Keki Mistry, HDFC, Real Estate News, ET RealEstate

NEW DELHI: Calling the existing home loan rates the lowest in the last four decades, Keki Mistry, vice chairman and CEO, HDFC has predicted that the the lower interest rates regime will continue for another six to twelve months that will give the best home buying opportunity for the home buyers. “The home loan rates […]

RBI to rationalise risk weightage on housing loans to push demand, Real Estate News, ET RealEstate

MUMBAI: In order to promote the housing sector, Reserve Bank of India on Friday decided to rationalise risk weightage on housing loans, making the product attractive for both borrower and lenders. With revision in the risk weightage, the requirement of capital provision for banks will come down. This will encourage banks to push housing loan […]

Banks plan EMI deferment for home loan restructuring, Real Estate News, ET RealEstate

MUMBAI: Lenders, including SBI, are working on restructuring options for home loans where the overall tenure of the loan does not extend by more than two years, even after relaxing the repayment schedule. The options include allowing EMI deferment for a few months in cases where the borrower has suffered total loss of income or […]

Canara Bank slashes MCLR by up to 30 bps across various tenors, Real Estate News, ET RealEstate

NEW DELHI: State-owned Canara Bank on Thursday slashed its marginal cost of fund-based lending rate (MCLR) by up to 30 basis points across various tenors. The overnight and one-month lending rates have been cut by 20 basis points (bps) to 7 per cent each. The three-month MCLR has been revised to 7.15 per cent from […]

Union Bank of India cuts home loan interest rate to 6.7%, Real Estate News, ET RealEstate

MUMBAI: Union Bank of India has slashed interest rate on home loans for salaried to 6.7%, which is lower than the general category mortgages of State Bank of India (SBI), which has traditionally offered the lowest interest rate. Union Bank charges 6.7% for loans up to Rs 30 lakh for salaried borrowers with a credit […]

Activists to RBI, Real Estate News, ET RealEstate

MUMBAI: With Reserve Bank of India (RBI) seeking to amend laws with regard to housing finance companies, activists are demanding that the central bank enable easing financing of self-redevelopment projects. “Mumbai has a large number of old and dilapidated buildings, both in the island city and suburbs. These need to be redeveloped urgently. Developers are […]

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