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 […]

Uttar Pradesh issues moratorium on housing instalments, Real Estate News, ET RealEstate

LUCKNOW: Wracked by the Covid crisis, home buyers have much to cheer with the state government providing a sixmonth moratorium on payment of instalments for housing property bought from a development authority or UP Housing and Development Board. The state housing and urban planning department has decided to waive penal interest on allottees, who could […]

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