Indian Bank raises Rs 2000 crore for infrastructure & affordable home loans

By Accommodation Times Bureau Delhi/NCR Public sector lender Indian Bank declared on September 22, that it has raised Rs 2,000 crore to finance the infrastructure and affordable housing . The amount raised through issuing long term bonds is part of the bank's Rs 5,000 crore fund raiser plan to finance infrastructure and affordable housing in the country. "The

RBI to reduce risk weight on home loans

By Accommodation Times Bureau Shares of banks and home finance companies exhibited a sudden hike , on June 8 after the RBI’s announcement of the decision to reduce the risk weight on home loans; on June 7 afternoon;  as a part of its bi-monthly monetary policy review. For private and public sector banks the RBI's

Home loan repayment qualify for exemption only if property is having OC

By Accommodation Times Bureau Section 80 C where a limit of exemption is 1,50,000/- is given for home loan seeker who pays principle sum in Equated Monthly Installments (EMI). However, it is provided that property must be complete and occupied with completion certificate. Till then only deduction available is under section

Home Loan market drying up

By Dr Sanjay Chaturvedi, LLB, PhD Accommodation Times Bureau In the budget speech, Finance Minister gave very important data on who are eligible for home loan. FM Arun Jaitley said in his Budget Speech that  the number of individuals filing return for salary income are only 1.74 crore, which means only 1.74 cr

HDFC cuts Home Loan rates

After ICICI Bank, HDFC also announced a reduction in its Home Loan rates of up to 15 basis points, effective 4th November, 2016. "Over the past couple of months we have seen a drop in our marginal costs of funds and as always HDFC has ensured that benefit is passed on

Indiabulls Housing Finance reduces Home loan Rates by 15 bps

Indiabulls Housing Finance Limited announced its revised home loan rate of 9.15%, a reduction of 15 basis points for its customers, effective 4th November. Gagan Banga, Vice Chairman and Managing Director, Indiabulls Housing Finance said, “We havealways strived to provide our customers with superior services & the most competitive rates. Areduction of

SBI reduces home loan rates by 15 bps;lowest in six years

SBI has further slashed interest rates by 0.15% for its Home Loans upto Rs. 75 lacs w.e.f. 1st November, 2016. SBI Home Loans, which are cheapest in themarket provides an excellent opportunity for both, new Home Buyers as well as those who wish to switch over their home loan to SBI to save