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Home loans to businessmen riskier than salaried class: Report

Last Updated: Thursday, July 24, 2014, 16:45

Housing loans to self-employed people are more "susceptible to default" than those given to the salaried class due to possible volatilities in income, India Ratings said today.

RBI to NBFCs: No pre-payment fine on floating rate term loans

Last Updated: Monday, July 14, 2014, 21:59

The Reserve Bank Monday directed non-banking financial companies (NBFCs) not to levy pre-payment penalties on floating rate term loans, including housing loans.

'Transparency, timely approvals can reduce home prices by 20%'

Last Updated: Thursday, June 19, 2014, 16:10

Priority sector housing loans should be increased to at least Rs 40 lakh per unit, he added.

FY14 home loans at Rs 1.6 tln; total book at Rs 9.6 tln: NHB

Last Updated: Wednesday, April 02, 2014, 19:31

Indians borrowed nearly Rs 1.60 lakh crore in housing loans in 2013-14, helping home finance firms' books move closer to the Rs 10 lakh crore mark, said a top official of the National Housing Bank.

Salaried real estate investors in mess as loan cost pinches

Last Updated: Sunday, September 22, 2013, 15:44

People who had invested in properties some 10-15 years ago are now finding it difficult to service their home loans which have become too expensive now due to the rising interest rates and falling rental yields.

Lower provision for commercial residential housing loans: RBI

Last Updated: Friday, June 21, 2013, 23:11

Besides, RBI has carved out the residential housing projects under the commercial real estate as a sub-category of the commercial real estate sector.

Budget 2013-14: PwC for raising cap on interest payments on housing loans

Last Updated: Wednesday, February 13, 2013, 20:07

Consultancy firm PwC on Wednesday demanded increasing the cap on interest payments on housing loans and medical expenses for the purpose of tax benefits in the upcoming Budget.

Budget 2013-14: PwC for raising cap on interest payments on housing loans

Last Updated: Wednesday, February 13, 2013, 20:07

Consultancy firm PwC on Wednesday demanded increasing the cap on interest payments on housing loans and medical expenses for the purpose of tax benefits in the upcoming Budget.

Central Bank in pact with Tata Housing for loan to pensioners

Last Updated: Wednesday, February 22, 2012, 21:48

State-run Central Bank of India Wednesday signed an agreement with Tata Housing to offer a special home loan product exclusively designed for pensioners.

Govt may enhance tax deduction for home loans in Budget

Last Updated: Sunday, February 12, 2012, 15:49

In a bid to boost housing sector credit, the government is contemplating to enhance income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh.

Punjab & Sind Bank abolishes prepayment fines on housing loans

Last Updated: Wednesday, February 08, 2012, 23:22

State Bank of India, ICICI Bank and Central Bank of India abolished pre-payment penalty last year.

SBI abolishes penalty on pre-payment of housing loans

Last Updated: Thursday, November 24, 2011, 15:46

Country's largest lender State Bank of India (SBI) has decided to abolish pre-payment charges on home loans, giving some succour to borrowers who want to foreclose their accounts.