Housing loan News

The central government provides HBA benefit to all central government employees to help them build their own homes. 

The RBI has raised the loan limits under PSL Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.

Let us explore some of the key factors to consider before applying for a home loan and understand how you can financially plan the same.

There is significant demand for affordable housing amongst the younger age (25-44 years) in smaller towns than in metros and mini-metros.

Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.

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In order to effect a revival of real estate sector, realtors' apex body NAREDCO on Thursday demanded infrastructure status to housing and tax incentives for home buyers and developers in the upcoming Union Budget.

The government had in January 2016 had set up the high-powered panel to process the recommendations of the 7th Pay Commission which will have bearing on the remuneration of nearly 50 lakh central government employees and 58 lakh pensioners.

The ruling Bharatiya Janata Party in Jharkhand has shown generosity towards legislators by slashing interest rate on housing loan to a mere four percent.

Leading banks SBI and ICICI on Thursday cut their home loan rates by 0.10 percentage point to 9.4 percent following implementation of a new interest rate calculation regime mandated by RBI.

RBI said that banks can now provide loans up to 90 percent for properties that cost Rs 30 lakh or below.

Here are some changes that the Home Buyers expect in this year’s Budget.

In order to boost real estate development, government is planning to extend priority sector lending benefits to the housing sector and work on bringing down the interest rates to 7-8 percent.

Even though the loan amount was not actually disbursed to the complainant till March 2009, the recovery of the housing loan principal and interest at the rate of 10 percent was made by the bank.

Retirement fund body EPFO is considering significantly increasing its exposure to housing finance companies to comply with PMO's suggestion to fund low cost housing in the country.

Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15 percent on housing loan and removed the slab for advances, a development which will have bearing on mortgage rate of other lenders.

Bringing cheer to individual taxpayers, Finance Minister Arun Jaitley in his maiden Union Budget 2014-15 in Parliament on Thursday, raised personal tax exemption limit to Rs 2.5 lakh from the current Rs 2 lakh.