Wednesday, May 23rd, 2012
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Economically Weaker Section gets 5% Interest Subsidy for housing

By Accommodation Times Bureau New Delhi: The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that the Interest Subsidy Scheme for Housing the Urban Poor (ISHUP) was launched with a view More...

By Staff Reporter On Wednesday, May 16th, 2012
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Kerala Govt. approached to HUDCO for loan of Rs.2500cr

By Accommodation Times Bureau The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that Government of Kerala had approached Housing & Urban Development Corporation Limited (HUDCO) for More...

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By Staff Reporter On Tuesday, May 15th, 2012
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HUDCO sanctioned loan to Economically Weaker Sections

By Accommodation Times Bureau New Delhi: The Minister for Housing and Urban Poverty Alleviation Kumari Selja has said that the amount of loan sanctioned by Housing and Urban Development Corporation (HUDCO) for economically More...