Tag: Home Loan
Will home loans get costlier? SBI hikes lending rates by 10 bps: Check current home loan interest rates
Aug 15, 2024 05:54 PM IST Home loans can potentially get costlier since SBI’s three-year tenor MCLR is now 9.10%, from 9% earlier and overnight…
RBI directs deposit taking HFCs to maintain 15% as liquid fund, raise deposits only up to 5 years
The Reserve Bank of India (RBI) has prohibited housing finance companies (HFC) from raising public deposits for more than five years, placed a ceiling on…
Affordable housing tax relief: Budget 2024 expected to bring back deduction on home loan interest payment, other measures
While the interim Budget (presented on Feb 1, 2024) provided some respite to taxpayers by waiving some limited outstanding demands for the past years up…
Interim Budget 2024 could ease tax burden of homebuyers via these benefits
The Income-tax Act, 1961 (Act) provides certain benefits to home buyers if they have taken a home loan for buying house property. These benefits are…
After death of home loan borrower, husband fights for 13 years for life insurance claim against SBI Life Insurance and wins
SBI Life Insurance was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay a deceased customer’s husband the full amount of insurance claim…
Navi Finserv: Home loan, insurance business drag Sachin Bansal’s Navi into slow lane
Flipkart cofounder Sachin Bansal’s financial services venture, Navi Finserv, is stuck in the slow lane with two of its important products, home loans and insurance,…
home loan interest rates: High EMIs for home loan borrowers to continue as RBI holds repo rate; no respite from high home loan interest rates
Home loan borrowers, who were hoping to get some reprieve from high interest rate, are in for another disappointment. The Reserve Bank of India (RBI)…
Credit growth momentum may moderate to 10 pc in FY24, report suggests
India’s credit growth momentum is waning and the crucial non-food loans growth is likely to slip to 10 per cent in FY24 from more than…
Square Yards revenue: Proptech firm Square Yards revenue up 70% to Rs 670 crore in FY23
Proptech firm Square Yards, which is mainly into housing and home loan brokerage, on Friday reported 70% increase in revenue to Rs 670.5 crore for…
rbi: Realty developers urge RBI for no further repo rate hike on rising cost stress
Realty developers’ body the Confederation of Real Estate Developers’ Association of India (CREDAI) has urged the Reserve Bank of India to not increase the repo…